Browsing Tag

Exporter

Africa’s #2 Oil Exporter Reduces China-Backed Loans Amid Market Shifts

Angola’s Evolving Debt Dynamics: A Sustainable Financial Future As Angola gears up for the close of the financial year, there’s a palpable sense of cautious optimism within its fiscal corridors. The country’s oil-backed debt to China is projected to decrease to a more manageable range of $7.5 billion to $8.0 billion. This insight comes directly from Dorivaldo Teixeira, the Director of the Debt Management Unit at the Finance Ministry, who stands at the forefront of this fiscal undertaking.…

Dangote Celebrates Nigeria’s Rise as Africa’s Top Cement Exporter

Dramatic Shift in Nigeria's Cement Industry: A Success Story of Local Investment In a remarkable transformation, Nigeria—once known as the second-largest importer of cement globally—has now emerged as the continent's leading exporter. Aliko Dangote, the influential President of the Dangote Group and Africa’s richest man, recently highlighted this pivotal shift at the Gates Foundation Goalkeepers event held in Nigeria. His discourse didn’t just reflect facts; it was a celebration of progress forged through vision and…

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