UN, IMF, IDB seek billions to rebuild Middle East
The United Nations, the World Bank and the Islamic Development Bank announced a joint initiative on Saturday to scale-up financing in the Middle East and […]
Finance
Egypt ventures into Iraq for oil
Egypt has acquired 10% of the concession of Kuwait Energy, a private firm, on an oilfield in Basra, southern Iraq. Egyptian Petroleum minister Tarek El-Molla […]
Nigeria: Central Bank to retain forex controls amid slow growth
Nigeria’s central bank plans to retain foreign currency controls because of concerns about slowing growth rate, a senior bank official said on Wednesday as Africa’s […]
Chad: Boko Haram plunges GDP forecast to 1%
The International Monetary Fund (IMF) said on Friday that Chad’s GDP will contract to 1 percent this year as compared to the 5 percent growth […]
Algeria-EU: Algiers rejects EU’s media project grant
Algerian Minister of Communication rejected Thursday EU’s grants for Algeria’s communication and media reforms. EU’s Foreign Policy Chief Federica Mogherini who was visiting Algeria could […]
Mali: Weakening manufacturing output to slow economy to 4.9 %
Mali’s economic growth is set to slow this year to 4.9 percent, because of weakening manufacturing output, despite a strong harvest, the International Monetary Fund […]
Guinea: China to build $2 bln hydropower dam
Guinea is in talks with China International Water & Electric Corp. to build a $2 billion hydropower dam that would boost the West African country’s […]
Ghana: Central Bank increases benchmark interest rate
The Bank of Ghana increased the policy rate by 1 percentage point, Governor Kofi Wampah told reporters in the capital, Accra after the 66th regular […]
Liberia-IMF: “Stay the course to improve economy,” Lagarde
IMF Managing Director Christine Lagarde arrived in Liberia Thursday to celebrate the resilience of the Liberian people and the leadership of President Johnson Sirleaf in […]
EU to curb African migration with €1.8 Bln fund
The European Commission head Jean-Claude Juncker said on Wednesday that the European Union (EU) is setting up a €1.8 billion trust fund to help curb […]