Sierra Leone seeks new $253M loan from IMF
Sierra Leone has requested a 38-month Extended Credit Facility (ECF) from the International Monetary Fund, valued at approximately $253 million
Sierra Leone seeks new $253M loan from IMF Read More »
IMF
Rising concerns over Senegal’s fiscal challenges ahead of election
Senegal’s growth forecast has been revised down to 6.0% from an earlier projection of 7.1%, due to weaker performance in mining, construction, and agro-industry sectors
Rising concerns over Senegal’s fiscal challenges ahead of election Read More »
Nigeria’s Dangote Refinery begins supplying gasoline to local market
The refinery, located on the outskirts of Lagos, has a capacity of 650,000 barrels per day
Nigeria’s Dangote Refinery begins supplying gasoline to local market Read More »
Egypt’s money supply grows rapidly despite IMF pressure
Despite IMF pressure, the central bank continues to support the government’s spending.
Egypt’s money supply grows rapidly despite IMF pressure Read More »
Egypt slaps up to 50% hike on electricity bills
The move is part of the country’s economic reform agenda tied to an IMF loan.
Egypt slaps up to 50% hike on electricity bills Read More »
Ethiopia’s currency float sparks hope for debt relief
Bondholders have rejected the government’s proposed debt haircut, setting the stage for tense negotiations.
Ethiopia’s currency float sparks hope for debt relief Read More »
Ethiopia faces backlash over $1 billion bond proposal
A group of bondholders holding over 40% of Ethiopia’s $1 billion bond has expressed disappointment with the government’s proposed 20% principal haircut.
Ethiopia faces backlash over $1 billion bond proposal Read More »
Ethiopia licenses independent forex bureaus
Ethiopian government is taking concrete steps to liberalize its economy by allowing independent forex bureaus to operate.
Ethiopia licenses independent forex bureaus Read More »
Ethiopian birr falls to 107.9 at auction
Ethiopia’s central bank set the exchange rate at 107.9 birr per U.S. dollar in a special auction to align with a market-determined system and secure IMF support.
Ethiopian birr falls to 107.9 at auction Read More »
Egypt’s NFA continues upward trend after two-year slump
The country has taken steps to stabilize its currency and attract foreign investment.
Egypt’s NFA continues upward trend after two-year slump Read More »