The African Development Bank (AfDB) agreed this week to help Zimbabwe clear its $13.5 billion debt during a visit by the Abidjan-based lender’s president. The AfDB has also started releasing loans from a $1.5 billion fund to help Africa avert a looming…
NAIROBI— African airlines are expected to record a $4.1 billion loss this year on the back of expensive fuel that is eroding the gains made by a recovering business.Africa Airlines Association (AFRAA) says expensive jet fuel and other expenses involved…
Malawi is claiming over $300 billion from United States company Columbia Gem House for unpaid taxes on minerals extracted from the country and exported to the United States, the attorney general said.A July 26 letter from Malawi’s attorney general Thab…
Malawi wants renewed access to the International Monetary Fund’s Extended Credit Facility, or ECF, after a two-year halt.In 2020, the IMF canceled a planned $70 million in loans to Malawi after it came to light that former president Peter Mutharika gav…
ABIDJAN— The African Development Bank (AfDB) Group’s board of directors announced that it approved a $1.5 billion facility to help African countries avert a looming food crisis in the continent.In a statement, the bank said with the disruption of food …
Mastercard and fintech giant OPaytoday announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Middle East and Africa.The colla…