Kenya turns to China for $1.5 billion highway expansion
China’s CRBC, Shandong and Kenya’s NSSF to expand highwayChina changes model of developing Africa infrastructureKenya highway project financing…
Ethiopia begins $12.5 billion construction of ‘Africa’s biggest airport’
BISHOFTU, Ethiopia, Jan 10 (Reuters) – Ethiopian Airlines on Saturday officially started a $12.5 billion construction project for…
Namibia’s central bank governor to leave post after five years
WINDHOEK, Nov 19 (Reuters) – Namibia’s central bank said on Wednesday that its governor, Johannes !Gawaxab, would leave…
IMF reaches staff level agreement on Ethiopia’s fourth review, unlocks $261 million
Dec 10 (Reuters) – The International Monetary Fund said on Wednesday it had reached a staff-level agreement with…
Uganda says it will receive over $2 billion in fresh World Bank funding
KAMPALA, Oct 21 (Reuters) – The World Bank will give Uganda over $2 billion in new financing in…
Risk-on investors turn to Uganda to ‘squeeze the last drop’ out of frontier markets
Uganda attracts record offshore investment into domestic debtDiverse investor base looks to frontiers for yieldHot money raises risk…
Namibia holds key rate, citing South Africa’s new inflation target
WINDHOEK, Dec 3 (Reuters) – Namibia’s central bank left its main lending rate (NACBIR=ECI), opens new tab unchanged…
Ethiopia strikes draft restructuring deal on $1 billion bond with bondholder group
ADDIS ABABA/LONDON, Jan 3 (Reuters) – Ethiopia has struck a preliminary agreement with a group of investors holding…