South Africa: IMF Provides $4.3 Billion in Emergency Assistance to fight Covid-19
The IMF announced this week that it approved $4.7 billion (€3.7 billion) in emergency assistance in response to Covid-19 to South Africa. The country had […]
Finance
Sudan: US sanctions Russian officials and entities linked to Yevgeny Prigozhin
The US treasury has decreed sanctions against several Russian officials and entities linked to Yevgeny Prigozhin, a close associate of Vladimir Putin, who has already […]
Morocco announces $621m stimulus package to national carrier
Morocco will allocate $621 million to its national carrier Royal Air Maroc whose activities have taken the brunt of the covid-19 pandemic, Finance Minister Mohamed […]
Gabon’s budget cut by 10% because of Covid-19
In Gabon, because of the Covid-19 pandemic, the government has decided to revise its 2020 budget downwards. As Gabon’s finance law is based on the […]
Buhari: ECOWAS is under risk of dislocation as ECO currency will replaces CFA
The President of Nigeria, Muhammadu Buhari, spoke for the first time on Wednesday 24 June of a risk of dislocation of ECOWAS, in case of […]
Switzerland opens criminal investigation against Glencore for corruption in the DRC
It was the Anglo-Swiss trading, brokerage and materials extraction company that made the information public last Friday, after the stock exchange closed. Specializing in commodities […]
AfDB grants Tunisia €180m to handle fallout from covid-19
The African Development Bank, AfDB, Wednesday approved a €180 million loan to finance Tunisia’s efforts to fight covid-19 and address economic and social impacts of […]
The AfDB has taken no action against its president Akinwumi Adesina
Urged by Washington to agree to an independent investigation of its President Akinwumi Adesina, accused of prevarication, the African Development Bank (AfDB) said on Thursday, […]
AfDB Grants €264 million to Morocco to help fight Covid 19
To support the “Covid-19 response support program” launched by Moroco, the Board of Directors of the African Development Bank (AfDB) has decided to grant €264 […]
Fight against desert locusts will take time, despite significant control gains – FAO Director
The Director-General of the Food and Agriculture Organization of (FAO), QU Dongyu, has warned that efforts to control desert locusts will take time, noting increased […]