South Africa has been named as the highest rated economy and the best place for business investments on the African continent by firm Grant Thornton
Finance
AfDB grants loans to boost Nigerian SMEs
The African Development Bank (AfDB) has signed an agreement to provide loans to the Bank of Industry (BOI) and the Nigerian Export-Import Bank (NEXIM) in an attempt to support small- and medium-sized enterprises (SMEs) in Nigeria
Zambia driving towards sustainable growth following US$750 million Eurobond
Zambia is expected to experience robust growth as a result of the recently issued US$750mn Eurobond, according to Standard Chartered Bank
Bill Gates and US investors to buy US$1 billion stake in Egyptian firm
Bill Gates and a US investors’ group have announced plans to buy a US$1bn stake in Egyptian company Orascom Construction Industries
IITFC grants US$265 million loan to Egyptian oil firm
The International Islamic Trade Finance Corporation (IITFC), a branch of the Islamic Development Bank, has provided funds worth US$265mn to Egyptian General Petroleum Corporation (EGPC)