Since 2021, the US government said that it has helped close more than 800 two-way trade and investment deals across 47 African countries for a total estimated value of over USD 18 billion, and the US private sector has closed investment deals in Africa valued at USD 8.6 billion.
The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from USD 54 million in 2021. A further increase to USD 266 million has been predicted for 2023.
"ECGC is reluctant to issue the coverage to EXIM bank because of the default committed by Sri Lanka and Zambia. This is adversely affecting the overall export performance of Indian exporters,"
said PHDCCI President, Saket Dalmia.
"The police team recovered 13 mobile phones, 4 laptops, passports of different countries and three internet routers from them. The four accused are from different countries in Africa namely Zambia, Ghana, Namibia and Uganda," said Deputy Commissioner of Police (DCP) Cyber Police Balsingh Rajput.
Bengaluru (Karnataka) [India], November 9 (ANI/GPRC): Techurate Systems Pvt Ltd, a Global Smart Banking technology company has launched Tigiverse. A digital service platform that embodies an ecosystem of product modules curated to effect a complete digital transformation of enterprise in the financial services industry. Tigiverse offers a wide bouquet of services ranging from mobile to internet banking to the evolving Web 3. O and Metaverse space. Tigiverse made a dazzling debut as Techurate's hero showcase at the Singapore Fintech Festival 2022, the largest FinTech Festival in the world and a knowledge platform for the global FinTech community.
Economic growth in Sub-Saharan Africa is set to decelerate from 4.1 per cent in 2021 to 3.3 per cent in 2022, as a result of a slowdown in global growth, rising inflation exacerbated by the war in Ukraine, adverse weather conditions, a tightening in global financial conditions, and the rising risk of debt distress.
Accra [Ghana]/Mumbai (Maharashtra) [India], November 5 (ANI/BusinessWire India): Senator, Dr Rasha Kelej, CEO of Merck Foundation and President of the "More Than a Mother" Campaign has been featured in the list of 100 Most Influential African Women 2022 for the fourth consecutive year, by a leading Rating that firm launches this annual publication to highlight and celebrate African women in leadership inspiring the next generation and changing the perception of women breaking bias and barriers in their career, business and life pursuits.
African countries feel that they have been trapped in Beijing's debt circle after China showed reluctance in lending financial support to them and diplomatic analysts described this move as a disturbing trend.
Hyderabad (Telangana) [India], October 21 (ANI/PRNewswire): ICOMM, a group company of Megha Engineering & Infrastructures Ltd (MEIL) and a market leader in developing and manufacturing Missile and Sub-systems, Communications and EW systems, Electro-optics, Shelters, Composites, as well as other systems technology such as drone and counter drones, signed a partnership agreement, following a previous Memorandum of Understanding (MoU) / agreement with CARACAL, a leading small arms manufacturer and entity within EDGE Group, UAE.
Gandhinagar (Gujarat) [India], October 19 (ANI): As a part of Defence Expo 2022, the second India-Africa Defence Dialogue was organised in Gandhinagar, Gujarat, said the Ministry of Defence on Wednesday.
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