Zambia’s effort to have it deal restructured has made significant progress as the country has engaged lenders to facilitate the formal cancellation of over $2 billion....
Amidst the dwindling nature of the Nigerian economy, its apex bank said it concerned about the value of the naira and is making deliberate efforts to...
There is relief in sight for Zambia as its creditors on Saturday pledged to negotiate a restructuring of the country’s debts. The International Monetary Fund’s managing...
Professional association of Banks and Financial Establishments (ABEF) in Algeria has revealed that it has lifted restrictions on banking operations for foreign trade with Spain. The...
Inflation in East Africa giant, Kenya has hit a 61-month high with 8.3% year-on-year in July, up from 7.9% a month earlier. The official statistic source,...
In joint effort that is expected to strengthen ties across the Sahara, Algeria, Nigeria and Niger have signed a memorandum of understanding to build a natural...
The Moroccan government says the country’s economy was boosted by $1.96 billion by the tourism sector in the month of May alone. Data released on Thursday...
The Reserve Bank of Zimbabwe (RBZ) on Monday, launched gold coins which will serve as the country’s legal tender in a bid to stem rising inflation...
A subsidiary of the African Development Bank (AfDB), the African Development Fund, has approved a $5.4 million grant to support food security programmes in Somalia. The...
The European Union has continued its push to source alternate gas supply beyond Russia. The EU is seeking additional gas supplies from Nigeria. According to the...