IMF approves $666 mln loan for Cameroon
The International Monetary Fund executive board on Monday approved a $666 million, three-year extended credit facility for Cameroon to support economic and financial reforms in […]
IMF
France’s Macron meets with Alassane Ouattara, promises to boost ties
French President Emmanuel Macron on Sunday vowed to strengthen military partnership with Côte d’Ivoire, as he met with the west-African nation’s leader Alassane Ouattara at […]
Cape Verde boosts economic ties with China
Chinese Foreign Minister Wang Yi this weekend announced major development projects in Cape Verde as the two nations are looking to further deepen bilateral ties. […]
IMF team to visit DR Congo as economic crisis deepens
International Monetary Fund Managing Director, Christine Lagarde on Thursday proposed a visit of IMF officials in Democratic Republic of Congo to check the state of […]
Ivory Coast to reduce 2017 Budget on low cocoa prices
Ivorian President Alassane Ouattara on Wednesday announced plans to cut the 2017 budget of the west-African nation by 10 percent due to a sharp drop […]
Algeria’s Foreign Exchange Reserves fall to $109 bln in February 2017
Algeria is on course of depleting its coffers as its foreign exchange reserves continue to dwindle to stand at $109 billion dollars at the end […]
Egypt: WB disburses $1 billion in financial assistance
The World Bank has allocated $1 billion in financial assistance to Egypt as the North African seeks to revive its ailing economy hit by the […]
Ghana predicts 6.5 percent budget deficit for 2017
Ghana’s Finance Minister Ken Ofori-Atta on Thursday said the government aims to reduce its budget deficit and inflation in 2017 as it plans to stabilize […]
UN expert urges lenders to act as Tunisia seeks foreign investment
A UN independent expert on foreign debt and human rights on Wednesday encouraged international lenders to lend additional support to Tunisia, which is struggling to […]
Less than 1% of Naira Notes are Fake – Nigeria’s Reserve Bank
The Central Bank of Nigeria (CBN) on Tuesday said less than one percent of the west-African nation’s local currency in circulation is fake. The reserve […]