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 […]
Finance
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 […]
Sub-Saharan Africa to record slow growth – WB’s Africa Pulse report
Sub-Saharan Africa’s economy is growing more slowly this year than expected, the World Bank said on Wednesday. According to the Bretton Wood institution’s Africa Pulse […]
Senegal: National revenue records a surplus of 560 billion CFA
Senegal’s economy has recorded a revenue surplus of over 560 billion CFA, data from the West African nation’s office of economic planning, policies and finance […]
BCEAO projects WAEMU economy to grow 6.9% in 2017
The growth rate of the West African Economic and Monetary Union (WAEMU, or UEMOA as it is known by its French acronym) is expected to […]
Tanzania’s first quarter growth slows to 5.7 %
Tanzania’s economic growth slowed to 5.7 percent in the first quarter of this year from 6.8 percent previously, the statistics office of the East African […]
African Development Bank outlook stable – Fitch Affirms
Fitch Ratings has confirmed the African Development Bank’s (AfDB’s) Issuer Default Rating (IDR) rating, keeping it at “AAA” with a stable outlook. AfDB enjoys strong […]
Benin: China offers $89m to improve drinking water supply
The Chinese government has granted $89 million to the government of Benin for the supply of drinking water in the central region of the country, […]
WB loans to Guinea to amount to $574 Million in 2017
World Bank Vice-President for Africa Makhtar Diop, who has just paid a visit to Conakry July 15-17, confirmed that Guinea will receive $574 million loan […]