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Finance

South Africa’s Johann Rupert dethrones Aliko Dangote as the continent’s richest man

August 29, 2024 Pawla Nibramich 0

Nigeria’s Aliko Dangote has been bumped from his position as Africa’s richest person, according to the latest Bloomberg Billionaires Index. South African businessman Johann Rupert, […]

Mozambique received 8.9 billion euros in investments between 2019 and 2023

August 27, 2024 Geraldine Boechat 0

On Monday August 26, Mozambican President Filipe Nyusi announced that Mozambique is set to attract approximately 8.9 billion euros in investments from 2019 to 2023. […]

Kenya: Authorities temporarily break budget deadlock

August 22, 2024 Steven Addamah 0

the Supreme Court has granted Kenyan President Ruto the authority to temporarily uphold the taxes introduced under the Finance Act 2023 until further court hearings. […]

ExxonMobil earmarks $90M for seismic exploration in Egypt

August 21, 2024 Pawla Nibramich 0

ExxonMobil has allocated $90 million for seismic exploration in Egypt, focusing on a 15 km area within its concession north of Marakia in the Western […]

Kenya Revives Controversial Tax Plans, Sparking Fears of Unrest

August 20, 2024 Pawla Nibramich 0

Kenya is set to reintroduce a modified version of its controversial eco-levy tax, potentially reigniting tensions that led to widespread protests earlier this year. The […]

Bank of Mozambique Revokes Penalties for Non-Compliance with Reserve Requirements

August 19, 2024 Steven Addamah 0

The Bank of Mozambique (BdM) has revoked the penalty that led to the blocking of accounts for financial institutions that incurred a deficit in the […]

Nigeria: Education Loan Fund for public universities’ students

August 15, 2024 Pawla Nibramich 0

Nigeria’s President Bola Tinubu launched on August 14 the Nigerian Education Loan Fund, emphasizing the importance of education in the fight against poverty and in […]

Angola launches $500 million-National Employment Fund

August 8, 2024 Steven Addamah 0

The Angolan government on Tuesday August 6 launched the Angolan National Employment Fund (FUNEA), worth $500 million (€462 million), to create and support public and […]

Kenya: Appeals Court Strikes Down 2023 Finance Act, Challenging Ruto’s Economic Agenda

August 1, 2024 Steven Addamah 0

In a significant legal setback for President William Ruto’s administration, Kenya’s Court of Appeal has declared the government’s 2023 finance law unconstitutional. This ruling comes […]

Ethiopia Secures Crucial IMF Funding Amid Economic Reforms

July 31, 2024 Pawla Nibramich 0

Ethiopia has taken a significant step towards economic stability by reaching an agreement with the International Monetary Fund for a $3.4 billion financing program. This […]

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Recent Posts
  • OIC Foreign Ministers Endorse Morocco’s Atlantic, Sahel Initiatives in Support of Africa
  • Crown Prince Presides Over Mohammed VI Grand Prix Awarding Ceremony at Morocco Royal Tour Finale
  • Ex-Senegal president Macky Sall withdraws as candidate for UN leader
  • Ministers’ Council, Chaired by King Mohammed VI, Discusses 2027 Finance Bill that Prioritizes Purchasing Power, Social Protection
  • Morocco’s Economy: IMF Expects a 4.5% Growth in 2026, 4.2% in 2027
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