Suez Canal announces record profit of $7 billion
The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) in the 2021-2022 fiscal year, after repeatedly raising transit […]
IMF
IMF in Lusaka to bail out debt
The IMF’s financial support to Zambia to bail out a massive debt that has put the country into default is expected to be concluded in […]
IMF board approves $456 million program for Mozambique
The International Monetary Fund on Tuesday granted a $456 million (€432 million) loan to Mozambique, the first since it withdrew six years ago at the […]
Food prices: IMF warns of “risks of social unrest” in Africa
Soaring food prices are causing the International Monetary Fund to fear “social unrest” on the continent. “Fears about food security have increased sharply” with the […]
Central African Republic, 1st African country to adopt bitcoin as legal currency
The Central African Republic, the second least developed country in the world according to the UN, has adopted bitcoin as an official currency alongside the […]
IMF: Morocco’s economy is rebounding thanks to successful vaccination rollout against Coronavirus
Thanks to a successful vaccination campaign, Covid-19 cases have declined sharply in 2021, and the Moroccan economy is rebounding, says the International Monetary Fund in […]
Malawi: Partial government after the dismissal of the former team
Malawi’s President Lazarus Chakwera, bound by a campaign promise to root out state corruption, appointed a partial government on Wednesday night, after the surprise dismissal […]
Debt-ridden Zambia wins round with$1.4 bln promised IMF aid
Zambia’s new president, Hakainde Hichilema, has won a promise of 1.24 billion Euros in aid from the IMF after 100 days in power and intense […]
Manuel Chang will be extradited to the United States to stand trial in the “hidden debt”
Former Mozambican Finance Minister Manuel Chang, detained in South Africa, will be extradited to the United States to stand trial in the “hidden debt” scandal […]
Morocco scores best economic growth performance in MENA – IMF forecasts
Morocco will score the best economic growth performance in the MENA region as shown by the forecasts of the International Monetary Fund (IMF), which has […]