Finance – Page 104 – Medafrica Times

Ghana: IMF to release second tranche of bailout

September 1, 2015 Khalid Al Mouahidi 0

The International Monetary Fund’s board on Monday approved a second disbursement of $114 million for Ghana to help it repay debt and stabilize the nation’s […]

Zambia: Lower economic growth foreseen as copper earnings drop

August 31, 2015 Geraldine Boechat 0

Zambia’s Ministry of Finance indicated on Sunday that slower economic growth and more fiscal deficit are expected this year as weak global demand for copper […]

Senegal-Gabon: BGFI Bank officially begins operations

August 23, 2015 Steven Addamah 0

Gabonese lender BGFI Bank SA, which operates in 10 countries, announced in a press release having officially started its activities in Senegal after winning a […]

Kenya announces plans to stabilize currency

August 22, 2015 Steven Addamah 0

Kenyan Finance Minister Henry Rotich promised further steps, including cutting the budget deficit, to stabilise the currency after a 12 percent fall against the dollar […]

Five Egyptian banks among Top 1000 World Banks

August 11, 2015 Khalid Al Mouahidi 0

The Banker magazine said five Egyptian banks have entered the top 1,000 world banks, alongside 78 other Arab banks, according to “Tier1Capital.” Egyptian banks that […]

UK launches ‘Tax Transparency Partnership’ with Ghana

August 8, 2015 Khalid Al Mouahidi 0

The UK government has announced plans to help Ghana step up its efforts to combat tax evasion, to help boost revenue and improve public services […]

Algeria scales up oil output by 32,000 bpd, officials

August 4, 2015 Khalid Al Mouahidi 0

The Algerian ministry of energy announced Sunday its crude oil production has increased by 32,000 bpd after the start of two other oil fields. Algeria, […]

Somalia’s imports must grow by 25% – IMF

July 31, 2015 Geraldine Boechat 0

The International Monetary Fund said on Thursday that Somalia’s imports must grow by about a quarter over the next three years to support a recovering […]