Most Recent News

C.A.R to Launch Bitcoin Investment Platform Called ‘Sango’

The Central African Republic’s presidency announced the establishment of the continent’s first legal Bitcoin Investment Platform called ‘Sango’, extending the impoverished country’s embrace of digital finance despite warnings from the.

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IMF and Niger reach staff-level agreement on $53 million loan

The International Monetary Fund (IMF), and Niger have reached a staff-level agreement on a first programme review that will allow for disbursement of about $53 million if approved in June,.

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Tunisia Raises Domestic Electricity and Gas Prices

Tunisia has raised the prices of domestic electricity and gas, a government official has said, in the latest in a series of price hikes in a country whose public finances.

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Ghana will solve debt crisis without IMF help, Finance Minister says

Ghana is committed to managing its debt without assistance from the International Monetary Fund (IMF), Finance Minister Ken Ofori-Atta said, expressing his confidence that government measures were moving the country.

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Tanzania to ease pump pain with $43m fuel subsidy

Next month, Tanzania will spare motorists and households high pump price increases after the government announced a Tsh100 billion ($43 million) fuel subsidy. Speaking in Parliament, Energy minister January Makamba.

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Somalia seeks three-month extension of its IMF support programme

Somalia’s government has asked the International Monetary Fund (IMF), to extend its financial support by three months to Aug. 17, the head of the IMF’s country mission told Reuters. In.

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UN chief calls for debt relief, return to constitutional rule in some African Countries

UN Secretary-General, Antonio Guterres, on Sunday urged debt relief for African countries and more investment to help their economies recover from the COVID-19 pandemic and the impacts of the Ukraine.

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Kenya to receive $244m budget support from IMF

The International Monetary Fund, IMF, plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms.

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China committed to joining Zambia creditor committee – IMF’s Chief

China has committed to joining Zambia’s creditor committee, International Monetary Fund managing director, Kristalina Georgieva, said on Thursday, amid complaints from Zambia’s finance minister about delays to its debt restructuring..

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IMF set up new lending facility to cushion member states from economic shocks

The International Monetary Fund, IMF, has created a new lending facility to help build the resilience of its member countries against economic shocks. The facility, dubbed ‘The Resilience and Sustainability.

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