Kenya: Parliament to Raise Deposit Guarantee after Bank Closures
Lawmakers in Kenya are considering a proposal to raise the amount of bank deposits guaranteed in case of a collapse by 20 times to $19,800 […]
Finance
Ghanaian Economist Gets Senior World Bank Job
The World Bank Group this weekend appointed Ghanaian economist Victoria Kwakwa as the new Regional Vice-President for the bank’s East Asia and Pacific region. According […]
Nigeria Has not Applied for IMF Assistance, Finance Minister
Nigeria’s Finance Minister, Kemi Adeosun said over the weekend that the West African nation has not applied for financial assistance from the International Monetary Fund […]
Ghana: New Central Bank Governor to Tackle Inflation, Revamp Growth
Ghana’s new Central bank Governor, Dr Nasiru Issahaku said his top priority is to tackle inflation in the West African nation and pursue new fiscal […]
South Africa: Ford to invest $170m, Create 1,200 Jobs
The American giant Ford Motors said it is investing $170 million to expand operations in South Africa in a move that will bring more of […]
Angola Seeks IMF Help to Address Economic Challenges
Angola, Africa’s second largest crude producer, on Wednesday said it plans to start talks with the International Monetary Fund about a loan to help its […]
Mozambique Ailing Economy Gets Support from AfDB
The African Development Bank (AfDB) on Monday said it will disburse $1.7 billion to assist Mozambique, hard hit by the slump in commodity prices. The […]
S. Sudan Introduces New Currency Denomination
South Sudan Central Bank on Monday introduced new currency denominations in the monetary system, replacing the 25 pound note with 20 pound and changed the […]
Egypt: Tourism Falls by almost 50%, Italy Announces Boycott
Egypt’s Central Agency for Public Mobilization and Statistics (CAMPAS) has revealed that the number of tourists in February fell by 45.9% compared to the same […]
Libya: GNA Freezes State Finances
The Government of National Accord (GNA) backed by the UN and most western countries announced that it was freezing government funds and that accessing the […]