IMF Receives Formal Request for New Financing Programme from Kenya
The International Monetary Fund (IMF) has confirmed that it has received a formal request from Kenyan authorities for a new financing programme and will engage […]
Finance
Africa’s CDC warns of impact of US funding cuts on continent
US aid cuts would harm Africa’s efforts to counter disease outbreaks and would leave many health systems in the continent in disarray, head of the […]
Egypt: C3 Capital Fund 1 Launched to Boost Liquidity and Growth in Capital Markets
In a pioneering move for Egypt’s financial landscape, Compass Capital and CI Capital have joined forces to establish the country’s first onshore private equity fund, […]
Ghana Cancels COVID-Era Taxes, Raising Concerns Over Fiscal Sustainability Amid Ongoing Economic Crisis
Ghana’s new Government has announced the removal of several COVID-era taxes, which were introduced as part of an effort to secure financing from the International […]
Bank of Cape Verde raises main interest rates by 25 basis points
On March 1, the Bank of Cabo Verde (BCV) announced an increase in its key interest rates, raising them by 25 basis points. This adjustment, […]
Nigeria’s Economy Sees Strongest Growth in Three Years in Q4 2024
Nigeria’s economy experienced its fastest growth in three years during the fourth quarter of 2024, with a year-on-year increase of 3.84%. This marked a significant […]
US aid freeze puts Africa’s strategic Lobito railway project at risk, leaving room for China’s influence
A billion-dollar expansion of Africa’s most important US-backed critical minerals transport project is now in jeopardy due to a freeze on foreign aid imposed by […]
Nigeria’s Inflation Rate Drops Following Major Statistical Overhaul
Nigeria’s annual inflation rate dropped significantly to 24.48% in January 2025, following the rebasing and updating of the country’s price index for the first time […]
Liberian President Launches Anti-Corruption Drive with Mass Suspensions
President Joseph Boakai has taken decisive action against corruption in Liberia by suspending over 450 top government officials, including cabinet ministers, for failing to declare […]
World Bank Report Highlights Ghana’s Vulnerability to Global Economic Shocks
A recent World Bank report has warned that Ghana remains highly vulnerable to global economic shocks, largely due to its reliance on oil-driven growth and […]