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Finance

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 […]

Mali: Weakening manufacturing output to slow economy to 4.9 %

September 17, 2015 Geraldine Boechat 0

Mali’s economic growth is set to slow this year to 4.9 percent, because of weakening manufacturing output, despite a strong harvest, the International Monetary Fund […]

Guinea: China to build $2 bln hydropower dam

September 16, 2015 Steven Addamah 0

Guinea is in talks with China International Water & Electric Corp. to build a $2 billion hydropower dam that would boost the West African country’s […]

Ghana: Central Bank increases benchmark interest rate

September 15, 2015 Geraldine Boechat 0

The Bank of Ghana increased the policy rate by 1 percentage point, Governor Kofi Wampah told reporters in the capital, Accra after the 66th regular […]

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  • Morocco Presents AI Legislative Framework at National Conference
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  • France Hands Over Rufisque Base to Senegal as Military Withdrawal Progresses
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