Algeria’s Foreign Exchange Reserves fall to $109 bln in February 2017
Algeria is on course of depleting its coffers as its foreign exchange reserves continue to dwindle to stand at $109 billion dollars at the end […]
Finance
Rwanda launches ‘TecHouse’ to drive its financial innovation agenda
Bank of Kigali Limited, Rwanda’s largest commercial lender, has launched ‘BkTecHouse’, a new technology company that will provide IT solutions in banking, education, agriculture and […]
Egypt: WB disburses $1 billion in financial assistance
The World Bank has allocated $1 billion in financial assistance to Egypt as the North African seeks to revive its ailing economy hit by the […]
World Bank to release $57 billion for projects in Sub-Saharan Africa
The World Bank this week pledged to commit a record $57 billion to finance projects in sub-Saharan Africa. According to the head of the Washington-based […]
Nigeria will overcome recession in 2017 – Budget Minister
Nigeria’s Budget Minister, Udoma Udo Udoma, on Wednesday said the Government is determined to bring the country out of its first recession in a quarter […]
Ghana predicts 6.5 percent budget deficit for 2017
Ghana’s Finance Minister Ken Ofori-Atta on Thursday said the government aims to reduce its budget deficit and inflation in 2017 as it plans to stabilize […]
UN expert urges lenders to act as Tunisia seeks foreign investment
A UN independent expert on foreign debt and human rights on Wednesday encouraged international lenders to lend additional support to Tunisia, which is struggling to […]
Uganda eyes 5.5% GDP in the year ending June 2018
Uganda’s economy boosted by lower borrowing costs and higher oil sector investments will grow by 5.5 percent in the year to June 2018, a budget […]
Morocco Enacts its Membership in Afreximbank
Morocco has enacted its membership in the Cairo-based African Export–Import Bank or Afreximbank by publishing in the latest official gazette the Convention establishing Afreximbank. Morocco […]
Three African countries listed among world’s most powerful economies by 2050
Price Waterhouse Coopers published rankings of 32 future power economies by 2050. In the report, titled “The long view: how will the global economic order […]