Kenya loses $2m weekly as the tea sector crisis spirals
Finlay Kenya has industry observers worried about the future of the crop. As part of the sale agreement, Browns and...
Foreign
Avoid adverse effects of protectionism, IMF warns
The International Monetary Fund (IMF) has warned its member nations against the adverse effects of protectionism as a response to...
Tanzania to end frequent power blackouts in two years
Tanzania expects to end frequent power blackouts in most parts of the country in two to three years, with several...
ECA calls for inclusive tax system to secure SDGs
The United Nations Economic Commission for Africa (ECA) has called for an inclusive international tax system and an overhaul of...
AfDB’s $20m for investment in private equity fund on infrastructure
The Board of Directors of the African Development Bank Group (AfDB) has approved an equity investment of $20 million in...
China pledges increased economic cooperation with Nigeria
Chinese President XI Jinping has pledged increased economic cooperation with Nigeria, saying the country is important to Africa and the...
World Bank approves loan to support fisheries in Philippines
The World Bank has approved a 176-million-U.S. dollar loan on Wednesday to fund a fisheries project that aims to improve...
Distress Ghana gets IMF’s lifeline of $3bn
In mid-May 2023 the International Monetary Fund (IMF) finally approved a US$3 billion 36-month arrangement with Ghana. It immediately disbursed...
Africa Finance Corporation secures $625m loan from Middle East, Asia
In a move to further diversify its debt profile, Africa Finance Corporation, the leading infrastructure solutions provider on the continent,...
IMF advises Nigeria on revenue generation, debt reduction
The International Monetary Fund has urged the incoming government of President-elect, Sen. Bola Tinubu to take steps to increase the...
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