Nigeria Central Bank Takes over Board of Skye Bank
The Central Bank of Nigeria (CBN) has taken over a local bank, Skye Bank, citing ‘‘persistent failure of the bank to meet minimum thresholds in […]
Finance
Ghana: US Grants $10 million to Support Agriculture
The United States is investing $10 million in Ghana to help the west-African nation meet international standards and guidelines for its agricultural produce. The grant […]
IMF Extends Loan Program to Drought-Hit Malawi
The International Monetary Fund (IMF) on Monday said it would increase loans to Malawi by $76.8 million, as the southern African country declared a state […]
Nigeria: IMF Welcomes New Forex Policy
The International Monetary Fund on Thursday welcomed the decision by Nigeria government to abandon its currency peg and adopt a flexible exchange rate policy. The […]
Algeria: Bouteflika Reshuffles Cabinet to Revamp Ailing Economy
Algerian President Abdelaziz Bouteflika this weekend conducted a cabinet reshuffle by changing six portfolios, including finance and energy ministers. It is the fifth reshuffle under […]
Botswana’s Economy to Return to Growth in 2016 – CB
Botswana’s economy will return to growth this year as water and electricity supply stabilizes, the central bank said on Monday. Consumer prices in the southern […]
Nigeria: President Buhari Calls for Economy Restructuring
The Nigerian President Muhammadu Buhari on Wednesday said there was no better time to diversify the West African nation’s economy than now. The Nigerian leader […]
Côte d’Ivoire Becomes World’s Cashew Nuts Top Producer
Côte d’Ivoire, the world’s biggest cocoa exporter, has emerged as the world’s biggest exporter of cashew nuts. According to a report by the BBC, Côte […]
Kenya: Central bank reduces lending rate
Kenya’s central bank on Tuesday lowered its benchmark lending rate by 100 basis points to 10.5 per cent citing a fall in the country’s overall […]
IMF Paints Gloomy Picture For Algerian Economy
The economic outlook in Algeria has deteriorated since 2014 due to the fall in oil prices, affecting fiscal and external balances, says the International monetary […]