Sosten Gwengwe’s fingers crossed on Extended Credit Facility

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Sosten Gwengwe’s fingers crossed on Extended Credit Facility

Minister of finance Sosten Gwengwe is keeping his fingers crossed over a possible Extended Credit Facility (ECF) programme with the International Monetary Fund (IMF), about 36 months after cancellation of the previous programme in September 2020. But he echoed a sentiment by the Reserve Bank of Malawi (RBM) Governor Wilson Banda who recently observed that […]

Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi

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Tunisia: U.S. Calls On Tunisia to Finalise Negotiations With IMF As Soon As Possible

[Tunis Afrique Presse] Tunis/Tunisia -- Deputy Secretary of the US Department of the Treasury for Africa and the MENA Region Eric Meyer called on Tunisia to speed up the finalisation of negotiations with the International Monetary Fund (IMF) to address the economic crisis exacerbated by the

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Source: allAfrica.com

Zimbabwe: Zim On Cusp of Glory . . . As Inflation Takes a Tumble

[The Herald] Zimbabwe's annual rate of inflation declined to double digit level for the first time in nearly two years this month, hitting 56,37 percent, with President Mnangagwa noting the fall marked yet another key milestone in the turnaround of the economy and the opening of economic growth.

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Source: allAfrica.com

Africa: Elevating Political Leadership for Pandemic Preparedness and Response - Ellen Johnson Sirleaf & Helen Clark

[The Independent Panel] Briefing to the UN General Assembly -- Remarks from the Former Co-Chairs, former President Ellen Johnson Sirleaf and Prime Minister Helen Clark

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Source: allAfrica.com

Uganda: Govt to Cut Travel Budgets, Seeks Shs600b to Solve Oxygen Crisis

[Monitor] Finance Minister Matia Kasaija has said government will seek to raise Shs600b from within budget cuts for different allocations to provide emergency funds to facilitate the Ministry of Health in partly dealing with the current runaway oxygen crisis and surging Covid-19 cases.

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Source: allAfrica.com

Nigeria: Buhari Seeks Access to 25% Unused Donor Funds for African Countries

[Daily Trust] President Muhammadu Buhari has asked the International Finance Institutions to approve 25 to 30 percent of unused Special Drawing Rights (SDR) for African countries.

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Source: allAfrica.com

Africa: Developing Country Solidarity Needed to Overcome Pandemic

[IPS] Kuala Lumpur and Sydney -- As rich countries have delayed contagion containment, including mass vaccination, in developing countries, much weaker fiscal efforts in the South have worsened the growing world pandemic apartheid.

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Source: allAfrica.com

Once-thriving economy in trouble as Ethiopia’s Abiy cracks down | Fin24

Ethiopia has been beset by unrest since the unbanning of opposition and rebel groups stoked political fragmentation and long-suppressed rivalries among rival ethnic groups.

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Source: https://www.news24.com

State freezes civil servants hikes to meet IMF conditions but blames corona

SRC was expected to undertake a review for the pay for government employees this year, as part of the exercise it undertakes every four years.

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Source: https://www.standardmedia.co.ke

Zimbabwe: Budget Review to Inject Hope Amid Covid-19

[The Herald] The midterm budget review statement that will be presented in Parliament this afternoon by Minister of Finance and Economic Development Mthuli Ncube is expected, along with details of the continued successes of economic reforms and growth of infrastructure and other services, to look

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Source: allAfrica.com

Africa: President Cyril Ramaphosa - Paris Summit On Financing African Economies

Press Release - I wish to begin by thanking President Macron and the French government for convening this important summit.

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Source: allAfrica.com

Zimbabwe: Getbucks Bemoans 'Informalised' Economy for Its Lack of Trust in Banks

[New Zimbabwe] LISTED microfinance bank, GetBucks has bemoaned the informal economy sector's disinterest on entrusting banks with their businesses and savings.

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Source: allAfrica.com

IMF delegation concludes mission in Congo for credit facility review | Africanews

The Congolese authorities are hoping to reach the same conclusion as in the first review for an Extended Credit Facility agreement.

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Source: Africanews | Latest breaking news, daily news and African news from Africa

Congo: Reactions as President's son gets key appointment in new cabinet | Africanews

A new government cabinet is in place in the Republic of Congo. It comes after the appointment of a new Prime Minister, with 11 new ministers, including Denis Christel Sassou, son of the Congolese president.

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Source: Africanews | Latest breaking news, daily news and African news from Africa

Tanzania to Join Covax Vaccines Sharing Facility

[VOA] Dar Es Salam, Tanzania -- Tanzania has asked to join the COVAX global vaccine sharing facility and start its first coronavirus immunization campaign - more than 15 months after the start of the pandemic. The new policy is a major departure from the policies of late president John

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Source: allAfrica.com

Africa’s Covid-19 corruption that outweighs pandemic | Africanews

Even as the pandemic continues to ravage the world, some countries have reported continued theft of Covid-19 response funds. In Africa, a number of countries have reported rampant corruption and theft of cash and other incentives meant to caution against the impacts of the disease.

