GHANA CLOSES IN ON $10 BILLION DEBT RELIEF AFTER IMF LOAN

A $3 billion, three-year loan package for Ghana was approved by the executive board of the International Monetary Fund (IMF) on Wednesday. Allowing for an...

CONGO’S $1 BILLION WORTH OF PROJECT FUNDING PUT ON HOLD BY WORLD BANK

Funding for humanitarian and development plan in the Democratic Republic of Congo that is worth over $1 billion has been put on hold by...

GHANA’S AKER ENERGY TO START PRODUCTION AT PECAN OIL FIELD 

Ghana oil firm, Aker Energy, sees numerous opportunities in the DWT/CTP Block, and is starting with development of the Pecan Field.  The development scheme is...

GHANA SEEKS $600 MILLION FROM IMF FOR ITS BATTERED ECONOMY

Ghana awaits the International Monetary Fund (IMF) to approve a first loan tranche of $600 million as soon as Wednesday. The loan is expected to...

ANGOLA OVERTAKES NIGERIA AS AFRICA’S LEADING PRODUCER OF CRUDE OIL.

Angola overtakes Nigeria as Africa's leading producer of crude oil following a drop in production. Organization of Petroleum Exporting Countries (OPEC) made this known...

IMF’S EXPECTATIONS CONTINUES TO BE CONFOUNDED IN RWANDA

The National Bank of Rwanda (NBR) has maintained its Central Bank Rate (CBR) at 7% in spite of the pressure from the International Monetary...

TROUBLE FOR NIGERIA OVER RISING DEBT, SAYS BUDGET OFFICE

Nigeria, according to the Budget Office of the Federation, now has "limited borrowing space" because of its subpar debt-to-revenue ratio. The Budget Office says...

BILATERAL RELATIONS: NIGERIA PLANS DIRECT FLIGHT TO PAKISTAN

The Federal Government of Nigeria has revealed that plans to begin a direct flight from Nigeria to Pakistan has commenced, stressing that such move...

RWANDA BANK LOSES $10.3 MILLION TO FRAUDULENT CLIENT WITHDRAWALS

The I&M Bank Rwanda affiliate lost $10.3 million due to fraudulent client withdrawals in less than three months. This loss prompted investigations to recover...
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