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 […]
Sudan’s President Omar al-Bashir has stepped down after nearly four months of protests against his rule and consultations are under way to set up a transitional council to run the country. According to international media reports, the 75-year old former president, who ruled the country for 30 years with an iron fist, is under house […]
Senegalese President Macky Sall Saturday chalked the torrential rains that fell on capital Dakar and the entire country on climate change, Sene News reports. “The heavy rains are due to the climatic disturbances in the world. This makes the rains much more intense and the damage very important. The weather forecast had announced it: at […]
