IMF releases $496mln for Morocco under climate-resilience scheme
The International Monetary Fund greenlighted this week the release of $496 million for Morocco under a Resilience and Sustainability Facility (RSF) to help the north […]
Finance
Sudan’s Inflation Rate Drops Slightly in February Amid Ongoing Economic Struggles
Sudan’s inflation rate saw a slight decline in February 2025, dropping by just under 3% to 142.34%, down from 145.14% in January, according to the […]
Morocco’s central bank makes second consecutive cut in key rate to 2.25%
Morocco’s central bank continues its monetary easing policy cutting the benchmark interest rate by 25 basis points to 2.25%, the second consecutive reduction to bolster […]
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 […]
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 […]