Namibia’s Central Bank, on Wednesday, announced it is further easing home loan curbs to revitalise the country’s long-depressed housing and construction sectors. The Bank of Namibia said construction sector had experienced lengthy periods of depressed growth. Dampened credit extension to the property market compounded the depressed growth. The bank predicts GDP growth will fall to […]
The Asian Development Bank (ADB) has approved $190 million in additional funding for ongoing Rural Connectivity Improvement Project in Bangladesh. Masahiro Nishimura, Principal Rural Development Specialist of Environment, Natural Resources, and Agriculture division in the South Asia department of the ADB, announced the approval in a statement Tuesday. “This is ADB’s second additional financing for […]
The African Development Bank (AfDB) has appointed a new director for Syndication, Co-financing and Client Solutions Department, effective July 1. He is Mr Max Magor Ndiaye. Ndiaye is a structured finance, risk management and capital markets professional with 20 years of international public and private sector experience. Before this appointment, he served as the Acting […]
Angolan President Joao Lourenco, on Monday, said the country should start constructing warships and invest in building shipyards. Initiating warship construction in Angola could lay the groundwork for the country’s naval industry, the president, told a ceremony marking the 47th anniversary of the Angolan Navy. Lourenco is also Angola’s commander-in-chief of the armed forces. He […]
Most NATO members stand together with Ukraine and the alliance’s upcoming Lithuania summit must confirm Kyiv is a de facto member, President Volodymyr Zelenskyy says. Zelenskyy also indicated, on Monday, that further pledges of arms supplies for Ukraine will be forthcoming at the Vilnius gathering. “The majority of the alliance stands firmly with us,” Zelenskyy […]
From Abdulfatah Babatunde Registrar of Joint Admissions and Matriculation Board (JAMB), Prof. Is-haq Oloyede, has stressed the need to build bridges across African nations to change the narrative of higher education through a bottom-up approach. Oloyede gave the advice in a presentation at the ongoing 22nd Conference of Rectors, Vice Chancellors and Presidents of African […]
Egypt has begun a $1.8 billion programme to drill natural gas exploration wells in the Mediterranean Sea and Nile Delta. Egyptian Petroleum Minister, Tarek El Molla, disclosed this to UAE state news agency, WAM on Tuesday. The programme is in cooperation with Eni, Chevron, ExxonMobil, Shell and BP. The aim is to drill 35 exploration […]
The Association of African Universities (AAU) has just honoured Emeritus Professor Peter Okebukola of Nigeria as a Goodwill Ambassador of Higher Education in Africa. Okebukola received the award during the opening of the 22nd Conference of Rectors, Vice Chancellors and Presidents of African Universities (COREVIP). The NewsZenith reports that the five-day biennial conference is an […]
Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters – Saudi Arabia and Russia – against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42 per cent, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at $70.96 […]
Senegal President Macky Sall in a speech on Monday said he would not run for reelection next year, thus ending speculation that he would seek a third term. His critics said would have been illegal for him to seek a third term. Rumours that Sall would try to extend his stay in power have fuelled […]