IMF chief Lagarde visits Benin, forecasts 6% growth in 2018
Managing Director of the International Monetary Fund, Christine Lagarde, has started an African tour in Benin on Monday. Lagarde who spoke in a joint press […]
International monetary Fund
Chad: Idriss Deby sacks finance minister amid oil-for-cash loans saga
Chad’s President Idriss Deby, on Thursday, sacked Finance Minister Christian Georges Diguimbaye and his deputy, Banata Tchalet Sow. Diguimbaye was replaced by Abdoulaye Sabre Fadoul, […]
Nigerian economy grows 1.4% in Q3 2017
Africa’s largest economy grew 1.4 percent year-on-year in the third quarter, the statistics office said on Monday.Data published by Nigeria’s National Bureau of Statistics (NBS) […]
Cameroon to issue 10 billion CFA francs in treasury bills
The Cameroonian government on Wednesday, returned to the regional market of the Bank of Central African States (BEAC) to raise a 10 billion CFA francs […]
Malawi’s economic growth to exceed 5.5 % in 2017 – President
Malawi’s 2017 economic growth will exceed 5.5 percent, President Peter Mutharika said on Friday. The expansion of the southern African nation’s economy would beat the […]
Africa’s intra-trade reaches 13% – UNECA
Trade among African countries accounts for only 13% of the continent’s overall trade, the United Nations Economic Commission for Africa said on Wednesday. The commission […]
Gabon unveils $300 million new port Harbor
The Gabonese government on Saturday, unveiled a $300 million port as the central African nation seeks to modernize the existing Port of Owendo. The new […]
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 […]
Senegal: National revenue records a surplus of 560 billion CFA
Senegal’s economy has recorded a revenue surplus of over 560 billion CFA, data from the West African nation’s office of economic planning, policies and finance […]
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 […]