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Afreximbank, Uganda Development Bank Sign Project Preparation Financing Agreement

The implementation of the agreement is expected to help accelerate economic growth in Uganda through increased private sector investments in the targeted sectors August 12, 2024/Afreximbank African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have signed a Joint Project Preparation Facility Framework Agreement to provide early project preparatory […]

Algeria: AfDB Forecasts GDP of 4% in 2024, 3.7% in 2025 in Its Country Report 2024

According to the report, Algeria’s economic growth is supported by the oil and gas, industrial, construction and services sectors August 12, 2024/AfDB Algeria’s economic recovery is strengthening and its gross domestic product (GDP), which increased by 3.6 percent in 2022 and 4.2 percent in 2023, is set to be 4.0 […]

SEC Charges NovaTech and its Principals and Promoters with $650 Million Crypto Fraud

Multi-level marketing company promoted scheme to defraud more than 200,000 investors worldwide August 12, 2024/US SEC — The Securities and Exchange Commission today announced charges against Cynthia and Eddy Petion, along with their company, NovaTech Ltd., for operating a fraudulent scheme that raised more than $650 million in crypto assets […]