Monday, November 11, 2024
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Loan

DR Congo secures $368 mln loan from IMF after suspension

The International Monetary Fund (IMF) board has approved the disbursement of around $368 million to Democratic Republic of Congo, the Fund said on Monday...

Nigeria secures $210 mln loan from AfDB for power project

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to...

Nigeria: Loan defaulters to lose deposits in other banks

Nigeria's Central Bank has announced that loan defaulters will now lose their deposits in other banks. The move is in an attempt to reduce the...

Ghana wants $750m bridge loan from banks

Ghana is in talks with Standard Chartered and Standard Bank Group for a bridge loan of $750m and will repay the facility with the...

Sierra Leone secures $172 million loan programme from IMF

Sierra Leone has secured a new loan agreement from the International Monetary Fund (IMF). The IMF board has approved a new $172 million loan programme...

World bank disburses $500 million loan to Tunisia

The World Bank has now disbursed a $500 million loan to support Tunisia’s budget, Reuters reports. According to Reuters news of the disbursement was confirmed...

Zimbabweans to secure loans using cars and livestock as security

There are moves in Zimbabwe to have entrepreneurs secure loans from banks using livestock and vehicles. A special bill has been sent to the...

Uganda gets $151 mln loan from African Development Bank for toll road

Uganda will expand a major road linking its capital Kampala with Rwanda after signing a deal on Thursday for a $151 million loan from...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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