Ethiopia inks $1 bln World Bank deal to support reforms
The new reformist Prime Minister of Ethiopia Ahmed Abiy has secured a $1 billion deal from the World Bank to continue the ongoing reforms in […]
IMF
Egypt increases gas prices by 75%, part of austerity measures
The Egyptian government on Saturday raised gas prices for households and businesses by between 33.3 and 75 percent, the latest move in an IMF-backed austerity […]
Ghana is open for business – President Akufo-Addo tells South Africans
Ghanaian President Nana Addo Dankwa Akufo-Addo on Thursday spoke at the Ghana-South Africa Business Forum, held in Pretoria, as part of his State Visit in […]
IMF to consider bailout for debt-crippled Congo Republic
The Executive Board of the International Monetary Fund will examine Congo Republic’s request for a bailout on July 6, the international lender said on Wednesday. […]
Millions of Ghanaians not benefiting from booming economy—UN
The UN Special Rapporteur on extreme poverty and human rights said millions of people in Ghana are not benefiting from the country’s booming economy, but […]
South African firms urged to invest in public projects in Zambia
Zambia’s finance minister has urged South African firms to invest in roads and power plants in the Southern African nation after it suspended borrowing indefinitely. […]
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 […]
African nations at risk of debt distress despite growth – IMF
The International Monetary Fund on Tuesday warned that Sub-Saharan African nations are at growing risk of debt distress. This came in the IMF regional economic […]
Congo has “met” criteria for an IMF deal
Congo Republic over the weekend said it fulfilled the criteria for a deal with the International Monetary Fund (IMF) to revamp its debt-crippled economy. The […]
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 […]