Ivory Coast selling Africa’s biggest Eurobond

Ivory Coast is selling 1.7 billion euros ($2.1 billion) of bonds in the biggest issuance of debt in the common currency from an African government, according to a person familiar with the matter. The West African nation is offering 850…

IMF urges Ghana to adopt new revenue plan

Ghana must legislate new measures to boost revenues by at least 0.5 percent of Gross Domestic Product (GDP) before the International Monetary Fund (IMF) reviews a $918 million credit deal next month, the Fund has said.

Barclays Africa to rebrand to Absa

Barclays Africa Group Limited, one of the largest banking groups in Africa, is set to change its name to Absa Group Ltd subject to shareholder and regulatory approval.

Ghana launches 10-year cashew development plan

Ghana’s President Nana AddoDankwa Akufo-Addo, on Tuesday, launched a 10-year Cashew Development Plan, aimed at diversifying Ghana's agricultural sector. Recounting a commitment he made on 19th March 2016, at Suma Ahenkro, in the Jaman North…

ECOWAS leaders meet in Accra over Single Currency

Heads of State from the Economic Community of West Africa States ECOWAS are meeting in Accra on Wednesday in a bid to fast track processes towards meeting the 2020 target for the introduction of a single currency ECO.

Afdb rallies support for Gambia’s Development Plan

A donor pre-engagement on Gambia’s new National Development Plan (NDP), is scheduled to take place in Dakar, Senegal from 20 to 22 February 2018. Following the election of President Adama Barrow in December 2016, the country has a new…

Egypt signs $15 billion gas deal with Israel

An Israeli energy company has announced a $15bn deal to export natural gas to Egypt, highlighting the deepening strategic ties between the two countries as well as Cairo’s ambitions to become a regional energy hub.

EIB to announce EUR 69 million investment in Rwanda

The European Investment Bank is expected to confirm EUR 69 million of new infrastructure and private sector investment in Rwanda this week . This will include announcement of the EIB’s first public sector investment in the country to…

AfDB receives 700 million dollar Japan Support

The Japan International Cooperation Agency has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance loan to the tune US $700.9 million.