Zimbabwe’s ambition to make the ZiG its sole domestic currency now depends on economic conditions rather than a fixed deadline, leaving households and businesses with a longer test…
by Staff WriterKenya is seeking nearly $1 billion in financing from the World Bank and African Development Bank as negotiations for a new International Monetary Fund programme remain unresolved, leaving…
by Staff WriterHARARE, 8 September (TownPress) — Zimbabwe risks triggering capital flight and driving more transactions onto the parallel market if it forces the US dollar out of its economy…
by Staff WriterSouth Africa has secured a R26 billion loan from the World Bank to support critical reforms, with the aim of revitalising the country’s infrastructure and addressing structural weaknesses…
by Staff WriterTUNIS - The World Bank has approved a $120 million loan for Tunisia to support access to finance for Tunisian small and medium enterprises, the bank said in…
by Reuters AfricaMinisters from Egypt, Ethiopia, and Sudan agreed on Wednesday to reconvene in Washington later this month to finalize an agreement on a giant hydropower dam on the Blue…
by Staff WriterThe World Bank has cut economic growth for South Africa to below 1% for 2020 due to electricity supply concerns, among other things. The bank now forecasts the…
by Staff WriterPresident Cyril Ramaphosa said that the G-20 Summit in Japan was a success.
by Staff WriterZambia is committed to improving the transparency of its debt management and will ensure that debt levels remain sustainable, President Edgar Lungu said on Tuesday, responding to concerns…
by Staff WriterTransparency International, a corruption watchdog, has accused Abacha of stealing up to $5 billion (R 64 billion) of public money during the five years he ran the oil-rich…
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