Browsing Tag

billion

Mozambique unveils $80 billion energy transition plan


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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 applies to join BRICS, contribute $1.5 billion


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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…

DRC: UAE, state-owned mining company sign $1.9 billion deal


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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…

UN seeks $2.6 billion for humanitarian needs in Sudan


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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…

Italy, Libya sign $8 billion gas deal


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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 appeals $2.6 billion for Mideast, North Africa


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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…

IMF, Ghana agree on $3 billion financial deal


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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…

Tunis summit: Japan pledges $30 billion in African aid


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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…

Tunisia to borrow $7 billion in 2022


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The Tunisian government has revealed plans to borrow $7 billion more from foreign lenders and domestic sources to stimulate the country’s economy next year. According to the Tunisian finance minister Sihem Boughdiri, the 2022 finance law…