Zimbabwe: IMF forecasts lower growth after exports dropped
The International Monetary Fund (IMF) on Wednesday lowered Zimbabwe’s growth forecast for this year to 1.5 percent from 2.8 percent, blaming lower commodity exports of […]
Finance
Nigeria to fight oil theft with drones – NNPC boss
Nigeria’s state oil company NNPC is set to deploy drones to check the movements of ships in the country’s waters in a bid to free […]
Cote d’Ivoire: New AfDB boss to focus on economic empowerment of women, youth
Dr. Akinwumi Adesina, the new boss of the African Development Bank (AfDB) said he will focus his first term on expanding opportunities and unleashing economic […]
Ghana: IMF to release second tranche of bailout
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
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
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
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
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
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
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, […]