Tanzania: new talks for $800 Mln loan to strengthen currency
The Tanzanian Minister of Finance said on Wednesday that his country will resume discussions for the $800 million loan from international lenders after abandoning an […]
Central bank
Nigeria’s anti-graft agency arrests over 20 bankers for fraud
Just few days after Nigeria’s new president took office, the country’s anti-corruption agency accused top officials from the central bank of involvement in a multimillion-dollar […]
Angola : Kwanza has to be devalued
Managing Director Anthony Lopes Pinto of Imara Securities’ Angola has signaled that the country has to devalue its currency and raise interest in order to […]
Zimbabwe: Banks continue to fold up, sector no longer safe
Zimbabwe’s banking sector seems to be crumbling as local banks continue to head out of business. The trend has been continuing for the past couple […]
Egypt to raise $1 billion for Tourism, Minister Zaazou
The struggle to restore the past glory of Egypt’s tourism sector is still ongoing despite the multiple challenges. Authorities have decided to launch a campaign […]
Libya: PM al-Thinni blames Central Bank for failures
Libya’s political future still remains in shambles and the Central Bank is the latest institution being dragged into the melee. Outgoing Prime Minister, Abdullah al-Thinni, […]
Egypt : the Tug of War between Privatization and Nationalization
Minister Mounir Fakhry Abdel-Nour of the Ministry of Investment, Foreign Trade and Industry will be concentrating on attracting investment, promoting foreign trade and industry after […]
Tunisia : IMF approval gives hope to Central Bank
A much delayed $506 million loan, part of a two-year $1.76 billion package agreed upon last year, approved by the International Monetary Fund (IMF) was […]
Egypt : Saudi Arabia’s aid package to save dwindling economy
Saudi Arabia will be offering $5billion to Egypt to save its declining economy. The Egyptian Stock Exchange has been on the decline forcing the Board […]
The sinking of Egypt’s currency
The Egyptian pound is still going through its worst period after reaching a new all-time low against the United States dollar at an average of […]