Kenya’s KCB Group to sell its NBK Bank
Kenyan KCB Group plans to sell its subsidiary National Bank of Kenya (NBK), the second biggest lender in the country, the Daily Nation newspaper reported. […]
Finance
Commercial Bank of Ethiopia’s Quest to Recoup Millions Lost in Technical Glitch
Ethiopia’s largest bank is reportedly endeavoring to reclaim over $40 million following a technical malfunction that permitted customers to withdraw funds exceeding their account balances. […]
EU offers Egypt €7.4 billion package to curb migration
The EU has offered cash-strapped Egypt 7.4 billion euros in a deal to curb illegal migration from the country and the region. The package came […]
Somalia Achieves 99% Debt Cancellation from Paris Club Creditors
Somalia successfully negotiated the elimination of 99% of its debt to members of the Paris Club, marking a significant achievement in the nation’s journey to […]
IMF to Evaluate the Economic Impact of Drought in Zambia
The International Monetary Fund (IMF) has announced its intention to visit Zambia in mid-April to evaluate the economic impact of the ongoing drought. With 84 […]
EU offers Tunisia €150 million in financial stability help
Cash-strapped Tunisia received an aid of €150 million from the EU to help it with financial stability as it struggles with an unprecedented economic and […]
Ghana’s Finance Ministry Warns of Potential $3.8B Loss Due to Anti-LGBTQ Legislation
Ghana’s finance ministry has issued a warning that the country could experience a significant loss of funding from international banks, amounting to an estimated USD$3.8 […]
Africa dominates list of world’s 20 Fastly growing economies
Eleven African countries will dominate the list of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said. Overall, real gross domestic […]
IMF praises Ghana’s ‘strong’ economic reform policies that begin to bear fruit
Ghana’s recent deal with the International Monetary Fund (IMF) will remain unaffected despite the latest government reshuffle, President Nana Akufo-Addo assured, just as the global […]
U.S., Zambia, AFC Host PGI Forum to Strengthen Investment in Lobito Corridor
President of Zambia, Hakainde Hichilema, Senior Advisor to President Biden, Amos Hochstein, and President and CEO of the Africa Finance Corporation (AFC), Samaila Zubairu, convened […]