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Finance

UAE becomes Africa’s leading investor with staggering $110bn projects across continent

December 25, 2024 Geraldine Boechat 0

The United Arab Emirates (UAE) has rapidly become Africa’s leading investor, committing over $110 billion to new business projects across the continent from 2019 to […]

IMF releases immediate tranche of $47.4 million for Mauritania

December 20, 2024 Khalid Al Mouahidi 0

In a recent press release, the International Monetary Fund (IMF) announced the approval of an immediate disbursement of approximately $47.4 million (36.16 units of account) […]

Angolan President approves new loans worth $1.5 billion

December 12, 2024 Steven Addamah 0

The President of Angola João Lourenço has authorized the signing of financing agreements totaling $1.5 billion (€1.4 billion), according to a presidential order issued on […]

World Bank to mobilize record $100 billion for world’s poorest Nations

December 9, 2024 Steven Addamah 0

The World Bank (WB) announced on Friday, December 6, in Seoul that it will mobilize an unprecedented $100 billion over the next three years to […]

Kenya’s Central Bank Implements Bold Rate Cut to Boost Economic Growth

December 8, 2024 Pawla Nibramich 0

Kenya’s central bank has enacted a significant 75-basis-point reduction in its benchmark lending rate, lowering it to 11.25 percent in a decisive move to stimulate […]

Oxford Business Group Report: Mauritania advancing towards sustainable and inclusive growth

December 6, 2024 Khalid Al Mouahidi 0

Mauritania is proud of its diversified economy, with various sectors driving its robust economic growth, as highlighted in Report Mauritania 2025 by Oxford Business Group. […]

South Africa: Global Tensions Impact Currency Markets

December 5, 2024 Steven Addamah 0

South Africa’s rand weakened against major currencies as international investors shifted toward safe-haven assets amid escalating political uncertainty in South Korea. The currency movement reflects […]

Ghana Faces Constitutional Crisis Over Pre-Election Budget Deadlock

December 2, 2024 Pawla Nibramich 0

Electoral season complications threaten governmental operations in Ghana as parliamentary deadlock imperils critical budget legislation. Traditional provisional budget passage faces unprecedented obstacles, raising concerns about […]

IMF reaches Staff-Level Agreement to release $251 Million for Ethiopia

November 28, 2024 Steven Addamah 0

The International Monetary Fund (IMF) has reached on November 27 a key agreement with Ethiopia on the second review of its economic aid program, clearing […]

Mozambique’s Central Bank cuts interest rate to 12.75%

November 28, 2024 Geraldine Boechat 0

The Monetary Policy Committee (CPMO) of the Bank of Mozambique announced on November 27 a reduction in the monetary policy interest rate, known as the […]

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