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IMF

Mozambique: World Bank resumes direct support to the State Budget

August 29, 2022 Steven Addamah 0

World Bank to disburse $300 million in direct support to Mozambique’s State Budget, six years after international partners suspended the model due to hidden debts. […]

Suez Canal announces record profit of $7 billion

July 5, 2022 Steven Addamah 0

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 in Lusaka to bail out debt

June 16, 2022 Steven Addamah 0

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

May 11, 2022 Steven Addamah 0

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

April 29, 2022 Steven Addamah 0

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

April 28, 2022 Steven Addamah 0

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

February 10, 2022 Khalid Al Mouahidi 0

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

January 28, 2022 Steven Addamah 0

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

December 6, 2021 Steven Addamah 0

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”

November 11, 2021 Steven Addamah 0

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 […]

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News

  • Sahara: Madrid reiterates support to Morocco-proposed autonomy initiative

    February 3, 2023 0
  • Ethiopia: Orthodox Church accuses Prime Minister of interference

    February 3, 2023 0
  • Elon Musk-owned SpaceX opens shop in Nigeria

    February 3, 2023 0
  • Kenya to export value-added tea to Australia

    February 2, 2023 0
  • Somalia: Regional anti-Shebab summit in Mogadishu

    February 2, 2023 0

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