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 […]
Finance
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. […]
Ghana’s 2018 Budget, Economic Policy to focus on Macroeconomic
Ghana’s 2018 Budget and Economic Policy is expected to focus on ensuring macroeconomic stability, transforming agriculture and industry, the west African nation’s Finance Minister Ken […]
Kenya: gov’t, banks agree to convert Kenya Airways’ debt to equity
The Kenyan government has agreed with local lenders to convert more than $400 million of Kenya Airways’ debt into equity, increasing the government stake to […]
IMF Greenlights Disbursment of $2 Bln to Egypt
After a review of Egypt’s economic reforms, the IMF said it has agreed to the disbursement of a $2bn loan –part of the $12bn extended […]
Burkina Faso gets $70 million loan from BOAD
The West African Development Bank (BOAD) has granted a $70 million loan to Burkina Faso to support three priority projects of the West African nation’s […]
Buhari presents record $28 billion budget for 2018
Nigerian ailing President Muhammadu Buhari on Tuesday presented a record $28.16 billion budget for 2018 to the National Assembly. Africa’s leading oil producer has been […]
Uganda inks $287 million power deal with China Exim Bank
The Ugandan government has announced that it will borrow $287 million from Exim Bank of China, as part of its electrification process. According to the […]
Senegal adopts $6.7 billion finance bill for 2018
The Senegalese government has adopted the Finance Bill for 2018 with a budget of 3,709.10 billion CFA francs ($6.7 billion), about 10.4% increase compared to […]