Ghana’s Finance Ministry expects the International Monetary Fund (IMF) to approve the disbursement of the first tranche of $600 million loan this week. The Minister of...
East African country, Tanzania has revealed that its liquefied natural gas (LNG) project costs $42 billion, exceeding initial estimates. The project was formerly located offshore and...
East African country, Uganda has agreed to a four-year production-sharing deal with Australian firm, DGR Global for the exploration of oil in its west. Uganda’s Energy...
International lender, Paris Club has announced that official sector creditors of Ghana have formed a committee co-chaired by China and France for debt restructuring talks. Ghana...
Kenyan telecoms operator, Safaricom has been granted an operating mobile money transfer licence by the National Bank of Ethiopia (NBE). The NBE announced in a statement...
An official of the International Monetary Fund (IMF), Julie Kozack has revealed that talks are ongoing with Ethiopian authorities for fresh debt restructuring. Kozack, who is...
Egypt’s inflation rate fell from 39.5% in March to 38.6% in April. The Egyptian central bank released data on Wednesday which showed headline inflation on a...
Zambia has continued its attempts to have its debt restructured, as its president, Hakainde Hichilema met French President, Emmanuel Macron in Paris on Wednesday with the...
The Rwandan unit of international financial firm, I&M Bank has confirmed that it lost $10.3 million to fraudulent customer withdrawals under three months. The firm disclosed...
A recent regional survey has revealed that Ethiopia now tops Kenya’s investments in the East African region. The survey shows that Tanzania and Uganda have been...