Cape Verde to raise key interest rates by 50 basis points
Cape Verde’s banking system has leveraged the interest rate differential to increase liquid assets abroad, according to a statement issued by the BCV (Bank of […]
Finance
UAE becomes Africa’s leading investor with staggering $110bn projects across continent
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
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
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
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
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
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
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
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
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 […]