World Bank unveils $16 bln to combat climate change in Africa
The World Bank on Tuesday unveiled a new plan that calls for 16 billion U.S. dollars to help African countries adapt to climate change. “The […]
Finance
Nigeria: Ex-Banker Appointed Finance Minister
Five months after taking office in Africa’s largest economy and biggest oil exporter, Nigerian President Muhammadu Buhari named former investment banker, Kemi Adeosun, to take […]
Morocco: IMF revisits Morocco’s 2016 economic growth forecast
Morocco’s 2016 economic growth forecast has been slightly reduced from 3.7 to 3 per cent following a re-study of the projection by a team of […]
IMF sees Liberia’s economic growth slow to almost zero in 2015
The International Monetary Fund (IMF) said on Wednesday Liberia’s economic growth will slow to almost zero in 2015 as the country continues to recover from […]
IMF downgrades Sub-Sahara’s growth forecast to 3.75% for 2015
In its latest African Economic Outlook released on Tuesday under the title “Dealing with the Gathering Clouds,” the International Monetary Fund (IMF) said that sub-Saharan […]
Egypt appoints new central bank governor
Governor of the Central Bank of Egypt, Hisham Ramez, resigned and will be replaced by Tarek Amer, a former chairman of the country’s largest commercial […]
Uganda’s central bank raises benchmark rate to 17.0%
Uganda’s central bank raised its benchmark interest rate for the fifth consecutive meeting after a weaker currency boosted inflation to a two-year high. The bank […]
Angola cuts budget by 50% as oil prices fall
The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices. Vice President Manuel Vicente […]
Nigeria: IMF urges central bank to review forex policy
The African Department Director at the International Monetary Fund (IMF) Antoinette Sayer has called on the Central Bank of Nigeria (CBN) to review its foreign […]
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 […]