NIGERIA GOVT. REQUEST FRESH LOAN FROM CHINA EXIM BANK

NIGERIA GOVT. REQUEST FRESH LOAN FROM CHINA EXIM BANK

Chibuike Rotimi Amaechi say nigeria to request fresh loan form china exim bank

Nigeria has requested a loan from China Exim Bank for the construction of a coastal line. The fund which is worth US$ 1.8billion will help the completion of the project according to Minister of Transportation.

The actual …

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VANDALISATION OF ELECTRICAL EQUIPMENT AFFECTING KENYA POWER

VANDALISATION OF ELECTRICAL EQUIPMENT AFFECTING KENYA POWER

Kenya Power spends Sh5.5 billion on installation of electricity due to vandalism.

Kenya Power has announced that the constant vandalism of electrical materials is affecting them. This has result in the distribution company spending Sh5.5 billion in installation of street lights in Nairobi alone.

The distribution company has make sure …

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INVESTORS TO INVEST IN CBE TREASURY-BILLS

INVESTORS TO INVEST IN CBE TREASURY-BILLS

Central bank of Egypt (CBE) to offer 23 investors treasury bills (T-bills).

Over twenty-nine foreign and domestic investors has offer to invest in the Central bank of Egypt (CBE) treasury bills (T-bills). The T-bill which was issued out this week will allow bank to subscribe with a minimum of US$100,000.…

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IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

IFA gets fund for infrastructure development in six African nations

Investment fund Africa IFA has secure US$6 billion for infrastructure development in Africa.  This IFA fund is the first phase of its drive towards infrastructure development in Africa. The deal was announced during an interview with investment fund’s chairperson and …

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WEMA BANK SECURES US$35m CREDIT TO FUND SMEs

WEMA BANK SECURES US$35m CREDIT TO FUND SMEs

Wema Bank gets US$35m Line of Credit to support SMEs.

Wema Bank Plc have secured a line of credit (LOC) from international lenders. The LOC is specifically to grow  financial support for small and medium scale enterprises (SMEs) in Nigeria.

The bank received US$15 million and US$20 million from African …

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