Zambia admits serious financial difficulties due to Covid 19 pandemic
Having failed to meet a $42.5 million payment due to its Western creditors in October, Zambia acknowledges that it has serious cash flow problems, but […]
International monetary Fund
DRC: Mining contracts have been published as requested by the International Monetary Fund
The various memorandum of understanding and mining contracts required by the International Monetary Fund have been published. They both concern Sokimo and Miba. These contracts […]
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 […]
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 […]