Business

Africa-India trade to double by 2021

Trade between Africa and India has risen over the past 10 years and is highly likely to double its total of US$60 billion in 2017 to US$120 billion in 2021, according to a report released by the African Export-Import Bank (Afreximbank) and the Export-Import Bank of India (Exim India). ...Read More

AFC acquires US$300 million facility from Export-Import Bank of China

AFRICA Finance Corporation (AFC), one of the leading infrastructure development finance institutions on the continent, has announced its successful acquisition of a loan facility from the Export-Import Bank of China (CEXIM) of a US$200m five-year loan and a US$100m five-year stand-by facility for general corporate purpose. AFC revealed in a statement that the facility from CEXIM marks its inaugural financing facility from China. ...Read More

Zim inflation hike maybe transitory: study

Zimbabwe’s inflation hit its highest since the series began in 2009 as it increased to 5.39 percent in September from 4.83 percent in August. ...Read More

ENH NEEDS US$2BN LOAN FOR GAS PROJECT

Maputo – Mozambique’s National Hydrocarbon Company (ENH) needs to borrow US$2 billion in order to finance its participation in the Liquefied Natural Gas (LNG) projects in the Rovuma Basin, off the coast of the northern province of Cabo Delgado. ...Read More

African governments borrow due to falling FDIs – Geingob

Windhoek – President Hage Geingob has said African governments are being forced to borrow more money, due to a continuous drop in foreign direct investment (FDI) over the past 10 years. ...Read More

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