Uganda turns to US financing for $3.19bn rail project following China’s withdrawal
Uganda has revised its funding approach for the $3.19 billion standard gauge railway (SGR) project, with the United States now […]
Global Finance
Africa’s richest calls for more local investment amid IMF, World Bank talks
Aliko Dangote, chairman of the Dangote Group, has leveraged top-level engagements in Washington to advocate for stronger investment in Nigeria’s
Japan commits $10bn support for Asian nations amid oil crisis.
A $10 billion support package has been pledged by Japan to assist neighbouring Asian nations in securing energy supplies, particularly
Kenya lands $5.2 million UN-supported project to test low-carbon urban model.
In a bid to transform urban growth in Nairobi, the Government of Kenya has rolled out a $5.2 million project
Brazil annual inflation accelerates to 4.14% in March as fuel costs climb amid Mideast conflict
Brazil’s annual inflation accelerated to 4.14% in March from 3.81% in February, as higher fuel and food prices pushed consumer
Egypt pledges support for Nile water initiatives in Uganda after Cairo discussions
Egypt has committed to providing financial support and helping secure funding for key water infrastructure projects in Uganda’s Nile Basin,
World Bank backs Tanzania with $550m for employment and social support
A fresh $550 million financing package has been approved by the World Bank for Tanzania, aimed at expanding employment opportunities
World Bank approves $500m to support Nigeria’s agriculture, targeting 1 million farmers
A $500 million concessional facility has been cleared by the World Bank to reinforce Nigeria’s agriculture sector, with a strong
Senegal uses swap arrangements to secure cheaper cash as debt fears return.
Senegal has justified its reliance on sophisticated financial arrangements to access cheaper funding, following scrutiny over transactions that enabled it
Morocco finalises funding and power agreements for 305MW Noor Atlas project.
Morocco has finalised financing and inked power purchase agreements for a 305-megawatt solar initiative, accelerating its move toward decentralised renewable