Christine Lagarde, managing director for the International Monetary Fund (IMF), completed a recent visit to Angola with a warning that the OPEC nation – Africa’s second largest oil producer, behind Nigeria – needs to shift away from its oil reliance. “Angola has come a long way since the end of…
Angolan President João Lourenço wrapped up a visit to Beijing Wednesday, where he met with President Xi Jinping and other government leaders as well as members of the business community. Their talks led to a new USD$2 billion credit agreement for infrastructure funded through China Development Bank, according to Angola’s official…
The African Development Bank (AfDB) said Tuesday that it has not decided to call off loans to Nigeria, countering widespread media reports that the support for the West African nation’s ailing economy was withdrawn. “The African Development Bank is highly encouraged by the economic recovery of Nigeria from recession and…
Tunisia will receive a €200 million loan installment from the European Union, following a decision by the EU Commission to release the funds as part of the latest financial assistance package for the North African nation. The loan is a first disbursement as the EU launches its second Macro-Financial Assistance…