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Nigerians Reject $1bn Insurgency Loan

AFRICANGLOBE - Following the recent request by Nigeria's President for approval to ask for a $1billion loan to fight insurgency in the country, prominent Nigerians have opposed the request, indicating that it may be an insensitive issue at this time.

China Grants U.S.$1.4 Billion Railway Loan to Ethiopia

AFRICANGLOBE - Ethiopian officials have succeeded in winding up a deal with their counterparts in China that involves a 1.4 billion dollars in loans,...

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...

AfDB $1.03b Loan to Increase Electric Power in Ethiopia,Kenya

The African Development Bank (AfDB) on Thursday approved a $348 million loan for Ethiopia and Kenya to finance a cross-border power line, the second...

Nigeria Secures Loan From China for Massive Railway Project

Nigeria’s Federal Capital Territory,  Abuja and its surrounding areas will soon be benefiting from a new railway system, thanks to a loan agreement signed...

Egypt Seeks $4.8 Billion IMF Loan for Stricken Economy

The IMF is ready to help Egypt and will send a technical team to Cairo in September to refine details of possible financial assistance,...

Republican Greed and Fiscal Irresponsibility: A Brief Look at the Facts

  Am I the only one becoming nauseous over the Republican Party’s claim that they’re the party of fiscal responsibility? And what about their claim...

Ethiopia Secures WB Loan for Kenya Link Electricity Substations

A high-level delegation from the Ethiopian government has secured a loan for the construction of substations for the Ethiopia to Kenya power interconnection project...

South African Power Utility Gets $250 Million Loan for Wind, Solar...

South Africa signed a $250-million (183-million-euro) loan deal with the World Bank on Monday aimed at adding 200 Megawatts of solar and wind power to the coal-dependent country's grid.

South Africa Signs Loan Deals for Wind Project

Eskom signed two loan agreements totalling 365 million US dollars with the African Development Bank on Sunday, which will enable it to implement a renewable wind and solar generator, the electricity parastatal said.

Bill Clinton Launches Business Loan Program in Haiti

Former U.S. President Bill Clinton launched a new business loan program in Haiti on Tuesday aimed at helping bolster an economy that was devastated by the January 2010 earthquake.