U.S pledges $50m to prop up Egypt’s food security
The US has pledged $50 million (947 million Egyptian pounds) to strengthen Egypt’s food security and help the country offset the consequences of the Russia-Ukraine […]
Finance
Africa50 Holds its 2022 General Shareholders Meeting in Marrakech
Africa50, the pan-African infrastructure investment platform, operating under the umbrella of the African Development Bank (AfDB), is holding its 2022 General Shareholders Meeting in Marrakech […]
AfDB approves $175M agreement with Trade & Development Bank
The Board of Directors of the African Development Bank Group has approved a $175 million Trade Finance Funded Risk Participation Agreement facility between the African […]
Morocco’s King calls for appropriate financing mechanisms to improve African countries’ debt situation
King Mohammed VI of Morocco has called for technical solutions and appropriate financing mechanisms to improve the debt situation of African countries, especially the low-income […]
King of Morocco calls for promoting a genuine African investment industry
King Mohammed VI has called for promoting a genuine African investment industry to ensure effective integration into financial markets and urged all African countries to […]
Jean-Claude Kassi Brou appointed new Governor of the Central Bank of West African States
In Accra, an extraordinary summit of the eight countries of the West African Monetary Union (UEMOA) was held on Saturday, June 4, in the wake […]
Inflation soars to over 130% in Zimbabwe
Inflation soared to 131.7 percent in Zimbabwe in May, as the Russian-Ukraine war in Ukraine has worsened an already battered economy, the national statistics office […]
Ghana: Opening of the Annual Meetings of the African Development Bank
The Annual Meetings of the African Development Bank (AfDB) officially open this Tuesday, May 24, in Accra, Ghana. Resumed, in part, in person, after two […]
IMF board approves $456 million program for Mozambique
The International Monetary Fund on Tuesday granted a $456 million (€432 million) loan to Mozambique, the first since it withdrew six years ago at the […]
The World Bank wants to release $170 billion to curb the world’s crises
World Bank President David Malpass announced Monday that he is preparing a $170 billion aid package over 15 months to help countries deal with multiple […]