Browsing Tag

billion

Ruto states Kenya requires Sh106 billion for police reform implementation

President William Ruto during an event at the Kenya School of Government on September 16, 2024. Image: PCS During an event brimming with anticipation yesterday, President William Ruto unveiled an ambitious plan requiring Sh106 billion to invigorate the National Police Service, Kenya Prisons Service, and the National Youth Service with much-needed reforms. Originally envisioned by a task force helmed by ex-Chief Justice David Maraga, these sweeping policing reforms were long-awaited. With palpable sincerity, Ruto shared…

China Commits $51 Billion to Africa, Vowing Employment Opportunities, Infrastructure Development, and Sustainable Energy Solutions

China Commits $51 Billion to Africa: A Pledge for Jobs, Infrastructure, and Sustainable Energy In a significant address to representatives from over fifty African nations, Xi Jinping declared, "We have built roads, railways, schools, and hospitals together, transforming countless lives." This statement underscores China's determination to forge a "shared future" with Africa while advancing development across the Global South. Chinese state media reports that the colossal $51 billion commitment includes about $29.6 billion…

China to give Africa $50 billion over next three years

Thursday's China-Africa forum produced a myriad of agreements between China and more than 50 African countries in areas ranging from industry and agriculture to natural resources and investment, including a pledge by Chinese leader Xi Jinping that the economic powerhouse would allocate $50 billion to the continent over the next three years.

Erdogan guarantees EUR 2.5 billion in investments

Abiy Ahmed visited Ankara on Wednesday, August 19, where he met his Turkish counterpart Recep Tayyip Erdogan. A visit organized on the 125th anniversary of diplomatic relations between the two countries. The program of the meeting included military relations around the Tigrayan conflict but also obstacles to rebirth, economic…

Tanzania relaunches $ 10 billion port undertaking with China, India

Tanzania relaunches $ 10 billion port undertaking with China alongside Indian Ocean TANZANIA - The Tanzanian authorities has relaunched a $ 10 billion port take care of China, which is anticipated to be constructed alongside the Indian Ocean coast, and which may very well be the biggest of the Japanese and Horn areas. Africa, and maybe China's greatest funding in Africa. In 2013, Chinese…

Mastercard offers AU $ 1.3 billion dollars

The announcement was made on Tuesday in New York. This is the largest private donation for the purchase of anticovid vaccine to date. The money will be handled by the Center for Disease Control and Prevention, set up by the African Union. Less than 2% of the continent's population has received a dose of the vaccine. We are…

France lends $ 1.5 billion to Sudan

France will assist Sudan, closely indebted and dedicated to a democratic transition, settle its money owed with the Worldwide Financial Fund (IMF) by lending $ 1.5 billion, Financial system Minister Bruno Le Maire introduced on Monday, Could 17. France will work to "free Sudan from its debt burden as quickly as doable", says…

The UAE and Ethiopia signal $ 1 billion Settlement on building of street to

The UAE and Ethiopia signal $ 1 billion Settlement on building of street to Somaliland's Berbera port ADDIS ABABA, ETHIOPIA - The United Arab Emirates and the Federal Republic of Ethiopia could have shifted their consideration to Somaliland, an outlying area of Somalia, following the latest settlement to construct a serious street connecting Addis Ababa and Berbera. DP-World, a…

Tax evasion costs Africa $ 25 billion a year

Tax evasion costs Africa more than $ 25 billion a year, according to a study by a network of NGOs, including the Global Alliance for Tax Justice. At a time of the fight against the Covid-19 pandemic, this flight is considered "unacceptable", in fact it reduces the revenue that African countries could devote to their health.…

Cemac has found EUR 3.8 billion in investments for its infrastructure

EUR 3.4 billion to add to the 600 million already acquired, this is the amount that the economic and monetary community of Central African countries came to Paris to seek from potential public and private creditors, during a round table two days. Cemac received 3.8 billion. The least developed sub-region on the African…

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