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Moody’s closing its consulting business in China, cutting staff -sources

Moody's Corp (MCO.N) is shutting its China consulting business and is laying off people associated with the unit in multiple locations across the country, two people...

Ghana’s central bank cancels FX support for some imported items

The Bank of Ghana (BoG) has indicated that it will no longer provide FX support for the imports of more than eight items imported...

Bankers bet billions on new wave of debt-for-nature deals

The Galapagos Islands, whose thousands of unique species inspired Darwin's theory of evolution, have incalculable ecological value. But what are they worth? Perhaps around $800...

Oil falls on easing geopolitical tensions, China demand worries

Oil extended declines on Thursday as concerns over geopolitical tensions eased and as rising numbers of COVID-19 cases in China added to demand worries...

Saudi Aramco to pump $7 billion into biggest petchem investment in South Korea

Saudi Aramco (2222.SE) plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products,...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...
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