Kenyans should expect some economic relief in the form of lower fuel costs. The East African country will experience its largest margin drop in fuel prices since 2021, with a drop of up to Ksh5 per liter. This is credited […]
Dubai-listed cooling company Tabreed has announced a $163 million (AED 600 million) green revolving credit facility for sustainable solutions with Abu Dhabi’s FAB as the green coordinator, as well as ADCB and Emirates NBD. The five-year loan agreement is intended […]
Like most other regions, African countries face a myriad of challenges, tailored to their socio-economic realities. These challenges are typically a deterrent to their path to sustainable development, and managing their external debt is a crucial aspect of economic stability. […]
The Central Bank of the United Arab Emirates (CBUAE) has joined the “AFAQ” Payments System, which is operated by the Gulf Payments Company (GPC) and owned by the GCC Central banks. In a statement on Tuesday, the CBUAE said the […]
The Dangote refinery will start the production of Automotive Gas Oil (diesel) and JetA1 (aviation fuel) in January 2024. However, the production of Premium Motor Spirit popularly called petrol is being delayed by the supply of crude oil in instalments. […]
The Board of Directors of the African Development Bank Group granted loans of nearly USD 250 million to Rwanda in Abidjan to enhance the population’s access to water and sanitation services. The initiative seeks to enhance the community’s access to […]
Funding for a joint effort by the United States and United Arab Emirates to advance climate-friendly farming around the world has grown to more than $17 billion, the countries announced on Friday at the COP28 climate summit in Dubai. The […]
The World Economic Forum, with support from the Government of the United Arab Emirates, along with more than 20 corporate and research partners in the food sector, launched today the First Movers Coalition for Food. The initiative uses the combined […]
A private real estate investor, Octavious Gilman, has expressed willingness to offer the incoming Liberian government one hundred thousand United States Dollars ($US100,000) as a development pancake. Gilman, who resides in the United States of America, reportedly owns and operates […]
Uganda’s financial sector is experiencing an interesting development given the wave of financial inclusivity via cashless payment that is currently sweeping through its economy. A recent report showed that cashless payment is beginning to catch on, and 80% of mobile […]
