The International Monetary Fund (IMF) has approved a loan of $226 million for Cameroon. The funds will help the country meet an urgent balance of payment…
Author: Nasir Agbalaya
The reality of some or all the 5,000 staff of South African Airways losing their jobs could happen as soon as May 12. It still dependent…
The International Monetary Fund has approved $411 million in emergency funding to Ethiopia to ease the negative economic effects and fallout from the coronavirus outbreak. According to an emailed statement,…
South Africa has almost doubled its funding for the national airline to 16.4 billion rand ($1.1 billion), cash which will go towards supporting a restructuring plan…
Zimbabwe’s troubled national airline has failed to secure outside investment, thereby dealing a blow to government plans to sell state-owned assets and secure much-needed revenue. The…
By the first half of 2019/2020, covering more than six months of imports, Tanzania accumulated $5.5 billion worth of gold and dollar reserves The country’s benchmark…
Kenya’s biggest lender by assets, KCB Group, has forecast a 15% growth in its loan to clients this year owing to the removal of a cap…
Countries in the East Africa region are discussing the adoption of stringent traceability mechanisms for the gold industry to stamp out rampant smuggling across East and…
Nigeria’s central bank has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves and prevent…
Long queues of people seeking to buy fuel have overtaken roads in Sudan. Now, it is common for people to skip work for petrol and it…