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Mastercard launches new fund for young Africans

Mastercard launches new fund for young Africans

November 2, 2018

The Mastercard Foundation on Thursday announced a new fund that enables young changemakers to seed and kick-start promising social ventures and community projects, creating economic opportunities for themselves and others.

Ethiopia secures $229 from flower export achieving 68% target

Ethiopia secures $229 from flower export

November 1, 2018

By Andualem Sisay Gessesse – In the face of political unrest the country went through, Ethiopia gets $228.6 million from flower export last Ethiopia fiscal year ended July 7, 2018 achieving 68%…

World Bank approves $1.2 billion to Ethiopia

World Bank approves $1.2 billion to Ethiopia

October 31, 2018

The World Bank’s Board of Executive Directors on Tuesday approved $1.2 billion ($600 million grant and $600 million credit) to Ethiopian government from the International Development Association (IDA).

African countries get climate risk financing, insurance

African countries get climate risk financing, insurance

October 30, 2018

The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.

Oranto Petroleum to invest in Niger oil industry

Oranto Petroleum to invest in Niger oil industry

October 30, 2018

The Ministry of Petroleum of Niger to Grant Blocks R5, R6, Dibella and Dallol to Oranto. The blocks are located in the Agadem Rift Basin; Oranto Petroleum to receive technical data.

Angola sink deeper into debt

Angola sink deeper into debt

October 30, 2018

Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite being the second largest oil producing country in Africa and the continent’s third strongest…