A Senegalese, Makhtar Diop, at the helm of IFC
Senegalese Makhtar Diop has been appointed as Managing Director and Executive Vice President of the International Finance Corporation (IFC), an arm of the World Bank […]
Finance
Kenya sinks into a debt spiral
Kenya’s public debt has increased by more than $11 billion in one year, according to the Central Bank. A fiscal situation aggravated by the Covid-19 […]
The launch of the common currency of the ECOWAS countries postponed to 2025
The common currency of the ECOWAS countries may not see the light of day until 2025 at best. This is what emerges from the debates […]
US Planning $5 Bln Investments in Morocco & across Region
The US International Development Finance Corporation (DFC) is planning $5 billion investments in Morocco and across the region through the funding of several projects seeking […]
Zimbabwean billionaire Strive Masiyiwa appointed as Netflix’s new director
London-based Zimbabwean businessman Strive Masiyiwa, considered the country’s top billionaire, was appointed as Netflix’s new director last week. This is the first time an African […]
World Bank backs Morocco’s Generation Green program with line of credit worth $250 million
The World Bank Wednesday announced it approved $250 million in form grant to Morocco for the financing of its Generation Green program in support for […]
DRC : The Assembly adopts a more realistic 2021 budget
The Congolese National Assembly on Thursday 3 December adopted without delay the 2021 finance bill which devotes a budget slightly higher than the revised budget […]
Germany allocates €1,387bn to Morocco to fund several projects
Germany has granted Morocco €1,387 billion for the financing of several projects in the framework of the development cooperation deal between the two countries, the […]
Tax evasion costs Africa $25 billion a year, a research reveals
Tax evasion costs Africa more than US$25 billion a year, according to a study conducted by a network of NGOs, including the Global Tax Justice […]
Zambia admits serious financial difficulties due to Covid 19 pandemic
Having failed to meet a $42.5 million payment due to its Western creditors in October, Zambia acknowledges that it has serious cash flow problems, but […]