IFC and Citi sign 1.6 billion rand facility in South Africa
World Bank IFC and Citi launch new funding facility to help companies manage currency mismatch risks in South Africa.
IFC and Citi sign 1.6 billion rand facility in South Africa Read More »
finance
Afreximbank secures $1.75B financial lifeline for Angola’s energy
Afreximbank has announced a $1.75 billion syndicated receivables purchase facility to help Angola’s national oil company, Sonangol, meet its operating and capital requirements.
Afreximbank secures $1.75B financial lifeline for Angola’s energy Read More »
Ethiopia restructures $8.4 billion in debt to stabilize economy
Ethiopia secured a deal to restructure $8.4 billion in debt, aiming to stabilize its economy after years of financial strain and high inflation.
Ethiopia restructures $8.4 billion in debt to stabilize economy Read More »
Ghana government ends several Covid-era taxes
Ghana’s government has scrapped several IMF-linked taxes to ease economic hardship, pledging new revenue measures.
Ghana government ends several Covid-era taxes Read More »
Ethiopia bondholders dispute IMF report on solvency concerns
The bondholders believe the IMF’s analysis undervalues Ethiopia’s economic fundamentals and overstates the need for debt relief.
Ethiopia bondholders dispute IMF report on solvency concerns Read More »
Nigerian lawmakers approve $36.6 billion budget for 2025
The budget prioritizes security, infrastructure development, and measures to address the rising cost of living.
Nigerian lawmakers approve $36.6 billion budget for 2025 Read More »
Ethiopia nears completion of debt restructuring negotiations
Ethiopia’s Finance Minister has announced that the country is in the “final stages” of negotiations to restructure its sovereign debt.
Ethiopia nears completion of debt restructuring negotiations Read More »
Africa pushes for GDP recalculation at G20 despite doubts
African leaders are planning to push for a recalculation of GDP at upcoming international summits, arguing that current measures fail to adequately reflect the value of their vast natural resources.
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Diageo sells Guinness Ghana stake to Castel Group
Diageo, the spirits giant, has agreed to sell its 80.4% stake in Guinness Ghana to Castel Group for $81 million.
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Zambia’s SEC penalizes Standard Chartered for bond mis-selling
Zambia’s Securities and Exchange Commission has sanctioned Standard Chartered for mis-selling Chinese property bonds to a local client, according to a source.
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