Ethiopia devalues Birr to cope with foreign currency crunch
The National Bank of Ethiopia (NBE) on Tuesday announced a devaluation of the country’s currency, the birr by 15% in a bid to cope with […]
IMF
Ghana extends IMF credit Facility program to 2019
The Government of Ghana, on Wednesday, extended the credit facility program with the International Monetary Fund (IMF) by a year following a conclusion of an […]
Congo: Prime Minister, Cabinet Resign amid Economic Turmoil
Congo’s Prime Minister Clement Mouamba on Thursday resigned along with the rest of his cabinet, days after veteran President Denis Sassou Nguesso called for new […]
Tanzania’s first quarter growth slows to 5.7 %
Tanzania’s economic growth slowed to 5.7 percent in the first quarter of this year from 6.8 percent previously, the statistics office of the East African […]
Mali: economy to post 5.3% growth in 2017
Malian economy is expected to grow by 5.3% this year and 5% the following year, the International Monetary Fund reported. These performances will be driven […]
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 […]
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 […]