Côte d’Ivoire: Alassane Ouattara reverses his decision, enters presidential race

The outgoing Ivorian president Alassane Ouattara announced on Thursday his candidacy for a third term in the presidential election to be held next October. He had initially said he would not stand for re-election, leaving his runner-up Amadou Gon Coulibaly to wear the colors of the ruling Rally of Houphouëtists for Democracy and Peace (RHDP). […]

Africa to have stronger voice in IMF, as WB warns African central banks against risky monetary initiatives

The International Monetary Fund (IMF) has announced that sub-Saharan Africa will be allocated a third seat on the global lender’s executive board, while the World Bank has warned the central banks in Nigeria, Ethiopia, and Uganda not to overplay their hand in getting involved in risky monetary initiatives. Sub-Saharan Africa will have a “stronger voice” […]

Fresh financing deal: Egypt gets $1.5 billion from ITFC to finance petroleum & basic commodities imports

The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]