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Finance

IMF downgrades Sub-Sahara’s growth forecast to 3.75% for 2015

October 27, 2015 Geraldine Boechat 0

In its latest African Economic Outlook released on Tuesday under the title “Dealing with the Gathering Clouds,” the International Monetary Fund (IMF) said that sub-Saharan […]

Egypt appoints new central bank governor

October 21, 2015 Khalid Al Mouahidi 0

Governor of the Central Bank of Egypt, Hisham Ramez, resigned and will be replaced by Tarek Amer, a former chairman of the country’s largest commercial […]

Uganda’s central bank raises benchmark rate to 17.0%

October 20, 2015 Khalid Al Mouahidi 0

Uganda’s central bank raised its benchmark interest rate for the fifth consecutive meeting after a weaker currency boosted inflation to a two-year high. The bank […]

Angola cuts budget by 50% as oil prices fall

October 16, 2015 Steven Addamah 0

The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices. Vice President Manuel Vicente […]

Nigeria: IMF urges central bank to review forex policy

October 12, 2015 Khalid Al Mouahidi 0

The African Department Director at the International Monetary Fund (IMF) Antoinette Sayer has called on the Central Bank of Nigeria (CBN) to review its foreign […]

UN, IMF, IDB seek billions to rebuild Middle East

October 12, 2015 Khalid Al Mouahidi 0

The United Nations, the World Bank and the Islamic Development Bank announced a joint initiative on Saturday to scale-up financing in the Middle East and […]

Egypt ventures into Iraq for oil

October 2, 2015 Khalid Al Mouahidi 0

Egypt has acquired 10% of the concession of Kuwait Energy, a private firm, on an oilfield in Basra, southern Iraq. Egyptian Petroleum minister Tarek El-Molla […]

Nigeria: Central Bank to retain forex controls amid slow growth

October 1, 2015 Steven Addamah 0

Nigeria’s central bank plans to retain foreign currency controls because of concerns about slowing growth rate, a senior bank official said on Wednesday as Africa’s […]

Chad: Boko Haram plunges GDP forecast to 1%

September 26, 2015 Steven Addamah 0

The International Monetary Fund (IMF) said on Friday that Chad’s GDP will contract to 1 percent this year as compared to the 5 percent growth […]

Algeria-EU: Algiers rejects EU’s media project grant

September 18, 2015 Khalid Al Mouahidi 0

Algerian Minister of Communication rejected Thursday EU’s grants for Algeria’s communication and media reforms. EU’s Foreign Policy Chief Federica Mogherini who was visiting Algeria could […]

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News

  • Morocco Edge Senegal 1-0, Reach WAFCON Quarterfinal

    July 13, 2025 0
  • Mali’s Military Leader Assimi Goita Grants Himself Renewable Five-Year Term Without Election

    July 12, 2025 0
  • South Sudan: Catholic Bishops Call for Peace, Unity, and National Renewal

    July 11, 2025 0
  • Tunisia Jails Opposition Leader Rached Ghannouchi as Political Crackdown deepens

    July 10, 2025 0
  • Kiir Urges Unity on South Sudan’s 14th Independence Day

    July 10, 2025 0

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  • Morocco Edge Senegal 1-0, Reach WAFCON Quarterfinal
  • Mali’s Military Leader Assimi Goita Grants Himself Renewable Five-Year Term Without Election
  • South Sudan: Catholic Bishops Call for Peace, Unity, and National Renewal
  • Côte d’Ivoire Secures Early Cocoa Sales for 2025/26 Season Despite Crop Concerns
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