Most Recent World News

Egypt’s Sisi, Kuwait Crown Prince talk ways of enhancing bilateral ties

President Abdel Fattah El-Sisi met with His Highness the Crown Prince of Kuwait, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, on the sidelines of the Jeddah Regional Summit with the United States.

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Algeria and Italy Reach $4bn Gas Deal

Algeria and Italy have agreed on a deal worth $4bn and will see the North African country provide large quantities of natural gas. Algerian President, Abdelmadjid Tebboune made the announcement.

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IMF approves $235.6 million disbursement to Kenya on loan review

The International Monetary Fund, IMF, said its executive board approved a $235.6 million disbursement to Kenya on Monday as it approved a third review of the country’s Extended Credit Facility.

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TRANSCO CLSG Hails Pres. Weah for Inclusion of US$14m in Recast Budget for Electricity

The Management of TRANSCO CLSG applauds the Liberian Government’s decision to allocate US$14 million through the recast budget for 2022 towards efforts to improve access to stable and affordable electricity.

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Chad creditors to meet this week; IMF calls on Glencore to ‘step forward’

Chad’s official creditor committee will meet this week amid growing pressure from the International Monetary Fund and others for progress on the country’s request for debt restructuring, two sources briefed.

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Africa’s Illicit Financial Flows Now $80bn – CDD

The Director of the Centre for Democracy and Development (CDD), Idayat Hassan, has said that the Illicit Financial Flows (IFFs) in Africa has risen to $80 billion. Her comment was.

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Cameroon to Increase Investment on Wheat Production

Cameroon President Paul Biya says the government will increase funding to grow more wheat after protests over wheat shortages and price spikes sparked by Russia’s invasion of Ukraine. Before Russia’s.

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Zambia plans to cancel over $2 billion projects to rein in debt

Zambia is cancelling more than $2 billion worth of projects financed by commercial loans to reduce the risk of accumulating more non-concessional debt, the ministry of finance said. In 2020,.

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African Caucus wraps up meeting with adoption of Marrakesh Declaration

The 2022 meeting of the African Consultative Group of Finance Ministers & Central Bank Governors of the 54 African Member States of the World Bank and the IMF wrapped up.

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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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