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Africa
Pension Funds will not be Included in Ghana’s Domestic Debt Restructuring.
According to a letter signed by the finance and labor ministers, as well as an alliance of trade unions, Ghana…
World Bank Grants $311 million for West Africa’s Renewable Energy.
The World Bank has granted $311 million in International Development Association financing to improve West…
Kenya’s Producer Inflation Hits Highest Points Since 2019.
The Producer Price Index (PPI), which measures the cost of manufacturing, reached 16.53 percent in June before…
Tanzania: NBC Bond Trades at DSE Following a Successful Sale.
The National Bank of Commerce (NBC) bond, which was recently completed, is now open to investors through the Dar…
Ghana’s Economy Grows Slowly in the Third Quarter.
According to preliminary data from the Ghana Statistical Service (GSS), the economy grew 2. 9% less slowly between…
Kenya Campaigns for an Import Ban on Radioactive Waste.
In accordance with a continental agreement to prevent Africa's borders from becoming a dumping ground for foreign…
Kenya: Treasury Announces a New Plan for Sh110 billion in Syndicated Loans.
According to an International Monetary Fund (IMF) report, Kenya will take out syndicated loans totalling Sh110. 7…
Ghana’s Third-quarter Growth Dips to 2.9%
According to the statistics office, Ghana's third quarter economic growth dropped to 2. 9% year over year from 6.…
IMF Approves Disbursement of $447.39 million to Kenya
The International Monetary Fund's (IMF) board has approved the disbursement of $447.39 million to Kenya after a…
Due to Halted Debt Payments, S&P Downgrades Ghana’s Sovereign Rating to…
A day after Ghana announced it would stop making debt payments, the global rating agency S&P cut the country's…
Kenya: Consumers Suffer as Shilling Hits a New historic Low.
Following the shilling's historic low against the dollar, which created the conditions for higher import costs and…
Kenya: The CMA Grants Financial Intermediaries Four Licenses.
The Capital Markets Authority (CMA) has issued four licenses to banks and financial intermediaries as investment…
Government Defers Debt Payments while Conducting Consultations.
The government has temporarily stopped paying a number of foreign debts to organizations that have extended loans…
African Opposition Prevent the U.N. Global Nature Deal from Passing.
A historic worldwide agreement to safeguard the environment and channel billions of dollars toward conservation…
Ghana Dollar Bonds Fell Following the Government’s Announcement to Halt Debt…
After the government declared, it will stop making payments on Eurobonds, foreign commercial loans, and some…
Ghana Declares a Suspension of its Repayment of its External Debt.
In light of the greatest economic crisis in a century, Ghana's finance ministry announced that it was halting debt…
Rwanda and Nigeria are the First African Countries to Sign the “Artemis…
The National Aeronautics and Space Administration (NASA) Artemis Accords have been signed by Nigeria and Rwanda.…
IMF to Inject $3bn into Ghana’s Economy.
Ghana has reached an agreement with the International Monetary Fund (IMF) for a $3 billion injection into the…
AWHF Urges Tanzania to Use its Heritage Resources.
Tanzania has been challenged to maximize the value of its spectacular heritage resources. The country's numerous…
Microsoft Targets Internet Expansion in Africa.
According to Microsoft Corp. (MSFT.O) President Brad Smith, the company plans to ensure internet access for 100…
Africa’s Food Crisis is the Worst Yet.
African governments haven't done much to stop periodic food crises. Leaders vowed in 2003 to devote at least 10%…
Ghana Secures Conditional Approval for $3bn IMF Support.
Ghana and the International Monetary Fund (IMF) have reached a preliminary agreement for the fund to support the…
World Bank Approves $18 Million for Nigeria and Others to Support Effective…
In order to enhance efficient disease surveillance in West Africa, the World Bank Group has granted a total of $18…
There are Currently no Takers for the Debt Exchange Program.
The Central Securities Depository Limited (CSD) is still waiting for the consent of institutional bondholders…
Kenya’s Highest and Lowest Paying Industries are Revealed.
The financial and insurance sectors employ the greatest proportion of Kenyans earning more than Sh100,000,…
Growth Expectations, Monetary, and Fiscal Policies.
Fiscal and monetary policy are essentially macroeconomic instruments used to control or stimulate the economy.…
US Pledges to Invest $55 billion in Africa before the Summit.
As President Joe Biden gears up to host the U.S.-Africa summit this week and speak with a select group of leaders…
Nigeria Rescinds the COVID-19 Examinations for International Travellers.
The COVID-19 testing requirement for international travellers was lifted by Nigeria on Monday, 12th December 2022…
Kenya’s Centum Pays Dollar Loans to Cut Costs Over a Weak Shilling.
Investment company Centum intends to pay off its dollar-denominated debt soon in order to avoid increasing finance…
Absa Says Africa’s Top Investment Destinations Includes Tanzania.
Tanzania has been rated as one of the best investment locations in Africa due to its robust regulatory…