Nigerian President Bola Tinubu met top officials of the Islamic Development Bank (IsDB) to negotiate a “multi-billion dollar infrastructure finance facility” to help build ports and power plants, his spokesperson said on Tuesday. Tinubu held talks with IsDB vice president […]
As the world anticipates the 28th United Nations Conference on Climate Change (COP28), Angola presents itself as a compelling investment destination. Scheduled to take place in Dubai, this event is not only a pivotal moment in international climate action but […]
Central bank digital currencies have the potential to replace cash, but adoption could take time, said Kristalina Georgieva, managing director of the International Monetary Fund on Wednesday. “CBDCs can replace cash which is costly to distribute in island economies,” she […]
GDP projections play an important role in defining the economic strategies and policies of governments throughout the world. These projections are particularly essential for African countries since they provide insight into the continent’s overall development trajectory, growth potential, and economic […]
Nigeria’s naira firmed to 1,000 per dollar on the black market on Monday, online platform abokiFX showed, recovering from a record low of 1,300 naira, after the central bank started to clear outstanding currency forwards owed to banks. The naira […]
Projections of the gross domestic product (GDP) are a significant factor in determining the economic plans and policies of nations worldwide. These forecasts are especially important for African countries since they provide light on the continent’s general development trajectory, growth […]
Zambia’s official creditors and the International Monetary Fund have “expressed reservations” about a debt restructuring deal the government has reached in principle with an international bondholder group, the finance ministry said Friday. Zambia and the bondholder group’s steering committee are continuing […]
The dollar’s rebound extended for a third day on Wednesday after some Federal Reserve policymakers left the door open to further rate hikes, as traders looked to a speech from Chair Jerome Powell on the central bank’s future policy path. […]
Uganda and Vitol Bahrain have chosen the Dar es Salaam port in the capital city of Tanzania as its entry point for its oil imports. This was done to foster the relationship between both East Africa countries. The move follows […]
The Ugandan government is on the brink of replacing the open tender system currently employed by Ugandan firms for the procurement of petroleum products from Kenya. Energy Minister Ruth Nankabirwa has presented the Petroleum Supply (Amendment) Bill 2023 in parliament, […]
