African Development Bank Grants $1B Loan to South Africa’s Transportat Company
The African Development Bank has approved a $1 billion loan to South Africa’s state-owned rail and ports company, Transnet. This…
Tag: Bank
Julius Malema Refutes Renewed VBS Bank Allegations, Claims Political Targeting
Julius Malema, the leader of the Economic Freedom Fighters (EFF), claims that attempts are being made to discredit him and…
Nigeria Receives the First Half of its World Bank Loan
Nigeria has received $751.88 million from the World Bank, part of a recently approved $1.5 billion loan intended to help…
AfriForum Wants EFF’s Malema To Be Investigated For VBS Bank Claims
Lobby organization AfriForum has announced plans to file a criminal complaint against Julius Malema, the leader of the Economic Freedom…
South Africa Appoints Former Bank Robber Gayton McKenzie New Sports Minister
South Africa’s President Cyril Ramaphosa has appointed former gangster Gayton McKenzie as the new Minister of Sports, Arts, and Culture…
World Bank Grants $208 Million to Zambia to Combat Drought
The World Bank has approved a $208 million grant to help Zambia combat the severe drought affecting the region. Announced…
World Bank Loan Boosts Nigeria’s Foreign Reserves by $1.4 Billion
Nigeria’s foreign reserves increased by $1.4 billion in June, reaching $34.14 billion, according to data from the country’s Central Bank.…
African Development Bank Prioritizes Global Financial Reform at Recent Annual Meeting
Tensions between Niger and Benin have intensified after Benin arrested five Nigerian nationals for allegedly entering the port of Seme…
Nigeria Obtains $500 Million World Bank Loan to Enhance Power Distribution
Nigeria has secured a $500 million World Bank loan to enhance power distribution. The Bureau of Public Enterprise (BPE) announced…
Nigeria’s Central Bank Hikes Interest Rate to 26.25%
On Tuesday, Nigeria’s central bank announced it has increased its benchmark lending rate by 150 basis points to 26.25%, up…