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 […]
Central bank
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 […]
Madagascar: Government calls for the extradition of the three suspects arrested in South Africa with 74 kilos of gold in their possession
The Malagasy state announced on Wednesday 6 January that it has filed a complaint for illegal gold export and is seeking the extradition of the […]
Liberia: Central bank makes U-turn, denies it lost $100 million
Liberia’s central bank on Tuesday said it did not lose the $104 million newly printed notes that sparked outrage and federal investigation in the West […]
Ghana’s central bank merges five ailing banks
The Bank of Ghana (BoG) on Wednesday announced that it has revoked the licenses of five banks and put them together as Consolidated Bank Ghana […]
Ethiopia appoints new central bank governor
Ethiopia has appointed a new central bank governor on Monday amid major economic reforms spearheaded by the country’s new Prime Minister Abiye Ahmed. Yinager Dessie […]
Libya central bank to impose fees on foreign currencies
Officials of Libya’s internationally recognized government have agreed to a three-track reform process including a proposal to impose fees on foreign currency transactions in the […]
Kiir appoints Dier Ngor as governor of S. Sudan’s central bank
South Sudan’s President Salva Kiir on Thursday, appointed Dier Ngor as new central bank governor. According to the Statement released by the Presidency, Kiir had […]
Algerian economy to improve in 2018—PM
Algeria’s economy will improve this year as revenue from the oil sector and natural gas picks up, Prime Minister Ahmed Ouyahia said on Saturday. Oil […]
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 […]