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Category: Finance
AfDB to hold Annual Meetings in Nairobi May 27-31
The African Development Bank, AfDB, will hold its 59th annual meetings this year in Nairobi from May 27 to 31, the Abidjan-based lender has announced. ... Read More
Remittances from African diaspora grew in 2023, set to exceed $100bn in 2024
Global remittances from African diaspora to their home continent are set to exceed $100bn a year amid demographic trends in Europe such as an aging ... Read More
Morocco’s economic growth to improve to 3.2% in 2024 despite drought
Morocco’s economic growth would pick up to 3.2% in 2024 from 2.9% expected in 2023, amid persisting drought but improving exports, planning agency HCP said. ... Read More
Gabon abolishes Luxury Car Tax
Gabon has scrapped luxury car taxes that provided the State with $82,000 last year, ‘Gabon Review’ reports citing 2024 draft Budget Bill. On the contrary, ... Read More
EU provides Mauritania €9.5m to support reforms in health, education
The European Union has granted Mauritania €9.5 million earmarked to prop up the national budget of the African country in favor of some reforms in ... Read More
Nigeria’s Naira, Kenyan Shilling worst hit of Africa’s devaluing currencies in 2023 with no hope in sight
African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria's Naira and Kenyan Shilling experiencing ... Read More
Chad’s new Premier turns own monthly salary into scholarships
Chad’s Prime Minister Succes Masra announced Sunday he will not take his monthly salary that, he said, will be converted into scholarships for the promotion ... Read More
Morocco: Economic growth to reach 2.4% in Q1-2024 – HCP
Morocco’s economic growth is expected to reach 2.4% in Q1-2024, marking a decline from the +3.5% growth recorded during the same period the previous year, ... Read More
CAF ups AFCON 2023 winner’s prize money to $7m
The Confédération Africaine de Football (CAF) announced Thursday a 40% increase in the Prize Money for the Winner of the TotalEnergies Africa Cup of Nations ... Read More
World Bank helps Gabon finance digital transformation project with $68.5m loan
Gabon has secured a credit facility of $68.5 million to finance “Projet Digital Gabon”, a digital transformation project aiming at creating an environment conducive to ... Read More