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The joint venture between South Africa and Saudi Arabia will give a tremendous boost to both the economies. (Image source: Getty Images)

money1South Africa and Saudi Arabia have set up a ZAR 20 billion (US$2.37 billion) holding company for farming, mining and petrochemical investments

US ambassador to Zambia Mark Storella made the announcement in Zambian capital Lusaka. (Image source: Travlr)

The United States has said it will increase its bilateral assistance to Zambia in 2013 from US$400 million per annum to $500 million per annum

The UK has responded to the recent economic reforms initiated by Malawian president, Joyce Banda, by releasing US$51 million of aid to the country

The agreement will enable IFC and AfDB to benefit from each others local currency bond issues. (Image source: Wesleynitsckie/Flickr)

International Finance Corporation (IFC) and African Development Bank (AfDB) have signed an agreement to enter into cross-currency swap transactions

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