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Ivory Coast to Build Massive Hydro-Power Station Withe Chinese Loan

The Ivory Coast will see construction of a 275 megawatt hydro-power plant, funded by China’s Export-Import Bank (Exim), begin by the end of 2012 in...

IMF Raises Ethiopia’s Economic Growth Forecast

Ethiopia's economy is expected to maintain a growth rate of 7 percent in 2012/2013, the International Monetary Fund said, raising its earlier forecast of...

South Sudan Seeks Chinese financing for Oil Pipeline

South Sudan intends to ask China to finance an alternative pipeline to export its oil, an official said on Sunday as prospects of resuming...

Offshore Financing – How to Secure Funding for Opportunities in Africa

With the high levels of economic growth that many African countries are currently experiencing, the continent offers many opportunities for businesses looking for new...

Nigeria to Secure U.S.$550 Million World Bank Loan

Nigerias Federal Government in its bid to meet its transformation agenda and fix the polluted land in the Niger Delta and other parts of the country is negotiating a $550 million financing, Coordinating Minister of the Nigerian Economy and Minister of Finance, Ngozi Okonjo-Iweala, has said.

Ethiopian Telecom Seeking New Vendor Financiers for Expansion

Ethio Telecom, Ethiopia's sole telecommunications provider, is seeking a new round of financing as it ramps up expansion plans geared towards meeting the telecommunication sector development goals set out in the GTP.

Ethiopian Federal Budget Balloons to 117.8bn

The IMF has forecasted Ethiopia's growth rate may fall from 7.5pc this year to six per cent in the next fiscal year, partly due to inflation. The government's growth forecast for the current fiscal year is 11pc.

Power Utility in South Africa Secures Billions for Coal-Fired Power Station

This is a statement of confidence by the US agency in Eskom, and in South Africa and an acknowledgement of the criticality of clean coal in Eskom's fleet

African Central Bankers Seeking for New Mechanisms to Finance Development

It is also expected to discuss, among other issues, how appropriate it is to redefine the mandate of African central banks, so that it includes the development dimension.

Sanusi Recommends Multiple Financing Options For Nigeria’s Power Sector

Sanusi, who also assured that the CBN would be willing to give the necessary guarantees to banks willing to go into financing power projects, appealed to the Securities and Exchange Commission (SEC) to lower the cost of raising funds from the capital market.