Ghana plans to pay for fuel purchases with gold bars
Ghana is considering paying for its fuel purchases in gold bars, according to an announcement by Ghana’s vice president, Mahamudu Bawumia. The government’s stated aim […]
Central bank
São Tomé and Príncipe with no foreign exchange to buy essential goods on the international market
The government of Sao Tome and Principe says the net international reserve at the archipelago’s central bank is below the minimum required, i.e., it is […]
Libyan oil exports resume after months of interruption
Since the assassination of Muammar Gaddafi, Libya’s oil has been at the centre of all sorts of rivalries, with rival militias and foreign powers jostling […]
Nigeria’s Buhari asks ministers with political ambition to resign
As Nigeria’s February 2023 presidential election approaches, the number of candidates to succeed Muhammadu Buhari is increasing. Tunde Bakare, a popular Pentecostal minister, and Godwin […]
Economy: Kenyan businesses worried about elections and war in Ukraine
Kenya’s Ministry of Finance presented a $28 billion budget this week. The aim is to revive an economy hit by the loss of hundreds of […]
DRC: Central Bank Directors replaced to Meet IMF requirements
For almost two years, the DRC and the IMF have been negotiating the signature of a financing program. One of the very first conditions was […]
Morocco: Central Bank Expects Growth to Reach 5.3 pc in 2021 & 3.2 pc in 2022
Morocco economic growth is expected to reach 5.3 pc in 2021 before stabilizing at 3.2 pc in 2020, according to the country’s central bank forecasts. […]
Central Bank announced devaluation of sudanese pound
It is a brutal but expected devaluation of the pound that the Sudanese Central Bank announced on Sunday, February 21, announcing a unification of exchange […]
Kenya sinks into a debt spiral
Kenya’s public debt has increased by more than $11 billion in one year, according to the Central Bank. A fiscal situation aggravated by the Covid-19 […]
The launch of the common currency of the ECOWAS countries postponed to 2025
The common currency of the ECOWAS countries may not see the light of day until 2025 at best. This is what emerges from the debates […]