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Finance

Nigeria’s anti-graft watchdog recovers $53.6m in Q1 2017

April 24, 2017 Khalid Al Mouahidi 0

The Nigerian anti-graft Watchdog, the Economic and Financial Crimes Commission (EFCC) on Sunday said it has recovered over $53.6 million in the last four months. […]

World Bank trims Sub-Saharan Africa growth projection

April 21, 2017 Khalid Al Mouahidi 0

The World Bank cut its growth projection for sub-Saharan Africa this year after a tumultuous period in 2016. According to the bank, Sub-Saharan Africa is […]

Ivory Coast to reduce 2017 Budget on low cocoa prices

April 20, 2017 Khalid Al Mouahidi 0

Ivorian President Alassane Ouattara on Wednesday announced plans to cut the 2017 budget of the west-African nation by 10 percent due to a sharp drop […]

Algeria’s Foreign Exchange Reserves fall to $109 bln in February 2017

April 13, 2017 Geraldine Boechat 0

Algeria is on course of depleting its coffers as its foreign exchange reserves continue to dwindle to stand at $109 billion dollars at the end […]

Rwanda launches ‘TecHouse’ to drive its financial innovation agenda

March 30, 2017 Steven Addamah 0

Bank of Kigali Limited, Rwanda’s largest commercial lender, has launched ‘BkTecHouse’, a new technology company that will provide IT solutions in banking, education, agriculture and […]

Egypt: WB disburses $1 billion in financial assistance

March 21, 2017 Khalid Al Mouahidi 0

The World Bank has allocated $1 billion in financial assistance to Egypt as the North African seeks to revive its ailing economy hit by the […]

World Bank to release $57 billion for projects in Sub-Saharan Africa

March 20, 2017 Khalid Al Mouahidi 0

The World Bank this week pledged to commit a record $57 billion to finance projects in sub-Saharan Africa. According to the head of the Washington-based […]

Nigeria will overcome recession in 2017 – Budget Minister

March 9, 2017 Khalid Al Mouahidi 0

Nigeria’s Budget Minister, Udoma Udo Udoma, on Wednesday said the Government is determined to bring the country out of its first recession in a quarter […]

Ghana predicts 6.5 percent budget deficit for 2017

March 3, 2017 Khalid Al Mouahidi 0

Ghana’s Finance Minister Ken Ofori-Atta on Thursday said the government aims to reduce its budget deficit and inflation in 2017 as it plans to stabilize […]

UN expert urges lenders to act as Tunisia seeks foreign investment

March 2, 2017 Khalid Al Mouahidi 0

A UN independent expert on foreign debt and human rights on Wednesday encouraged international lenders to lend additional support to Tunisia, which is struggling to […]

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