The European Union (EU) has announced it will allocate US$618mn of funding from its 11th European Development Fund (EDF) to Rwanda
Economy
Kenyan government raises US$2 billion through Eurobond
Kenya has successfully raised US$2bn from the international markets through a Eurobond, which according to government officials was oversubscribed by 500 per cent
EU grants US$600 million for Kenya's infrastructure and transport
Kenya has received a US$600mn grant from the European Union (EU) to develop public transport infrastructure and agriculture
DBSA to fund infrastructure development in South African city
The Development Bank of Southern Africa has signed a long-term loan facility with the South Africas City of Tshwane for US$150mn
Ex-Im Bank to fund US$1 billion GE venture in Angola
The Export Import (Ex-Im) Bank of the US has agreed to finance a deal worth US$1bn between GE and the government of Angola to purchase railway and energy equipment