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
Finance
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)
ZCCM-IH announces operating profit for 2011
Zambia Consolidated Copper Mines Investments has disclosed an operating profit of US$100.7mn in 2011 from 8.9mn in 2010 as a result of a favourable economic environment and high commodity prices