Coronavirus: South African economy highly affected
It is a figure that confirms South Africa’s difficulties. In the second quarter of this year, gross domestic product collapsed by 51%. This is unprecedented […]
International monetary Fund
IMF helps Ghana face economic fallout
As growth falters and the government’s financing needs expand, Ghana received an aid from the International Monetary Fund. The West African country which was promoting […]
COVID-19: Tunisia tourism could lose $1.4bln
In Tunisia, the tourism sector could lose $1.4 billion and 400,000 jobs this year due to the new coronavirus pandemic, local media reported. In a […]
Ghana asks China to step up on Africa debt relief
China must do more to help ease the debt burden of African countries facing economic calamity as a result of the coronavirus pandemic, Ghana’s finance […]
Zimbabwe lays off over 3,000 civil servants
zimbabThe government of Zimbabwe has laid off over 3000 workers, as President Emmerson Mnangagwa tries to make good on its promise to cut the bloated […]
IMF approves $76.3mln credit facility for Cameroon
The Executive Board of the International Monetary Fund (IMF) has completed the third review of the 3-year economic program (2017-19) under the Extended Credit Facility […]
Tunisia to receive $500 million Saudi loan
Saudi Arabia will give Tunisia a $500 million loan at a favorable interest rate, Reuters reported on Wednesday. According to Nourredine Ben Ticha, an advisor […]
Kenya to raise $2.8 bln from Eurobond, loans
Kenya is looking forward to raise $2.8 billion from Eurobonds in the coming months. This will be Kenya’s third Eurobond quest since 2014. The country […]
Ethiopia: France to back Prime Minister Abiy’s reforms
Ethiopia’s Prime Minister Abiy Ahmed met President Emmanuel Macron of France on Monday in Paris on his first official visit to Europe since taking office […]
IMF cuts Ghana’s 2018 GDP growth to 6.3%
The International Monetary Fund (IMF) has revised downwards its earlier 6.8 per cent Gross Domestic Product (GDP) projection for Ghana economy 2018 to 6.3 per […]