IMF reaches Staff-Level Agreement to release $251 Million for Ethiopia
The International Monetary Fund (IMF) has reached on November 27 a key agreement with Ethiopia on the second review of its economic aid program, clearing […]
Inflation
Mozambique’s Central Bank cuts interest rate to 12.75%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique announced on November 27 a reduction in the monetary policy interest rate, known as the […]
IMF improves Cape Verde growth estimates
The International Monetary Fund (IMF) has revised its economic growth projections for Cape Verde, raising its estimates by 1.3 percentage points for 2024 and 0.3 […]
Cape Verde Bank foresees growth path in the country
Forecasts from the Bank of Cape Verde align with those of other international financial and development institutions, indicating positive economic growth driven by tourism and […]
Nigeria Faces Dire Child Malnutrition Crisis Amid Mounting Challenges
Northern Nigeria is grappling with an unprecedented child malnutrition crisis, exacerbated by rural violence and soaring food inflation. Aid organizations report overwhelming num bers of […]
Ghana agrees to restructure $5.4 billion in debt with new MoU
Ghana has signed a memorandum of understanding (MoU) with bilateral creditors, including China and France, to restructure $5.4 billion of debt. This agreement is crucial […]
Central Bank Governor Warns of Inflation Upside Risks and Financial Conditions in South Africa
South Africa’s inflation outlook presents potential upward risks, according to Central Bank Governor Lesetja Kganyago. Despite the adverse effects of El Nino weather conditions across […]
Central Bank of Nigeria Establishes Minimum Capital Base Requirements for Banks
The Central Bank of Nigeria has introduced revised minimum capital requirements for banks in a move aimed at bolstering their resilience and fortifying the country’s […]
Cape Verde closed 2023 with inflation rate of 1.3%
Cape Verde closed 2023 with an inflation rate of 1.3%, the National Statistics Institute (INE) announced on Monday January 15, a sharp slowdown from the […]
Nigerian President Tinubu unveils first budget of his term
Nigerian President Bola Ahmed Tinubu presented the first budget since coming to power on Wednesday November 29, focusing on security and economic growth amid high […]