Editorial Team

Afreximbank concludes package of loans valued at US0 million for Zimbabwe's CBZ Bank

Afreximbank concludes package of loans valued at US$190 million for Zimbabwe's CBZ Bank

CAIRO, Egypt, July 31, 2026/APO Group/ — African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has concluded financing facilities totalling US$190 million for CBZ Bank Limited of Zimbabwe, which is expected to support Zimbabwe’s economic growth. In three separate facility agreements, signed in El Alamein, Egypt, by Haytham Elmaayergi, Executive Vice President, Global Trade Bank, Afreximbank, and Valeta…

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Data Center Boom Sparks Battle Over Power Costs, New Regulations

California’s growing network of data centers is drawing increased scrutiny from lawmakers and local communities as concerns mount over rising electricity costs. The state contains around 300 data centers which supports online banking, video conferencing, cloud computing and artificial intelligence, according to CBS News. This comes as California lawmakers consider bills to regulate data centers….

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N2.8trn debt: FG ends electricity subsidy, assures no tariff hike

N2.8trn debt: FG ends electricity subsidy, assures no tariff hike

By Adewale Sanyaolu The Federal Government on Friday ruled out any immediate increase in electricity tariffs but unveiled plans to begin phasing out electricity subsidies from 2027 as part of sweeping reforms aimed at rescuing Nigeria’s financially distressed power sector. Minister of Power, Joseph Tegbe, disclosed the plan at a Media Stakeholders Session in Lagos…

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