OECS

Libya: Central Bank takes loan, budget not voted

Spokesman Omar Hmeidan of the General National Congress has said that Libya will be taking a 2,55 billion Libyan dinar emergency loan to finance the functioning  of the government after lack of income.  Libya’s main source of income is oil and gas but the rebels have laid siege on several oil ports and fields thereby […]

Burkina Faso: Former Prime Minister Kabore wins outright victory

The leader of the People’s Movement for Progress (MPP) and former Premier under deposed Blaise Campaore, Roch Marc Christian Kabore, was announced winner of the first free and fair presidential elections after decades of dictatorship and a troubled transitional period. Provisional results published by the national electoral commission give 53.49 % of the votes to […]

AfDB allocates $4.5 mln to improve governance in 14 African municipalities

The African Development Bank said it has allocated $4.5 million to back projects in 14 African municipalities. In a statement, the bank said that 500,000 dollars- as part of the same funding -will be earmarked to improving the quality of urban governance including through the launch of a capacity-building and consulting program to enhance municipal […]