AfDB, Zambia Ink $125 million Concessional Loan
The Zambian government on Tuesday announced that it has reached an agreement with the African Development Bank to borrow $125 million on concessional terms for […]
Finance
Egypt: There is no Currency Crisis, Central bank Governor
Governor of the Egyptian Central Bank Tarek Amer in a pre-recorded interview aired on a local television on Saturday denied the existence of a currency […]
Zambia Seeks IMF’s Help to Revamp Ailing Economy
Zambia has begun talks with the International Monetary Fund over an aid program to revamp the country’s ailing economy, officials said on Friday. The international […]
Benin: ECOWAS Deploys Observers for March 20 Polls
The Economic Community of West African States (ECOWAS) will deploy a team of 70 observers led by former Guinean Prime Minister Kabine Komara, to monitor […]
Kenya Cuts Expenditures to Curb Surging Deficit
Kenyan finance minister on Thursday said the country’s Treasury has sent parliament supplementary spending plans that introduce net cuts of about $493 million, for the […]
Rwanda: Economy Grew by 6.9% in 2015
Rwandan statistics office on Thursday said the country’s economy grew by 6.9 percent last year, slightly less than the 7.0 percent growth recorded in 2014. […]
Nigeria’s Buhari Visits Malabo
Nigerian president Muhammadu Buhari led a national security team to visit President Obiang Nguema Mbasogo of Equatorial Guinea, in view of reaching a final agreement […]
Egypt: Central Bank seeks compromise with Chamber of Commerce
Crisis surrounding the Egyptian pound is increasing and calls for the devaluation of the currency is getting louder as businessmen struggle to obtain foreign currency […]
Zimbabwe: $10bn Compensation for Evicted White Farmers Considered
Zimbabwe’s Finance Minister on Friday said the government plans to compensate white farmers for land seized and has begun evaluating the properties. Farmers may be […]
US lifts sanctions on Sudanese cement company after 14 years
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday removed a Sudanese private cement factory from a blacklist of firms […]