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Burundi secures $271m loan facility from IMF to support economic reforms

The International Monetary Fund’s executive board has rubber-stamped a $271 million Extended Credit Facility meant to address the country’s protracted balance of payments needs, rebuild external buffers and support the government’s reform agenda. The Washington-based financial bilateral lender will disburse $62.6 million immediately. The loan is Burundi’s first Upper Credit Tranche-quality arrangement with the IMF […]

After FIFA, the World Bank sets up regional HQ in Morocco

Rabat, Morocco’s capital city, will host the new regional headquarters of the World Bank, according to local press report. The move strengthens the Kingdom’s economic attractiveness and position as a gateway to African markets. Morocco has gained the trust of the World football governing body for hosting FIFA Africa Office. The World bank followed suit, […]

State of Angola’s economy taking centre stage in the polls

After the last decades of civil war, an oil boom, corruption scandals, the state of Angola’s economy will be one of the biggest and most decisive issues when the country’s citizens go to the polls on Wednesday (24 August). Millions of Angolan youths are voting for the first time in the country’s 5th election since […]