Moroccan banks lower interest rates for SMEs
In implementation of King Mohammed VI’s instructions to make the banking system conducive to development, a program was unveiled by the central bank, the Ministry […]
Finance
Somalia, world’s most corrupt nation – Report
Transparency International has released its annual Corruption Perceptions Index (CPI) this week and Sub-Saharan Africa is perceived among the most corrupt regions with an average […]
IFC loans Casablanca region $100 mln to fund infrastructure projects
The International Financial Corporation, an offshoot ofthe World Bank, approved a 100 million dollar loan to the region of Casablancato build two new urban rail […]
Tanzanian: Magufuli sacks home affairs minister over fraud
Tanzanian President John Magufuli has fired his home affairs minister Kangi Lugola on Thursday, accusing him of mismanaging a $452 million fire department contract. President […]
Chad: public sector workers launch strike
The public sector in Chad has started a strike Tuesday in response to a call by the country’s trade union. Union members voted to strike […]
Angolan court orders seizure of Isabel dos Santos’ assets
A court in Angola has ordered the seizure of the assets and bank accounts of the billionaire daughter of ex-President José Eduardo dos Santos. Called […]
Uganda to borrow $1.89 billion amid looming debt crisis
Uganda said it plans to borrow about $1.89 billion from external lenders in the 2020/2021 fiscal year to partly finance its budget. According to the […]
Tanzania gets AfDB’s $55 million facility to jumpstart private sector-led economic growth
The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in […]
ECOWAS endorses Adesina for second term as President of the AfDB
The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the […]
EU approves €59.3 million for structural reforms in Mali
The European Union (EU) has approved €59.3 million (FCFA 38,9 billions) to support two programs in Mali: The State Consolidation Support Program (SBC) and the […]