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Somalia licences first two foreign banks since 1970

The Central Bank of Somalia (CBS) has licenced the first two foreign lenders since 1970. Central Bank Governor Abdirahman Mohamed Abdullahi said Egypt’s Banque Misr and Turkey’s Ziraat Katli can.

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Liberia, World Bank Sign US$44.6M Financing Agreement

Liberia’s Ministry of Finance and Development Planning (MFDP) and the World Bank have signed financing agreements for two projects totalling US $44.6 million. The first project is the Liberia Women’s.

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IMF, Ghana to Discuss Possible $3bn Loan to Support Economy

The IMF will send a team to Ghana this week to begin discussions about a possible $3 billion bailout loan, the fund announced Tuesday. The visit, which will run between.

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2023 Africa Cup of Nations Postponed to 2024

Confederation of African Football president, Patrice Motsepe, has announced the postponement of the 2023 Africa Cup of Nations finals in Ivory Coast to 2024. Motsepe confirmed the postponement in Rabat,.

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EU rolls out $1.3 billion to help Nigeria diversify its economy

The European Union (EU) and its development finance institutions will provide Nigeria with 1.29 billion euros ($1.3 billion) to help Africa’s most populous country diversify its economy away from oil,.

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Leaders of Congo and Rwanda to meet for talks in Luanda – officials

Democratic Republic of Congo President Felix Tshisekedi will meet his Rwandan counterpart, Paul Kagame, for talks in Angola this week, officials said Monday. There were no details on what they.

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Egypt’s engineering industry exports record $1.551B within 5 months

Egypt’s engineering industry exports increased by about 31 per cent to register $1.551 billion in the first five months of 2022, compared to $1.185 billion during the same period last.

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Pres. Weah Sets Up Minimum Wage Board

In a bid to address decent work conditions for the workforce of Liberia, the Minister of Labour, Cllr. Charles H. Gibson has been appointed chairman of the Minimum Wage Board..

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