The International Monetary Fund (IMF) has reduced its growth forecast for several African countries, warning that the continent’s economic progress may slow down if certain challenges are not addressed quickly. …
The Kenyan government has announced that it will reduce its fiscal deficit to 4.5 percent of its Gross Domestic Product (GDP) for the 2025/2026 financial year. This is a step …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to ensuring long-term economic stability, financial inclusion, and policy transparency as Nigeria continues with …
African financial markets are currently facing a challenging situation, influenced by both global and local factors. There is growing uncertainty in the global economy, as well as domestic political tensions …
A new audit of the National Bank of Ethiopia (NBE) has revealed serious financial troubles, including massive losses in foreign exchange dealings and gold trading, as well as rising government …
The International Monetary Fund (IMF) has released $1.2 billion to Egypt as part of the country’s ongoing economic reform plan. This marks the fourth payment under the Extended Fund Facility …
Nigeria’s net foreign exchange reserves (NFER) have risen to $23.11 billion at the end of 2024, according to the Central Bank of Nigeria (CBN). This figure is $15.6 billion lower …
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt following the completion of the fourth review of the country’s economic reform program. This decision underscores the …
The International Monetary Fund (IMF) has claimed that President Lazarus Chakwera’s government is making efforts in stabilizing the country’s economy. The IMF delegation led by first deputy manager Gita Gopinath …
Rwanda becomes the first African Country to Receive a $319 Million Arrangement under the newly established Resilience and Sustainability Facility (RSF) The RSF will support Rwanda’s ambitious agenda to build …