The Lagos-based pan-African multilateral development institution, Africa Finance Corporation (AFC) announced on Tuesday the successful close of its largest ever debt facility, a $1.16 billion syndicated loan, attracting new lenders from the Middle (...)
The Lagos Food Bank, vital for residents, faces dwindling supplies as inflation skyrockets in Nigeria while President Bola Tinubu's unpopular economic reforms worsened the cost of living crisis, as per a Reuters report.
Many residents struggle with (...)
Shell's exit from the onshore oil sector in Nigeria puts the spotlight on the risks oil business face in the country but has sparked hopes that local companies could take over to prevent the Niger Delta's output decline, as per a Reuters report (...)
Africa Finance Corporation (AFC) is partnering with the International Islamic Trade Finance Corporation (ITFC) to provide a $250 million sharia-compliant trade loan facility to Egypt, AFC said in a statement on Tuesday.
The Lagos-based development (...)
Africa's largest oil refinery had begun production in Nigeria, according to analysts on Monday. The new plant is expected to increase refinery capacity in a region that is largely reliant on petroleum imports.
The refinery is located on the (...)
The African Export-Import Bank (Afreximbank) president Benedict Oramah has received the Forbes Africa magazine 2023 Person of The Year award, according to the bank's statement on December 4th.
The award recognised the stellar accomplishments of (...)
Africa's potential for growth is undeniable. With $6.2 trillion worth of natural resources, 65 percent of the world's uncultivated arable land, and a vibrant youth population, Africa has no excuse to be poor, African Development Bank President (...)
Knight Frank MENA, a global real estate consultancy, has issued the Africa Horizons 2023/24 Report, a comprehensive analysis showcasing Africa's remarkable post-pandemic recovery. With a focus on Egypt, this report reveals a renewed surge in global (...)
The Nigerian Federal Ministry of Agriculture and Rural Development alerted the general public to an outbreak of Anthrax in neighbouring countries within the West African sub-region. Specifically, Northern Ghana, and bordering Burkina Faso and (...)
واصلت طاهية نيجيرية يوم الإثنين سعيها لتحقيق رقم قياسي عالمي جديد لأطول ساعات طهي بدون توقف بالطهي لنحو 100 ساعة، متجاوزة الرقم القياسي الحالي.
وبدأت هيلدا باتشي الطهي يوم الخميس الماضي في محاولة لكسر الرقم القياسي العالمي المسجل باسم الطاهي الهندي (...)
في أطول جلسة طهي متواصلة قضت طاهية نيجيرية 100 ساعة دون انقطاع في إعداد صنوف مختلفة من الطعام بهدف تحطيم الرقم القياسي في موسوعة جينيس .
وأسرت هيلدا باسي، وهي طاهية في مدينة لاجوس، قلوب النيجيريين بماراثون الطهي الذي بدأته الخميس وانتهت منه مساء (...)
Africa Finance Corporation (AFC), a Lagos-based development financier, plans to invest $1 billion or more in Egypt in the near future, said its executive director Sameh Shenouda on Tuesday.
Shenouda's remarks followed an announcement made by AFC (...)
Egypt's President Abdel Fattah Al-Sisi has extended his sincere congratulations to the people and government of the Federal Republic of Nigeria on conducting the presidential and parliamentary elections.
He said this success represents an essential (...)
The world's largest floating library, MV Logos Hope has announced that it will visit Egypt in the 4th of January 2023, in conjunction with the Cairo International Book Fair, according to the ship's administration.
MV Logos Hope is scheduled to stop (...)
في حادثة تفوق حدود ما يمكن للخيال تصور، تمكن 3 نيجيريين من النجاة أثناء هجرتهم خلسة إلى جزر الكناري في إقليم الأطلسي ب إسبانيا قبالة سواحل شمال غرب إفريقيا بعد رحلة دامت 11 يومًا.
رحلة الموت
نجا النيجيريون بأعجوبة من رحلة مسافتها 2700 ميل بحري (ما (...)
Sharm El-Sheikh International Airport expects to receive 7,500 people on Saturday, who will participate in the Conference of the Parties on climate change (COP27), amid intensive precautionary measures.
Governor of South Sinai Khaled Fouda said that (...)
The booming digital economy in many African countries like Nigeria and Egypt raises the hopes for more revenues for the countries in their COVID-19 fatigued economies.
More tax revenues derived from the digital economy could help governments of (...)
Recent studies have revealed that private Western creditors are responsible for the lion's share of Africa's debt burden.
In a report released last week, Britain-based charity Debt Justice found that African governments owe three times more debt to (...)
حدتت تيفاني ترمب، ابنة الرئيس الأميركي السابق دونالد ترامب الوحيدة من طليقته Marla Maples البالغة 58 عاما، مع خطيبها اللبناني الأصل مايكل شربل بولس، مكان وزمان حفل زفافهما، بحيث يتم إحياؤه السبت 12 نوفمبر المقبل بمنتجع Mar-a-lago الذي يملكه والدها (...)
Vantage Capital — Africa's largest mezzanine fund manager — announced on Wednesday that it provided $10m in mezzanine debt funding to Compass Capital — a leading Egyptian private equity firm — to acquire six grade A office buildings in east (...)
التهمت ألسنة النيران أكثر من 25 ألف قطعة أثرية في متحف جنجو غربي الكونغو، بعد نشوب حريق وصف ب"مجهول المصدر".
اقرأ أيضًا: تنظيم «داعش» يتبنى هجومًا إرهابيًا شرق الكونغو الديمقراطية
وقال مؤسس ومدير متحف جونجو الواقع في مقاطعة كويلو أريستوت كيبالا، في (...)
التهمت ألسنة النيران أكثر من 25 ألف قطعة أثرية في متحف "غونغو" غربي الكونغو، بعد نشوب حريق وصف ب"مجهول المصدر".
وقال مؤسس ومدير متحف "غونغو" الواقع في مقاطعة كويلو أريستوت كيبالا، في تصريحات نقلتها وسائل الإعلام المحلية، إن "حريقا اندلع ليل الخميس (...)
انهار مبنى سكني مكون من 21 طابقا في لاجوس في نيجيريا، وبحسب المعلومات فهناك 50 شخصا على الأقل لا يزالون تحت الأنقاض.
VIDEO: Many feared dead as 17 storey building collapses in Ikoyi, Lagos State. pic.twitter.com/SDniFPzLX1
— Eons Intelligence (...)
AZHARITES IN KABUL: On the afternoon of 24 August, Al-Azhar University teacher Shawki Abu Zeid landed on a military plane in Cairo after having been evicted from Kabul in the wake of the Taliban takeover of the capital of Afghanistan.
The trip from (...)
South Africa is interested in hosting FIFA's Club World Cup in December after Japan withdrew because of COVID-19, South African Football Association president Danny Jordaan said Monday.
Jordaan told The Associated Press he would meet with FIFA (...)