EU Renews Sanctions on Burundi until Oct. 2017
The European Union (EU) has renewed its restrictive sanctions against Burundi until the end of October 2017, the bloc’s council said in a statement on […]
Finance
EU to Provide $50 billion to Combat Migration in Africa
The European Union (EU) will disburse about 50 billion dollars for Africa and the Mediterranean as part of the bloc’s investment plan aimed at helping […]
Ethiopian to Head IMF’s Africa Department
The International Monetary Fund (IMF) on Thursday appointed Ethiopian Abebe Aemro Selassie as the new head for its African department. Selassie’s appointment was announced in […]
Côte d’Ivoire: USA Lifts 10-Year-Old Economic Sanction
The US government on Tuesday lifted economic sanctions imposed on Côte d’Ivoire in 2006 by the former president Georges Bush, citing advancing democracy in the […]
South Sudan’s Inflation Hits 600%
South Sudan’s National Bureau of Statistics on Wednesday said the war-torn nation’s inflation rate hiked by more than 600 percent in July. “Everything here comes […]
Mozambique: IMF Official Appointed Central Bank Governor
Rogerio Lucas Zandamela, a senior International Monetary Fund official has been appointed as governor of the central bank of Mozambique, the presidency said in a […]
Nigeria’s Central Bank Suspends 9 Banks from the FX Market
Nine banks in Nigeria have been barred from the foreign exchange market, local news reported on Wednesday. The move comes after the banks reportedly failed […]
Tunisia ailing economy grew 1.4% in Q2
Tunisia’s Statistics Institute on Wednesday said the North African nation’s economy grew by 1.4 percent in the second quarter of 2016, compared with 1.1 percent […]
Malawi: Inflation Rate Increases to 22.6% in June
The national statistics office of Malawi, on Monday, said the country’s inflation has accelerated to 22.6 percent year-on-year in June from 21.5 percent in May, […]
Djibouti, IDB ink $75 mln fuel imports deal
Djibouti energy minister on Tuesday said the Horn of Africa nation has inked a $75 million financing agreement with the International Islamic Trade Finance Corporation […]