Tag: billion

Africa: Nigeria-South Africa Trade Hits U.S.$2.9 Billion

The volume of trade between Nigeria and South Africa hit $2.9 billion last year with expectation of it rising further with the African Continental Free Trade Area (AfCFTA) agreement. Nigeria’s Consul General, Malik Abdul, in a statement noted that Nigeria accounts for 64 per cent of South Africa’s trade in West Africa and is one

HORN OF AFRICA : World Bank considers billion-dollar investment in electricity infrastructure for Horn

The five Horn of Africa countries – Kenya, Somalia, Djibouti, Ethiopia and Sudan – could be in line for financing to the tune of $1.035bn from the World Bank. Source link

Zimbabwe: Illicit Financial Flows Cost Zimbabwe Over U.S.$12 Billion

Transparency International Zimbabwe (TIZ) said IFFs have cost Zimbabwe over US$12 billion in last three decades ending in 2015, with corruption acting not only as a direct source, but a conduit facilitating other commercial forms of illicit flows. Addressing the Mines and Mineral Development- Parliamentary Portfolio Committee, TIZ programs director Tafadzwa Chikumbu said across the