This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Category: Finance
US donates Somalia $9 million worth of weapons, equipment for anti-al-Shabab campaign
The United States has provided $9 million in new military aid to help Somalia's ongoing campaign against al-Shabab militants, the US embassy in Mogadishu announced. ... Read More
Rough start to 2023: inflation persists in DRC, Senegal, S.Africa despite measures
Inflation constitutes one of the major economic problems all across Africa, with the food prices in the Democratic Republic of Congo (DRC) and South Africa ... Read More
Tanzania: Emmanuel Tutuba, new governor of Central Bank
Samia Suluhu Hassan, President of Tanzania, has appointed Emmanuel Tutuba as governor of the country’s central bank, in replacement of Florens Luoga, whose five-year tenure ... Read More
US, Türkiye take joint action to disrupt ISIS financing
The United States and Türkiye have disrupted ISIS’s ability to finance its operations by designating four individuals and two entities of an ISIS financial facilitation ... Read More
Madagascar: Central Bank Chief resigns, successor named
Henri Rabarijohn, the governor of Madagascar’s Central Bank (BFM)) has stepped down from his position on health conditions ground. President Andry Rajoelina has accepted the ... Read More
Angola’s debts to China, a record of over $40 billion
The UK's international institute Chatham House revealed that Angola is the African country that has borrowed the most from China in the last 20 years, ... Read More
US delists Burkina Faso from its Africa trade preference program
The United States has dropped Burkina Faso from its trade preference program citing deep concerns over “unconstitutional change” in government in the West African country, ... Read More
Angola: Supreme Court orders seizure of assets of daughter of former President
Angola's Supreme Court ordered Tuesday the preventive seizure of assets of Isabel dos Santos, daughter of former president Eduardo dos Santos, Africa News reports. The ... Read More
KfW provides Morocco over €52 Mln for new drinking water projects
Germany’s Development Bank (KfW) will provide Morocco’s National Office of Electricity and Drinking Water (ONEE) additional €52.6 million including €3.1 million grant for drinking water ... Read More
Tunisia: Inflation to top 10 % in 2023, deepening economic & political crises
Inflation will continue to soar in Tunisia reaching 10.5 pc in 2023 against 8.3 pc expected in 2022 deepening further the economic and political crisis ... Read More