Most Recent World News

Nigeria’s Central Bank Raises Interest Rate to 14%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate (monetary policy rate) to 14% from 13%, being the second.

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‘Gov’t Committed to Ending Electricity Nightmare’ – Finance Minister

The Liberia Minister of Finance and Development Planning, Samuel Tweah, has reiterated the government’s commitment to ending the cycle of insufficient electricity during the dry season. Tweah added that the.

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Building Sustainable Economies in Africa Through Public- Private Partnerships

A sustainable economy is resilient and provides a good quality of life for everybody. Every nation desires to have a sustainable economy that builds upon its successes for continuous growth..

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IMF calls for quick creditor agreements on Chad, Ethiopia, Zambia debts

The International Monetary Fund, IMF, on Thursday called on creditor committees for Chad, Ethiopia and Zambia to quickly reach agreements with authorities to restructure the countries’ debts, saying this could.

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AfDB supports generalization of social coverage program with $87 million

The African Development Bank Group, AfDB, will lend Morocco €87 million to help the country implement the Support Program for the Generalization of Social Coverage. The primary objective of this.

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African start-ups explore metaverse and NFTs to tackle economic woes

It might sound like science fiction, but a Nigerian-born tech entrepreneur thinks he has found a way for Africans to escape problems such as inequality and bad government — a.

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Zimbabwe to introduce gold coins to tame inflation

Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The central.

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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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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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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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