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 […]
World Bank
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 launches free High School program for 400,000 students
Ghana’s president Nana Akufo-Addo on Monday launched his government’s flagship education program, Free Senior High School, to enroll about 424,092 students during the 2017/2018 academic […]
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 […]
Ghana’s oil production increases by 67%
Ghana’s oil production has increased by 67 percent in the first half of 2017 compared to the same period in 2016, the semi-annual report on […]
Nigeria’s Aliko Dangote to invest up to $50bn in US, Europe
Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $20bn to $50bn in the United States and Europe over the next seven […]
WB loans to Guinea to amount to $574 Million in 2017
World Bank Vice-President for Africa Makhtar Diop, who has just paid a visit to Conakry July 15-17, confirmed that Guinea will receive $574 million loan […]
US congress to okay $525 million deal with Côte d’Ivoire
The United States’ sponsored program, the Millennium Challenge Corporation (MCC), on Thursday submitted to the US Congress “for examination and consideration,” a budget proposal for […]
Mugabe donates $1mln Check to AU
Zimbabwe president Robert Mugabe on Monday handed over a check of $1 million to the African Union, part of efforts to help push the regional […]
Benin secures WB loan to ease power crisis
The World Bank has granted a loan of $ 60 million (34.6 billion CFA francs) to Benin to improve the energy performance in the west-African […]