billion

Ethiopian lawmakers on Tuesday approved the government's plan to increase spending by an additional 581.98 billion Ethiopian birr ($4.8 billion) for the 2024/25 fiscal year, a parliament broadcast showed. The extra spending approved by…

Transport is essential in global contexts, yet it often comes with high costs in many regions of Africa. Sub-Saharan Africa, in particular, depends heavily on road transport. As populations grow, many people cannot afford their own…

Mozambique has greenlit a ground-breaking energy transition plan set to span until 2050, with the goal of securing investments totalling approximately $80 billion. The comprehensive strategy aims to propel the nation towards a more…

Algeria has applied to join the BRICS group and submitted a request to become a shareholder member of BRICS Bank with an amount of $1.5 billion, Algerian President Abdelmadjid Tebboune said. It added that Tebboune said at the end of his…

The United Arab Emirates have signed a $1.9 billion deal with a state-owned mining company in the Democratic Republic of Congo, the Congolese president said on Monday. President Félix Tshisekedi announced Monday evening that a government…

The United Nations humanitarian response plan is seeking $2.56 billion to help people affected by the crisis in Sudan, a senior U.N. official said on Wednesday, while the U.N. refugee agency is also seeking more funding to assist those…

Italian energy giant Eni signed an $8 billion gas deal with Libya's state-run National Oil Corporation as Prime Minister Giorgia Meloni visited Tripoli. European governments have been scrambling to find alternatives to Russian gas since…

UNICEF has appealed for $2.6 billion to meet the growing needs of children in the Middle East and North Africa. These funds are intended to provide lifesaving assistance to more than 52.7 million children in need in the Middle East and…

Ghana has reached an agreement with the International Monetary Fund on a $3 billion bailout loan, the IMF announced, as the country faces a severe economic crisis. Already burdened by high debt, Ghana is facing historic inflation of more…

The summit between Japan and Africa ended on Sunday with a promise of $30 billion in investment in African aid. Speaking via video link, Japanese Prime-Minister, Fumio Kishida, also promised to pressure for an African seat at the UN…