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Finance

Egyptian expatriates’ remittances surge to $2.7 billion following financial reforms

November 26, 2024 Geraldine Boechat 0

Remittances from Egyptians working abroad have experienced remarkable growth following a series of financial reforms implemented in March 2024, the Central Bank of Egypt (CBE) […]

IFC-Egypt: Agreement on aspects of airport privatization plan

November 25, 2024 Khalid Al Mouahidi 0

The International Finance Corporation (IFC) announced substantial progress in its discussions with the Egyptian Government regarding the country’s airport privatization program. During a meeting on […]

Moody’s projects 5% growth for Egypt’s economy in next fiscal year

November 23, 2024 Geraldine Boechat 0

Credit ratings Agency Moody’s has expressed confidence in Egypt’s economic future, forecasting a 5% growth rate for the upcoming fiscal year, building on an estimated […]

European Union Backs Cameroon’s Infrastructure Development with Major Loan

November 20, 2024 Pawla Nibramich 0

The European Union has committed to a €91-million-loan package to strengthen Cameroon’s infrastructure over the next three years. The agreement, announced in Yaoundé, aims to […]

Cape Verde : Year-on-year inflation accelerated to 1.7% in October

November 18, 2024 Steven Addamah 0

In October 2024, Cape Verde’s inflation rate stood at 1.0%, according to data released by the National Statistics Institute (INE) on November 16. The Consumer […]

Angola saves $48.5 million with new IMF surcharge policy

November 18, 2024 Steven Addamah 0

Angola is projected to save approximately $48.5 million in payments to the IMF (International Monetary Fund) in the upcoming fiscal year, thanks to the implementation […]

Angola: UNITA declares opposition to 2025 budget

November 15, 2024 Steven Addamah 0

On November 14, UNITA, Angola’s largest opposition party, announced its decision to oppose the proposed 2025 State Budget, arguing it neglects the needs of the […]

Angolan economy grew 4.1% on average in the first two quarters

November 15, 2024 Geraldine Boechat 0

Angola’s GDP grew by an average of 4.1% over the first two quarters of 2024, the Government announced on Thursday November 14, while also committing […]

Morocco gets IMF $415 mln climate resilience loan

November 14, 2024 Khalid Al Mouahidi 0

The Executive Board of the International Monetary Fund (IMF) approved a financing of 415 million dollars under Morocco’s Resilience and Sustainability Facility (RSF). The loan […]

Niger finalizes agreement with IMF for $43 million disbursement

November 12, 2024 Geraldine Boechat 0

Recognizing the positive performance of Niger’s economy, an IMF delegation in Niamey reached an agreement with the ruling military Government on November 11 to disburse […]

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