Economy

The program will support 300 high-performing entrepreneurs with up to 150,000 USD each in zero-interest loans and will provide technical support to spur Africa’s economic recovery. Entrepreneurial Solutions Partners (ESPartners), in collaboration with the U.S. African Development Foundation (USADF) and Ecobank, has launched the African Resilience Initiative for Entrepreneurs (ARIE) – a pan-African initiative to provide financial and technical assistance...

Having recently acquired Ghana Home Loans Bank (GHL Bank), First National Bank Ghana, FNB receives a long-term loan of $30 million from Deutsche Investitions - und Entwicklungsgesellschaft mbH, DEG. The fund was provided to help the bank to grow its newly acquired asset portfolio. Meanwhile, more funds are being supplied by other European development finance institutions, such as; Finnfund (Finland),...

An evaluation of the end of the coffee season in Tanzania has revealed that the East African nation earned $135 million in 2020/2021 via the exportation of 68,880 tonnes of coffee. In a total of 23 auctions held in the key coffee zones, some 30,375 tonnes of Arabica coffee and 38,505 tonnes of Robusta were sold to match up...

Over five thousand families have benefitted from the food support programme organised by the USAID funded Urban Assistance Scheme, which was launched by the World Food Programme (WFP). The programme is being spearheaded by Lead, who is in partnership with the WFP in reaching out to the beneficiaries. The scheme is meant to benefit vulnerable families who have been drawn...

…plans Roll-Out in Nigeria, Egypt, Tunisia, and Kenya The creation of the mobile business happened the second that prepaid calling was executed. Users with no secure income except for generally limited amounts of money could become clients when they had money. This week Mondia, a leading independent digital entertainment enabler, has launched a content platform that may turn into the...

The Development Bank of Nigeria (DBN) has given the first tranche of the N1 billion to the LivingTrust Mortgage Bank to disburse to Micro Small and Medium Entrepreneurs (MSMEs). This was disclosed by the mortgage bank in a statement it issued on 12th March 2021. According to the statement, the first tranche of N1 billion from the Development Bank of...

Nigerian airports in its capital, Abuja, and commercial hub Lagos have reopened for domestic travels today. However, a few airports will open on July 11 while the rest will resume flights on July 15. Still, No date has been given for the resumption of international flights The resumption of flights is the latest step by the government to reopen Africa’s...

The OPEC Fund for International Development (the OPEC Fund) signed a $20 million term loan in favour of East African Development Bank (EADB), to support small- and medium-sized enterprises (SMEs) and infrastructure projects in East Africa. EADB is an important regional development institution for delivering key development objectives across the East Africa region. It enjoys a high level of...

The president stated this at a Presidential Conference with the Participants of Senior Executive Course 42 of the National Institute for Policy and Strategic Studies at the State House, Abuja, recently. He noted that the focal point of the group's research for the year, "Population Growth and Human Capital Development: Challenges and Opportunities," was most appropriate in timing, and the...

The Minister for Social Action, Family and Woman Promotion, Faustina Alves, Wednesday in Luanda, called for greater participation for "ladies" in actions aimed at resolving conflicts in society. Speaking at the closing of a round table on women's participation in peacekeeping and conflict resolution processes, the Government official stressed that the presence of women in this field is generally unknown...