The International Monetary Fund (IMF) has attributed the recent Nigeria’s social protest, (EndSARS) to economic difficulties, saying that conditions in Nigeria for the last four years have been very difficult in the wake of the decline in oil prices in 2015-16.
“Since then, their growth has been quite anemic ” … Read More
Tunisia gets US$245 million loan installment from IMF
According to reports, the International Monetary Fund (IMF) have approved a loan installmental payment of US$245m to Tunisia. This approved sum is the fifth payment under the loan programme between IMF and the North African country.
The IMF loan programme will aid … Read More
Malawi secures US$112.3m credit facility from IMF.
The International Monetary Fund (IMF) and the Government of Malawi have sign a three(3) year US$112.3m loan agreement. This credit facility is to assist Malawi’s economic and financial reforms. It is also for establishing macroeconomic stability, spur growth and reduce poverty.
With this … Read More
Ethiopia to become 2018 Africa’s fastest growing economy.
Latest IMF forecasts reveals that Ethiopia will overtake Ghana as the fastest growing economy in 2018. Bretton Woods institution data shows that Ethiopia will record an 8.5 percent growth rate. This will eventually surpass Ghana’s 6.3 percent growth rate.
According IMF, entry … Read More
The Group Managing Director of Afrinvest, Ike Chioke, unveils the preview of Nigerian’s economy and financial market.
Afrinvest (West Africa) Limited has disagreed with a report credited to the International Monetary Fund (IMF), which said that the nation’s foreign exchange market is still deep in uncertainty.
The company said such … Read More
October 24, 1964 Zambia gained independence from Britain. Fifty-Three (53) years later, we took a look into this peaceful African country.
Zambia recently celebrated it’s 53rd Independence Anniversary from Great Britain on October 24th. The event highlighted Zambia’s qualities, as being peaceful while promoting unity in the Southern African Development … Read More