Nigeria: Local economy hard hit by Naira fall
Nigeria’s Central bank announced its intention to intervene on the foreign exchange market to increase liquidity in response to the devaluation of the naira, which […]
Finance
Inflation surges to 5.4% in South Africa, exceeding expectations
South Africa’s annual inflation rate rose for the second consecutive month in September, reaching a three-month high of 5.4%, according to the latest data from […]
Nigeria: The federal government proposes N26.01trn for 2024 budget
The Federal Executive Council, FEC on Monday October 16 proposed the sum of N26.01 trillion for the 2024 fiscal year to be submitted to the […]
African High-Level Ministerial Meeting Adopts Marrakech Declaration
The High-Level Ministerial Meeting on accelerating the financing of Africa’s emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, adopted the “Marrakech […]
IFC, OCP Launch Agri-finance Platform for Sustainable Food Systems in Africa
The OCP Group, the world’s largest phosphate-based fertilizer producer, and the International Finance Corporation (IFC), launched an agri-finance platform meant to mobilize $800 million of […]
Cape Verde wants to pay off ECOWAS debt
The Cape Verdean Minister of Foreign Affairs said Wednesday, October 11, that the government will seek partnerships to stop accumulating, by 2024, a debt to […]
WB Issues Two Sustainable Development Bonds worth € 200 Mln for Morocco’s Central Bank
The World Bank announced this Monday the issuance of two Sustainable Development Bonds purchased by Bank Al-Maghrib (Morocco’s Central Bank) for its reserves management. The […]
Africa will have a “stronger voice” within the IMF
The Managing Director, Kristalina Georgieva, revealed in an interview on Thursday October 5 that Africa will soon be given a third seat on the Executive […]
Ghana: Sanitation Ministry gets $125m World Bank support for Building capacity of environmental officers
The World Bank has approved $125 million to support a five-year project of the Ministry of Sanitation and Water Resources (MSWR) to build the capacities […]
Cape Verde’s economy grew by 3.4% in the second quarter
Cape Verde’s Gross Domestic Product (GDP) grew by 3.4% year-on-year in the second quarter of this year, the National Statistics Institute (INE) announced on Wednesday […]