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Category: Business

Africa Finance Corporation (AFC) Acquires Inaugural US$300 Million Facility From Export-Import Bank of China

BEIJING, China, October 10, 2018: Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose. The facility from CEXIM […]

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Insurance Not Luxury But A Necessity For Every Nigerian – CIIN

Mr Eddie Efekoha, the President of Chartered Insurance Institute of Nigeria (CIIN), on Monday expressed happiness on ways product creation in insurance industry is having positive impacts on Nigerian lives. Efekoha told News Agency of Nigeria (NAN) in Lagos that insurance products were now having direct positive impacts on lives of average Nigerians. “There are […]

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US Punishes Chinese Military For Buying Russian Fighter Jets

The Trump administration has imposed sanctions on the Chinese military for buying fighter jets and missile systems from Russia, in breach of a sweeping U.S. sanctions law punishing Moscow for meddling in the 2016 U.S. election. China’s Foreign Ministry has strongly urged the United States to withdraw the sanctions, according to spokesman Geng Shuang at […]

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