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 […]
Finance
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 […]
AfDB wins top infrastructure award for Africa’s largest wind power project in Egypt
The African Development Bank (AfDB) has won the prestigious “Infrastructure Deal of the Year” award at the 2025 African Banker Awards for its leading role […]
IMF Approves New Disbursement for Central African Republic Amid Mixed Reform Progress
The Executive Board of the International Monetary Fund (IMF) has concluded the third and fourth reviews of the Extended Credit Facility (ECF) arrangement for the […]
Morocco Opens Electronic Payment Market to Foster Financial Inclusion
Morocco’s Competition Council has approved groundbreaking reforms opening the electronic payment terminal (EPT) market to multiple operators starting May 1, 2025, ending the Interbank Electronic […]
South Sudan Embarks on Digital Salary Reform Amidst Infrastructure Hurdles
In a concerted effort to enhance fiscal transparency and streamline salary disbursements, South Sudan’s Ministry of Finance and Planning, in collaboration with the Bank of […]
Senegal Shifts Gears Toward Self-Reliance Through Domestic Revenue Overhaul
Facing the fiscal pressures of suspended international support, Senegal is pivoting toward a bold path of economic sovereignty by intensifying domestic tax compliance. Prime Minister […]
Congo powers ahead: World Bank commits $1bn to Inga III hydropower revival
The Democratic Republic of Congo (DRC) has secured a $1 billion commitment from the World Bank to jumpstart the long-stalled Grand Inga hydropower project, potentially […]