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 […]
Finance
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 […]
Egypt to Ban Rice Exports as of April 4
Egyptian minister of Industry and Foreign Trade Tarek Qabil on Friday said the North African nation will ban rice exports as of April 4 in […]
Ghana: Central Bank Governor Steps Down
By Emmanuel Vitus, Accra, Ghana After overseeing one of the most disastrous performances of the local currency, the cedi and the collapse of the hitherto […]
AfDB, Zambia Ink $125 million Concessional Loan
The Zambian government on Tuesday announced that it has reached an agreement with the African Development Bank to borrow $125 million on concessional terms for […]
Egypt: There is no Currency Crisis, Central bank Governor
Governor of the Egyptian Central Bank Tarek Amer in a pre-recorded interview aired on a local television on Saturday denied the existence of a currency […]
Zambia Seeks IMF’s Help to Revamp Ailing Economy
Zambia has begun talks with the International Monetary Fund over an aid program to revamp the country’s ailing economy, officials said on Friday. The international […]
Benin: ECOWAS Deploys Observers for March 20 Polls
The Economic Community of West African States (ECOWAS) will deploy a team of 70 observers led by former Guinean Prime Minister Kabine Komara, to monitor […]