Ghana’s economy back on track – President
President Akufo-Addo of Ghana on Wednesday said he spent the past year stabilizing the economy, including clearing huge debt deals signed by his predecessor. The […]
Finance
Gambia to change currency with Jammeh’s head
Gambia’s Central Bank will phase out local currency – the dalasi – which has the head of former President Yahya Jammeh as of February, Africa […]
Algeria Bans Imports of 900 Products to Curb Spending
Algeria continues to implement time buying measures to compensate for falling oil revenues. The country has banned imports of a list of nearly 900 products […]
Oil-dependent Gabon economy grew 0.8% in 2017 – IMF
The International Monetary Fund on Thursday downgraded Gabon’s economy growth forecast of 2017 form 1 percent to 0.8 percent. The international lender expects growth to […]
Morocco Receives $200 Mln WB Loan to Boost Agri-business Sector
The World Bank has lent Morocco $200 million to help the North African Kingdom strengthen its agricultural value chains for greater inclusion of small and […]
Senegal: IMF forecasts stronger growth for third year in a row
Senegal’s GDP growth is expected to exceed 6 percent in 2017, mainly driven by services, tourism and agriculture, the International Monetary Fund said in a […]
Niger: Donors Pledge $23 billion to Support Socio-economic Development Program
Niger has succeeded in mobilizing several billions to finance its economic and social economic plan after donors pledged $23 billion, a sum over exceeding the […]
IMF chief Lagarde visits Benin, forecasts 6% growth in 2018
Managing Director of the International Monetary Fund, Christine Lagarde, has started an African tour in Benin on Monday. Lagarde who spoke in a joint press […]
World Bank downgrades Kenya growth forecast
The World Bank on Wednesday said it has slashed 2017 growth forecast for Kenya’s economy to 4.9 percent due to drought, sluggish credit growth and […]
Mozambique to save $120m from gov’t officials in 2018
Mozambican government will slash benefits for some top officials of the government to save a total of $120m next year, Finance Minister Adriano Malaeiana said. […]