Germany pledges $4.3 billion ‘green’ investment in Africa
The German government has pledged to invest 4 billion euros ($4.37 billion) in African green energy projects until 2030.
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Zambia’s debt restructuring bid stalled over more relief demands
Zambia’s efforts to restructure its debt have been dealt a major blow as official creditors have rejected a revised deal to rework $3 billion of Eurobonds. The country’s official creditor committee (OCC), which includes China, Japan, and the Paris Club of creditor nations, said that the deal did not offer comparable relief to both commercial and official creditors.
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Clashes kill 32 in disputed Abyei region between South Sudan and Sudan
Fighting in the disputed Abyei region between Sudan and South Sudan has left at least 32 people dead, including a UN peacekeeper.
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IMF mulls mega loan program for Egypt amidst Gaza war
The International Monetary Fund (IMF) is considering a mega loan program to help Gaza recover from the economic fallout of the recent war. The war has caused widespread damage to Gaza’s infrastructure and economy, and the IMF’s loan would help to rebuild and revitalize the Gaza economy.
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DR Congo election season begins with bangs, bullets
DR Congo launches a month-long election campaign with 26 presidential candidates amidst political tension and eastern conflict with 44 million registered voters out of a population nearing 100 million, the presidential election is set for December 20.
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Nigeria moves to resolve $1.3 billion ExxonMobil dispute with Seplat
Nigeria’s government meets with Seplat Energy to resolve a two-year stalemate over ExxonMobil’s $1.3 billion oil asset sale.
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