Africa Business Features Finance Headlines International

IMF vows endorsement to political, institutional reforms in Burkina Faso

The International Monetary Fund (IMF) Monday June 26, threw its support behind the ongoing institutional and political reforms in Burkina Faso, adding that it can provide funding for the transitional process. Martin Schindler, Deputy Division & Mission Chief of the Washington-based institution underlined the support during a meeting with the transitional leader of the West […]

Business Emerging Markets Features Headlines Morocco

IMF Chief Impressed by Morocco’s Economic progress

The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. “Morocco has exported 700,000 cars, which shows the country’s upward trend in this highly competitive sector. The North African Kingdom also manufactures aircraft […]

Europe Features Headlines International Tunisia

Tunisia refuses to become Europe’s ‘Border Guard’ to curb illegal migration

Nancy Faeser and Gerald Darmanin respectively German and French Interior ministers arrived Sunday in Tunisia for meetings with Tunisian authorities few days after the North African country said it will not allow itself to become a border control agent for other nations, amid the migration crisis facing both Tunisia and European Union States. The arrival […]

Features Headlines Tunisia

Kais Saied to carry out Cabinet reshuffle after July 25 – Ally

Tunisia President Kais Saied will carry out after July 25 a major Cabinet overhaul and will tap into domestic skills, Mahmoud Ben Mabrouk, member of July 25 movement – ally of the leader has revealed. July 25 movement also known as National Youth Movement of Tunisia, supports Saied and his July 25, 2021 actions during […]

Finance Tunisia

Tunisia warns IMF against red lines as talks for loan continue

Tunisia’s Foreign Minister Nabil Ammar indicated Thursday that the North African country is still in talks with the International Monetary Fund (IMF) for a $1.9-bllion loan, but warned there are red lines not to cross. “Tunisia will not break off negotiations with the IMF and its partners, but there is no question of crossing red […]

Business Features Finance Headlines Tunisia

AfDB forecasts 2.3 growth rate for Tunisia over 2023-2024 period

Tunisia will witness a 2.3 per cent economic growth rate in 2023 and 2024, the African Development Bank (AfDB) announced Wednesday, as it presented its economic outlook for 2023. The Abidjan-based institution also projects inflation to stand at 8.8 per cent over the same period. The inflation figure is slightly higher than that of the […]

Africa Business Features Finance Headlines International

IMF $3bn bailout package for Ghana defies Akufo-Addo’s ‘Ghana beyond aid’ policy

Ghana, formerly praised for its stability and good governance, is finally getting some breathing room after Ghanian officials announced last week (18 May) that the $3 billion bailout for the West African nations had finally been approved by the International Monetary Fund (IMF) Ghana has been facing a severe economic crisis since the onset of […]

Features Headlines Tunisia

Tunisia luring UAE investments

Tunisia has invited United Arab Emirates (UAE) investors to attend the country’s international investment forum slated for early November as authorities seek around $2 billion to supplement the national budget. Samir Saied, the Minister of Economy and Planning, Anadolu news agency reports, met with the envoy of the Gulf country to Tunisia and presented a […]

Africa Business Emerging Markets Features Headlines International

G7 Summit 2023: Africa demands seat at global table as nations eye its resources

As the leaders of the Group of Seven (G7) wealthy democracies converge for a summit in Japan, winds of change are blowing for Africa, which has so far been more of a discussion topic rather than an active participant in international politics, but is now demanding its rightful place in global dialogues and decision-making processes. […]

Asia Business Finance Headlines International Tunisia

Tunisia, South Korea ink multiple agreements

Tunisia and South Korea signed Thursday in Tunis several agreements in multiple areas including investment and trade, ahead of the second Economic Forum between the two countries, Tunisie Numerique reports. Najla Bouden, Tunisia’s Premier, the media notes, received a high-key South Korea delegation headed by Park Heong Joon, who doubles as Mayor of Busan Metropolitan […]