AfDB grants $260 million loan to strengthen agricultural sector in DRC
The Board of Directors of the African Development Bank Group approved a loan of $260.4 million to the Democratic Republic of Congo (DRC) to help […]
Finance
Casablanca Finance City increases focus on African business growth
Morocco is positioning itself as a prime destination for investors, thanks to a robust legal and financial framework, according to Abdelghani Lakhdar, Secretary General of […]
IsDB to Fund 145 km Road Project in Cameroon, Boosting Regional Connectivity
A delegation of the Islamic Development Bank (IsDB) is currently visiting Cameroon to advance plans for financing the construction of a 145-kilometer section of the […]
Liberian President Slashes Salary in Gesture of Fiscal Responsibility
Liberian President Joseph Boakai has announced a 40% reduction in his annual salary, cutting it from $13,400 to $8,000. This move aims to set an […]
Nigeria’s Fuel Subsidy Dilemma Deepens as Debt to Suppliers Soars
Nigeria’s state oil company NNPC faces mounting challenges as its debt to gasoline suppliers has surged to over $6 billion, doubling since April. This financial […]
Kenya Faces Fiscal Dilemma as Ruto Opts for Borrowing Over Tax Hikes
In the wake of rejected tax increases and violent protests, Kenyan President William Ruto has announced plans to borrow heavily to address the country’s growing […]
Ethiopia attracts most FDIs in east Africa – UNCTAD
Ethiopia outperformed its east African neighbors in attracting foreign direct investments (FDIs) in 2023, according to the UN Conference on Trade and Development (UNCTAD). Ethiopia […]
Morocco’s Central Bank Lowers Key Rate to 2.75 % & Expects Growth to Reach 4.5 % in 2025
Morocco’s central Bank has decided to lower its key rate by 25 basis points to 2.75 percent and expects the country’s economic growth to reach […]
Ghana Nears $13 Billion Debt Restructuring Deal with International Bondholders
Ghana is on the brink of finalizing a significant debt restructuring agreement with its international bondholders, potentially reshaping $13 billion of its external debt. This […]
Burundi: 2024/25 Budget to Increase by Nearly 16% Due to Unfreezing of Civil Servants’ Salary Bonuses
Burundi’s Finance Minister, Audace Niyonzima, announced on Thursday that the country’s budget for the 2024/25 financial year, starting in July, will increase by 15.9% to […]