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Source: Africanews | Latest breaking news, daily news and African news from Africa

Africa Finance Summit : How can economies recover from Covid-19? | Africanews

Africanews' Afolake Oyinloye is at the Paris summit with the latest news.

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Source: Africanews | Latest breaking news, daily news and African news from Africa

Angola backs COVID-19 vaccine patent waiver | Africanews

Angola's finance minister said her country fully supports the Paris summit's call and the AU's vision to set up vaccine production centres on the continent

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Source: Africanews | Latest breaking news, daily news and African news from Africa

‘US$1,5bn mining deal must be fair to Zim’ - NewsDay Zimbabwe

BY SHAME MAKOSHORI CHINESE firm, Afrochine Smelting last week made an emphatic and strategic move into Zimbabwe’s chrome mining sector in Mashonaland The post ‘US$1,5bn mining deal must be fair to Zim’ appeared first on NewsDay Zimbabwe.

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

Reason why AfCFTA was signed - NewsDay Zimbabwe

COUNTRIES of the African continent have now attained political independence. The first country on the continent to gain independence was Ghana in The post Reason why AfCFTA was signed appeared first on NewsDay Zimbabwe.

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

We need to close vaccination gap - NewsDay Zimbabwe

BY the end of May 2021, only 2,1% of Africans had received at least one dose of a COVID-19 vaccine. We need to close the vaccination gap between advanced economies and developing countries to avoid what Tedros Ghebreyesus, head of the World Health Organisation, has called “vaccination

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

Mozambique: True Cost of Hidden Debts Already Over U.S.$11 Billion

[AIM] Maputo -- The scandal of Mozambique's "hidden debts" has already cost the country at least 11 billion US dollars, and has plunged an additional two million people into poverty, according to a detailed study of the costs and consequences of the debt published on Friday by the anti-corruption

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Source: allAfrica.com

Tunisia hopes to revive tourism sector via Eastern European visitors | Africanews

Tunisia hopes to revive its tourism sector by way of Eastern European visitors who appear undeterred by the ongoing coronavirus pandemic.

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Source: Africanews | Latest breaking news, daily news and African news from Africa

Nigeria: El-Rufai and the Miseducation of Nigerian Youths (I)

[Daily Trust] The "roforofo" fight between Governor El-Rufai of Kaduna State and labour leaders have come and gone. Let us assume that is the phase I because both parties had to sheathe their swords upon the intervention of the federal government. While the standoff lasted, hateful words were

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Source: allAfrica.com

U.S. to pull El Salvador funds on 'deep concerns' over recent dismissals - Stabroek News

SAN SALVADOR, (Reuters) - The U.S. Agency for International Development (USAID) is pulling aid from El Salvador's national police and a public information institute and will instead redirect the funding to civil society groups, the agency's head said in a statement

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Source: Stabroek News - Guyana's Most Trusted Newspaper

Quitting IMF Program Not Possible Now: Pakistan Finance Minister – The Wilmington Journal

ISLAMABAD — Pakistan has indicated the nation cannot come out of the International Monetary Fund program and agreed to review the Federal Board of Revenue’s powers of arresting taxpayers in consultation with senators. “It is not possible to get out [...]

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Source: The Wilmington Journal

Ghana: How Jerry Rawlings Used Democratic Structures to Legitimise Military Rule

[The Conversation Africa] The late Jerry Rawlings led two coups in Ghana before twice being elected president in multiparty polls. Whether you associate him with anti-imperialism, democracy or political violence, the fact is that he was able to retain military and popular control of Ghana for over

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Source: allAfrica.com

Hearts do break - The Times Group Malawi

By Mankhokwe Namusanya: This one starts on Facebook. It is not always that people send a message in the inbox as a response to a status. They just like, or comment on, the status. Then move on to their interesting lives. On this day, I got three. Two from men, one from a lady. “That

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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi

Kenya Raises $1 billion in oversubscribed Eurobond sale - The Kenya News

Kenya raised $1 billion (over R14 billion) in its first Eurobond sale in two years as the East African nation balances between the need to fund its economic recovery and lower its debt burden.The 12-year bonds, priced to yield 6.3%, received more than $5.4 billion in orders following a three-day…

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Source: The Kenya News

Seychelles: African Development Bank Loans Seychelles U.S.$20 Million to Cover Budget Gap

[Seychelles News Agency] The African Development Bank (AfDB) has approved a $20 million loan to support the Seychelles' government budget, said a top official on Thursday.

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We’re going the wrong way, says UPP - Barbados Today

Barbados is lurching from one crisis to another with an opposition party slamming the Mottley administration for hedging most of its bets on hundreds of millions in borrowed money that plunges the country further into indebtedness. Lynette Eastmond, the vice-chairman of the United Progressive

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Source: Barbados Today - News You Can Trust.

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