Suez Canal announces record profit of $7 billion
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 […]
International monetary Fund
IMF in Lusaka to bail out debt
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
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
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
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 […]
Malawi: Partial government after the dismissal of the former team
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 […]
Nigerian government maintains fuel subsidies
Nigeria’s government has announced that it will once again abandon the removal of fuel subsidies, a hugely popular measure in Africa’s most populous country, a […]
Debt-ridden Zambia wins round with$1.4 bln promised IMF aid
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 […]
Morocco scores best economic growth performance in MENA – IMF forecasts
Morocco will score the best economic growth performance in the MENA region as shown by the forecasts of the International Monetary Fund (IMF), which has […]
IMF extends debt relief program for 24 poor countries
The International Monetary Fund (IMF) has extended its debt relief program for 24 eligible low-income countries until January 10, 2022 to help them combat the […]