AfDB approves $139 million loan for Johannesburg Modernization
The African Development Bank approved a landmark $139 million loan to Johannesburg Tuesday, marking the institution’s first direct lending to a municipal entity as South […]
Finance
Senegal’s President Diomaye Faye Attends UN Conference to Champion Africa’s Economic Sovereignty
Senegalese President Bassirou Diomaye Faye is participating in the 4th International Conference on Financing for Development, held from 29 June to 2 July 2025 in […]
Nigeria Overhauls Tax System with New Laws to Ease Burden on Poor and Boost Revenue
President Bola Tinubu has signed on June 26 four pivotal finance bills into law, signalling a landmark reform of Nigeria’s tax regime. The newly enacted […]
Nigeria’s Revenue Hits N6.9 Trillion in Q1 Amid Reforms, Transparency Drive
Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced on Monday, June 23 that federal revenue rose to N6.9 trillion in […]
World Bank Applauds Mauritania’s Economic Stability Amid Slower Growth in 2024
The World Bank has commended on June 19 Mauritania for maintaining macroeconomic stability despite a slight slowdown in economic growth in 2024, which stood at […]
World Bank Approves $250 Million for Morocco’s Social Protection Reform
The World Bank has approved a $250 million financing package to support Morocco’s comprehensive social protection reform, marking a significant boost to the country’s efforts […]
Senegal Delays Budget Data, Push to Rebuild Investor Confidence After Debt Scandal
Senegal’s Ministry of Finance has postponed the release of its budget execution reports for the last quarter of 2024 and the first quarter of 2025 […]
Angola: ATIDI Facilitates US$724 Million Boost for BITA Water Project
In a strategic move to advance Angola’s water infrastructure, the African Trade and Investment Development Insurance (ATIDI) has enabled, on June 17, US$724 million in financing […]
South Sudan: President Kiir Shakes up Financial Leadership
President Salva Kiir of South Sudan has dismissed on June 9 the Governor of the Bank of South Sudan, Johnny Ohisa Domian, in the midst […]
Mozambique’s External Deficit Widens
Mozambique experienced increasing pressure on its external accounts in 2024, with the combined current and capital account deficit widening to $2.23 billion, representing 10.1% of […]