Many African nations have developed a deep reliance on the International Monetary Fund (IMF) as they seek solutions to address gaps in their economies. However, when…
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The African Development Bank (AfDB) has disclosed that illegal financial flows and profit shifting by multinational corporations operating in Africa cost the continent almost $1.6 billion…
The International Monetary Fund (IMF) has announced that it has reached a staff-level agreement with authorities in Egypt, unlocking access to approximately $1.2 billion in funding.…
The death toll from Cyclone Chido in Mozambique has risen to 94, according to the country’s disaster management agency, as reported by AFP on Sunday. The…
Nigeria has depended on foreign loans to fund infrastructure projects and close budget deficits, much like many other developing countries. Even though these loans can boost…
The communications director of the International Monetary Fund (IMF), Julie Kozack, has cautioned against Kenya’s attempt to obtain a Sh200 billion ($1.5 billion) loan from the…
Egypt’s middle class is bearing the brunt of economic reforms backed by the International Monetary Fund (IMF), with many struggling to afford what were once considered…
The International Monetary Fund (IMF) is set to begin its postponed fourth review of Egypt’s 46-month loan programme this week, Prime Minister Mostafa Madbouly confirmed on…
The International Monetary Fund (IMF) announced it has approved $606 million in loans to Kenya as the country tries to pay off its debts and increase…
Kenya’s Supreme Court has reversed an appeal court ruling on Tuesday that had invalidated the 2023 finance law, marking a win for President William Ruto’s government.…