Congo has “met” criteria for an IMF deal
Congo Republic over the weekend said it fulfilled the criteria for a deal with the International Monetary Fund (IMF) to revamp its debt-crippled economy. The […]
Finance
AfDB to launch 12 new projects to support SMEs in 6 African countries
The African Development Bank (AfDB) will launch twelve new projects to support agribusiness SMEs in 6 African countries, The Bank said in a statement. The […]
Afreximbank to invest $25 billion to promote Intra-African trade
On the sidelines of the launch last week of the African Continental Free Trade Area, Afreximbank has pledged $25 billion over Five Years to upgrade […]
Mauritania inks nearly $17 million loan agreement with IMF
The International Monetary Fund (IMF) has concluded an agreement of $16.56 million with Mauritania as the West African nation’s economic recovery has been confirmed with […]
Mining: Zambia uncovers $8bn tax scam
Zambia’s tax agency plans to conduct audits on all mining companies in the southern African nation, running back six years after uncovering that a prominent […]
São Tomé and Príncipe gets $10 million boost from the World Bank
The World Bank will provide about $10 million to finance social projects in São Tomé and Príncipe. The projects will help the West African archipelago […]
Rwanda: Central bank predicts healthy economic growth in 2018
Rwanda’s economy will grow 6.5 percent in 2018, the central bank of the East African nation said on Tuesday. According to John Rwangombwa, governor of […]
Africa: Mauritius attracts 90% of India’s foreign direct investment
The Indian think tank group, Observer Research Foundation, in a research note published on February 21 revealed that one single country has collected 90% of […]
ECOWAS will meet its 2020 single currency deadline – Heads of State
Members of the Presidential Task Force on the ECOWAS Single Currency Program on Wednesday reaffirmed their political will to introduce a single currency in the […]
Morocco’s BCP lands in Mauritius, Madagascar
Groupe BPCE, the second largest banking group in France on Monday announced the signing of an agreement providing for the divestment of 100% of Banque […]