Guinea: President Conde fires top cabinet minister and others
Guinean President Alpha Conde has fired the country’s interior minister and two other government officials for “gross misconduct,” after they failed to handle a deadly […]
World Bank
Environmental degradation cost 12% lost to Ghana’s GDP
The World Bank in recent report indicates that Ghana is losing close to 12 per cent of its Gross Domestic Product (GDP) every year due […]
IMF downgrades Sub-Sahara’s growth forecast to 3.75% for 2015
In its latest African Economic Outlook released on Tuesday under the title “Dealing with the Gathering Clouds,” the International Monetary Fund (IMF) said that sub-Saharan […]
Angola issues first Eurobond for $1.5 billion
Angola, sub-Saharan Africa’s second-largest oil producer, launched its first Eurobond on Thursday with the aim of raising $1.5 billion for long-term economic development, the Finance […]
Angola cuts budget by 50% as oil prices fall
The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices. Vice President Manuel Vicente […]
UN, IMF, IDB seek billions to rebuild Middle East
The United Nations, the World Bank and the Islamic Development Bank announced a joint initiative on Saturday to scale-up financing in the Middle East and […]
Ghana: Gov’t launches $1 billion Eurobond
Ghana launched a $1 billion Eurobond on Wednesday at a 10.75 percent coupon rate, Finance Minister Seth Terkper said in a statement. “The bond is […]
Madagascar to pass long-delayed mining and petroleum bills in October
Madagascar’s Minister for Mines & Petroleum Joeli Valerien Lalaharisaina has declared Madagascar ready to do business with the international community and is currently in the […]
WB provides Angola $650 million to stabilize its economy
The World Bank agreed to give Angola $650 million in financial support to help stabilize an economy that’s reeling from a plunge in oil prices. […]
South Africa: Eskom’s Sere wind farm start full commercial operation
The Sere Wind Farm from Eskom, the South African electricity public utility, recently achieved its full commercial operational capacity of a 100 MW. The achievement […]