Nigeria needs $1 bln budget support loan from AfDB
The African Development Bank (AfDB) on Tuesday said the federal government of Nigeria had requested a ‘Budget Support Loan’ of $1 billion to enable it […]
Finance
Nigerian President Rejects Naira Devaluation
Nigeria’s president Mohammed Buhari on Wednesday rejected calls to devalue the country’s currency, the Naira. While on a state visit to Kenya, Muhammadu Buhari has […]
Côte d’Ivoire forecasts a 9.8% GDP growth in 2016
Côte d’Ivoire is hoping to achieve 9.8 percent economic growth this year, Budget Minister Abdourahmane Cisse told reporters on Thursday. The French-speaking West Africa’s largest […]
Togo inks US$194 million agreements with IDB
The Togolese government on Wednesday, signed several funding agreements worth $194 million with the Islamic Development Bank (IDB), in Jeddah, during the visit to Saudi […]
Egypt seeks $1bln loan from China
Egypt’s central bank is expected to borrow one billion dollars in a concessional loan from China to help shore up its foreign reserves. The loan […]
Zambia almost ready to host AfDB’s annual meeting
Zambia is expected to host the African Development Bank (AfDB) annual meeting with the development expected to create an opportunity for the country to showcase […]
Ghana: Inflation continues to rise
Ghana’s inflation for the month of December 2015 increased to 17.7% compared with the 17.6% recorded in December 2015, the statistical body told reporters in […]
Nigeria calls OPEC Nations for emergency meeting in March
The 13 members of the Organization of Petroleum Exporting Countries “may hold an emergency meeting in the first quarter if prices remain at current levels,” […]
I am not here to negotiate loan – IMF boss to Nigerians
As part of the efforts to revive Nigeria’s economy, which is Africa’s largest; Nigerian President Muhammadu Buhari on Tuesday holds talks with the head of […]
South Africa to import 5 mln tonnes of maize in 2016
South Africa Agriculture Minister, Senzeni Zokwana on Monday said his country may start importing white and yellow maize from the United States through the AGOA […]