In a new era for Belgian-Rwanda relations, Rwanda Finance Limited (RFL) and the Belgian Finance Center (BFC) announced the signing of an extended partnership to strengthen ties between their financial sectors.
Category: Investing
Eurozone Inflation Leads to a 30% Drop in Euro’s Buying Power in 20 years
Data researched by Trading Platforms UK, indicates that the buying power of one euro (1€) has depreciated by a whopping 30% between 2000 and 2020 from 1€ to 0.7€.
AfCFTA Launches – Now Africa Must Make It Succeed
Trading under the AfCFTA began on 1 January, but many issues must be solved before it can live up to its potential as the world’s largest free trade area.
Zambia: IMF Debt Talks Unlikely to Stop Lungu From Trying to Pawn Copper to China
Discussions on debt restructuring underway between Zambia and the International Monetary Fund (IMF) will do little to disrupt the political agenda of President Edgar Lungu as he prepares for elections in August.
‘Despite its Resilience, Madagascar is in a Difficult Situation’, says IMF Rep
The IMF’s representative in Madagascar since 2018, Marc Gérard, speaks to us about Madagascar Emergence Plan, depreciation of the Malagasy ariary, Covid-19 and Air Madagascar’s current situation.
OPEC Fund Extends $50m for Poverty Reduction in Tanzania
Vienna, Austria, February 19, 2021/ — The OPEC Fund for International Development (the OPEC Fund) (https://OPECFund.org) has signed a $50 million loan with Tanzania to finance the ‘Fourth Tanzania Poverty Reduction Project’.
2020 was a Strange Year for African Start-ups
As a result of the pandemic, the amount of private equity funds raised for African start-ups declined by nearly 30% in 2020 – contrary to the trend of the last three years. However, according to Partech Africa’s latest annual report, African start-ups experienced increased growth last year.
JICA, African Dev’t Bank Sign $668.1 Million Loan Pact
Abidjan, Côte d’Ivoire// – The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF) – the concessional arm of the African Development Bank Group – on Tuesday signed a loan agreement of 73.6 billion Japanese yen ($668.1 million) to support the 15th replenishment of the African Development Fund (ADF-15).
Technicorum Holdings Appoints Daniel Daboczy As Its New CEO
Technicorum Holdings, which has been incubating the innovative DeFi and NFT project KingSwap (https://www.kingswap.io/), today announced that crowdfunding veteran and FundedByMe co-founder and CEO Daniel Daboczy will be the new CEO of Technicorum.
Ghana: EU Donates € 1.9 Million Worth of Logistics, Vehicles to Agencies
Accra, Ghana//-The European Union (EU) has distributed logistics and vehicles to government agencies under the Ghana Employment and Social Protection (GESP) programme worth about €1.9 million to public institutions to enhance service delivery.