Botswana’s president pledges to diversify economy away from diamonds
Botswana’s President Mokgweetsi Masisi, who was sworn in for a five-year term this weekend, promised, in his inaugural speech, to drive a transformation of Botswana’s […]
Finance
Zimbabwe to introduce new currency
The Central Bank of Zimbabwe will soon introduce some notes and coins in Zimbabwean dollar in the next two weeks, local media reported. Central bank […]
IMF unveils a new loan tranche of $34.6 million for Togo
The Executive Board of the International Monetary Fund (IMF) has approved a new three-year arrangement for Togo under the Extended Credit Facility (ECF). The $ […]
Cabo Verde predicts 5.0% economic growth in 2019 and 2020
Cabo Verde’s economy is expected to grow at a rate close to 5.0% in 2019 and 2020, according to forecasts from the archipelago’s central bank […]
Corruption: Equatorial Guinea’s ex-army chief jailed for 18 years
In Equatorial Guinea, a military court has sentenced former Chief of Staff Ruslan Hermes Nguema Oyana to 18 years in prison for embezzlement of public […]
Cameroon: World Bank allocates $200 million to support development policies
The International Development Association (IDA), a subsidiary of the World Bank which offers concessional loans and grants to the world’s poorest developing countries, has signed […]
Benin gets $87.4 million from Germany
Germany will provide $87.4 million to Benin to finance development projects, the Beninese Ministry of Foreign Affairs said in a statement posted on its website. […]
Nigeria fines 12 banks for failing to meet loan deadline
The Central Bank of Nigeria has fined 12 commercial banks, including the local subsidiary of US Citigroup, a total of 500 billion Naira ($1.4 billion), […]
Tanzania: WB releases $4.5 million for drinking water supply to 165 villages
The World Bank has awarded a $4.5 million grant to Tanzania to build drinking water supply networks using solar off-grid systems in rural areas. Only […]
Kenya gets $100 million from IFC, Water.org
The International Finance Corporation (IFC), the World Bank’s private sector financing subsidiary, and a US non-profit development aid organization, Water.org, have recently raised $100 million […]