Finance - Page 3
Sudan: IMF Executive Board Concludes 2010 Article IV Consultation
On June 23, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Sudan.
Economic growth weakened in 2009,...
Ethiopia: European Investment Bank’s clarification of involvement in Gibe 3 project
The European Investment Bank confirms that it is no longer involved in the Gibe III hydroelectric project as the Ethiopian government has found alternative...
Ethiopia allocated €15 million by EC
Today, the European Commission has adopted a €15 million aid package to address a critical food security situation in Ethiopia where an estimated 5.2...
IFC Supports Better Investment Climate and Small Businesses Growth in Lesotho
IFC Vice President for Business Advisory Services, Rachel Kyte, said today that IFC is committed to supporting private sector development in Lesotho by backing...
MobiCash: A new money transfer service for Moroccans
"MobiCash" a new feature in international money transfer for Moroccans living abroad has been put in place by Maroc Telecom since the beginning of...
Zimbabwe: Mugabe rejects western assistance
President Robert Mugabe on Thursday shocked his inner circle when he boldly declared that the southern African country does not need Western aid to...
Sudan: Khartoum rejects South Sudanese oppression claims
Khartoum government has refuted allegations that it oppresses southern Sudan.
This follows demonstrations by people from southern Sudan living in Uganda on the streets...
Nigeria gets help from China to refine its own oil
Nigeria has moved to improve its oil production and refining as China prepares to build an $8bn oil refinery in the country that would...
Zimbabwe bank robbers with South African connections?
Zimbabwe Central Bank has issued a warning to all banks to tighten security surrounding cash after a series of high profile robberies. They have...
Moroccan economy to be “regionalized”
King Mohammed VI decided in January to accelerate Morocco's "regionalization" process in order to revamp the Northern African country's 16 regions, which date back...
IMF and World Bank Announce Comoros Can Start Receiving Debt Relief
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have determined that the Union of the Comoros has taken the...
IMF and World Bank Announce US$4.6 Billion Debt Relief for Liberia
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have decided to support US$4.6 billion of debt relief for Liberia,...
Societe Generale and Obopay Bring Mobile Money to Africa
Societe Generale, one of the leading financial services groups in the world, and Obopay, a leading mobile banking and payment provider, today announced they...
Ghana sits on borrowed money & borrowed time
The World Bank Ghana Country Office’s Conference Room was the scene of lively discussions and startling revelations on Friday, 18th June 2010.
It emerged in...
Is Ghana amongst the worst-branded in Africa now?
On June 9th this year, a certain Daniel Fisher, a Senior Editor at Forbes Magazine specialising in macroeconomic and legal issues, wrote an article...
Equatorial Guinea Statement on UNESCO Decision to Delay the Award of the UNESCO-Obiang Mbasogo Prize
The Government of Equatorial Guinea (Republica de Guinea Ecuatorial) released the following statement today in response to the announcement by UNESCO's Director-General, Irina Bokova...
Equatorial Guinea: “Dictator Prize” suspension only a temporary fix, says Human Rights Watch
UNESCO's decision today to delay awarding a controversial prize named after and funded by the dictator of Equatorial Guinea is a positive initial step,...
Statement of the IMF Mission to Zimbabwe
An IMF mission visited Harare during June 2-10, 2010 to review recent economic developments and assist the government in the preparation of the mid-year...
MF Executive Board Approves US$109 Million ECF for Benin
The Executive Board of the International Monetary Fund (IMF) today approved a new three-year arrangement under the Extended Credit Facility (ECF) for a total...
Ethiopia: IMF Executive Board Completes First Review Under Ethiopia’s ESF Arrangement and Approves US$58.7 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) approved today the first review of Ethiopia's economic performance under the 14-month arrangement under the...
African economy boosted as AfDB rises to challenge
The 45th summit of the African Development Bank (AfDB) that took place between May 27 to 29 in Côte d'Ivoire presented a rare opportunity...
Economic melt down excuse raises HIV/AIDS fears
Donors have been cutting funding for HIV/AIDS in eight African countries as a result of the global economic meltdown. This increasing phenomenon has forced...
Southern Sudan HIV/AIDS infections on the rise
The chairman of an anti-HIV/AIDS campaigning group, The Southern Sudan Network of People Living with HIV-AIDs, Lole Laila has said that about 7,000 people...
Malawi could lose millions in aid after gay verdict
Malawi risks forfeiting its annual aid donations from the United Kingdom and other western partners if it does not reverse the court verdict of...
Africa’s green revolution gets a boost
A second Green Revolution is starting to take root in Africa, says Cameroonian-born agriculture specialist A. Namanga Ngongi. And that is important because agriculture...
America’s Sole Black-Owned Swim Club Seeks to Avoid Closure
Nile Swim Club, the nation's only African-American operated swim club is facing dire financial straits and sale, dimming their recent celebration of 50 years...
Ethiopia lands Chinese loan approval for mega Gilgel Gibe III hydro-power project
A Chinese loan has been secured for Ethiopia’s biggest Hydropower project, Gilgel Gibe III, after years of pressure from foreign environmentalists blocked access to...
Ethiopia Railway finally gets Chinese funding after Indian delay
After several years of actively seeking financial support for the development of a crucial transportation network, the Chinese Government has granted Ethiopia a multi-billion...
Ethiopia: Ruling party gets huge boost from business community
Top Ethiopian businessmen have confirmed their support for the Ethiopian People’s Revolutionary Democratic Front (EPRDF) by donating 32 million birr for its election campaign...
Zimbabwe: War veterans warn finance Minister
Militant veterans of Zimbabwe's liberation have laid sedge on Finance minister Tendai Biti demanding more money from a bankrupt government.
The veterans, who are in...