The European Investment Bank (EIB) has opened an office in Ethiopia, a statement said on Thursday. Pim van Ballekom, Vice President for Sub-Saharan Africa at the EU member state-owned EIB, said the office would also manage relations with the AU Commission and other international organisations based in Addis Ababa.
The weaker euro and lower energy prices are supporting the German economy, giving Berlin room to bolster medium-term growth and reduce external imbalances, the IMF said on Wednesday. “The ongoing upturn is benefiting from the euro depreciation and lower energy prices and is underpinned by a healthy fiscal position and
Enterprise Ireland, an Irish government agency that supports Irish businesses, has announced that it will be accepting applications from foreign startups with focus on gaming, apps, mobile, software as a service (SaaS), cloud computing and fintech through its Competitive Start Fund initiative.
Greece Finance Minister, Yanis Varoufakis, on Monday announced his resignation after Greeks voted ‘no’ to eurozone debt management plans referendum. He said Athens through social media that Prime Minister, Alexis Tsipras, judged this decision “to be potentially helpful to him in reaching an agreement.
Greece government on Monday in Athens announced shutdown of its financial institutions for six business days starting Monday and placing strict limits on cash machine withdrawals. The measures are aimed at averting financial panic and the collapse of the banking system.
President Muhammadu Buhari President Muhammadu Buhari has said that he will seek the support of Europe, America and Nigeria’s neighbours in tackling the unemployment and security problems confronting the country.
Michel Arrion: says more Nigerian professionals in Europe The European Union (EU) says there are more Nigerian professionals in Europe than there are in Nigeria, warning that the development can be detrimental to the development of the country.
Africa Finance Corporation (AFC), an African supranational financial institution, priced its inaugural $750 million 4.375 percent 5-year international bond. This represents the first issue under AFC’s $3,000,000,000 Global Medium Term Note Programme.
European Union (EU) leaders have pledged to triple fund for search and rescue operations aimed at migrant boats in the Mediterranean sea, following the crisis that claimed more than 750 lives. The member states at the emergency summit convened in Brussels on Thursday, agreed to triple funding to $9.
Italy calls for emergency EU meeting this week • “A tragedy is unfolding in the Mediterranean” – Malta PM As many as 700 people were feared dead after a fishing boat packed with migrants capsized off the Libyan coast overnight in what officials said may be the Mediterranean’s worst disaster
The Italian coastguard says hundreds of people are feared to have drowned after a boat carrying up to 700 migrants capsized in the Mediterranean Sea. But after a couple of days at sea, in the dark of night on Saturday, the ship was in distress in the Mediterranean and sent