An African Union review panel criticized credit ratings companies for aggressive downgrades of countries on the continent during the coronavirus pandemic.
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Old Mutual Alternative Investments (OMAI) hopes to launch a new pan-African affordable housing fund towards the end of 2021, joint CEO Paul Boynton stated.
The Public Financial Management Reform Project (PFMRP) will support the Ministry of Finance in expansion of the Integrated Financial Management Information System (IFMIS) coverage and…
Shortly after Trump reimposed nuclear sanctions on Tehran on November 5, the international financial messaging system SWIFT announced the suspension of several Iranian banks from…
Zambia is shelving projects that are not almost complete and will renegotiate loans, as it seeks to contain ballooning debt and entice the International Monetary Fund (IMF) to restart talks on a support package.
“The government of the Republic of Mauritius is deeply concerned by this situation and is of the view that the list stems from a misunderstanding…
Gabon’s Minister of Budget and Public Accounts, Jean-Fidèle Otandault has said the implementation of austerity measures should result in savings of up to CFA 140…
Exports from the Indian Ocean island nation fell by 11.7 percent to 4.87 billion rupees
Uganda’s national debt has nearly trebled in the last three years to more than 50 percent of gross domestic product, creating a risk of default risk, since nearly two-thirds of that borrowing is external, the central bank said.