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 […]
Finance
Mozambique’s Central Bank cuts interest rate to 12.75%
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 […]
IMF improves Cape Verde growth estimates
The International Monetary Fund (IMF) has revised its economic growth projections for Cape Verde, raising its estimates by 1.3 percentage points for 2024 and 0.3 […]
Egyptian expatriates’ remittances surge to $2.7 billion following financial reforms
Remittances from Egyptians working abroad have experienced remarkable growth following a series of financial reforms implemented in March 2024, the Central Bank of Egypt (CBE) […]
IFC-Egypt: Agreement on aspects of airport privatization plan
The International Finance Corporation (IFC) announced substantial progress in its discussions with the Egyptian Government regarding the country’s airport privatization program. During a meeting on […]
Moody’s projects 5% growth for Egypt’s economy in next fiscal year
Credit ratings Agency Moody’s has expressed confidence in Egypt’s economic future, forecasting a 5% growth rate for the upcoming fiscal year, building on an estimated […]
European Union Backs Cameroon’s Infrastructure Development with Major Loan
The European Union has committed to a €91-million-loan package to strengthen Cameroon’s infrastructure over the next three years. The agreement, announced in Yaoundé, aims to […]
Cape Verde : Year-on-year inflation accelerated to 1.7% in October
In October 2024, Cape Verde’s inflation rate stood at 1.0%, according to data released by the National Statistics Institute (INE) on November 16. The Consumer […]
Angola saves $48.5 million with new IMF surcharge policy
Angola is projected to save approximately $48.5 million in payments to the IMF (International Monetary Fund) in the upcoming fiscal year, thanks to the implementation […]
Angola: UNITA declares opposition to 2025 budget
On November 14, UNITA, Angola’s largest opposition party, announced its decision to oppose the proposed 2025 State Budget, arguing it neglects the needs of the […]