Zimbabwe to clear World Bank, AfDB arrears in 12 months
Zimbabwe said over the weekend it aims to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 […]
Finance
EU to provide €100 million to Somalia
The EU and Somalia signed Sunday (Oct. 14) an agreement to provide €100 million to the Somali budget over the next two and a half […]
IMF cuts Ghana’s 2018 GDP growth to 6.3%
The International Monetary Fund (IMF) has revised downwards its earlier 6.8 per cent Gross Domestic Product (GDP) projection for Ghana economy 2018 to 6.3 per […]
South Africa gets $35 bln in investment pledges to revive ailing economy
South Africa got investment commitments of $35 billion as part of plans to attract $100 billion over the next five years to revive the country’s […]
Nigeria: Buhari asks lawmakers to approve $2.79 bln Eurobond
Nigerian President Muhammadu Buhari on Tuesday asked lawmakers to approve the issuance of a $2.79 billion Eurobond. According to Buhari, the Eurobond will help Africa’s […]
Ghana, seventh wealthiest African country – AfrAsia Wealth Report 2018
Ghana is the seventh wealthiest country in Africa with a total wealth of $63 billion as of December 2017, according to AfrAsia Bank Africa Wealth […]
World Bank could suspend funding to Tanzania over new statistics law
The World Bank may suspend funding to Tanzania over a new legislation that would punish anyone who questions official statistics. According to the World Bank, […]
Liberia: Central bank makes U-turn, denies it lost $100 million
Liberia’s central bank on Tuesday said it did not lose the $104 million newly printed notes that sparked outrage and federal investigation in the West […]
IMF disburses $245m loan tranche to Tunisia
The International Monetary Fund last weekend approved the payment of a $245 million loan tranche to Tunisia as the North African nation is making urgent […]
Financial independence reform to top A.U. meeting in November
The African Union will hold an extraordinary summit next November in Addis Ababa, Ethiopia, to focus mainly on the reform of the organization, AU Commission […]