The #imf approved an injection of $500 million for #cotedivoire to help the country face the economic #challenges caused by the #covid19 pandemic #International #Business #Africa #Channel
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#kenya has requested a $1 billion loan from #china to #complete road #construction projects in the country. These funds will be used to #complete #road #construction works in different #regions of the country, which is expected to improve #Kenya's #transport #infrastructures and boost economic growth. The Kenyan #government also said these #projects will create jobs for local #workers and encourage foreign #investments in the country. However, some #critics have expressed concern over Kenya's ability to #repay this loan, as well as the #country's growing #dependence on #China for #financing and #development #economic #International #Business #Africa #Channel
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Burkina Faso inaugurated its ADIPROD INDUSTRIES SA industrial complex in the town of Bobo Dioulasso. Which marks another stage in the economic development of the country, with the aim of being exporters of finished products. #International #Business #Africa #Channel
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En seulement 10 mois, l'Éthiopie a fait sensation sur le marché mondial du café en exportant 209 000 tonnes de cette précieuse denrée, générant ainsi un milliard de dollars de recettes. Cette performance remarquable représente une nette amélioration par rapport à l'année précédente, témoignant de l'ascension fulgurante de ce pays d'Afrique de l'Est dans le secteur caféier. #International #Business #Africa #Channel
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Nigeria, long regarded as Africa's oil giant, has ceded its position as the continent's leading producer of crude oil to Libya. This change of direction is explained by declining Nigerian production, which has proved unable to compete with Libya's rise.
Libya is set to overtake Nigeria as Africa's top oil producer in March 2024 with 1.24 million barrels per day.
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