BENIN

Benin gets $125 million from IMF to respond to COVID-19 economic crisis and effects from border closure with Nigeria

The executive board of the International Monetary Fund (IMF) has approved the disbursement of $125.1 million to the West African country of Benin to respond to COVID-19 crisis. Benin had secured a loan...

Gozem and Etisalat Benin (Moov) announce the integration of Moov Money into the Gozem app

Hundreds of thousands of Gozem users in Benin can now enjoy the simplicity and security of Moov Money. The new integration of Moov Benin and Gozem means Gozem customers can now use Moov...

President Talon of Benin meets with Secretary Pompeo to strengthen ties. No meeting with Trump focused on impeachment trial

President Patrice Talon of Benin met with U.S. Secretary of State Mike Pompeo in Washington D.C. on Tuesday and both countries agreed to strengthen ties. There was no White House meeting with President Trump.

Democracy under threat in Benin Republic, letter to African Union, ECOWAS says

A Nigerian law firm has sent a letter to the African Union, the Economic Community of West African States, and to the Nigerian leader Muhammadu Buhari, warning about threats to democracy in Benin Republic .

IMF board approves disbursement of additional $22 million to Benin, part of $154.2 million loan secured in 2017

The executive board of the International Monetary Fund (IMF) on Friday approved the disbursement of additional $22 million to the West African country of Benin, part of the $154.2 million loan it secured in 2017 under...

Buhari admin glad over Nigeria’s border closure with Cameroon, Benin and others, citing billions of dollars in benefits

Two months into closure of Nigeria’s land border to curb smuggling activities, especially rice, President Muhammadu Buhari’s administration is betting on same measure to rekindle the agriculture sector. The government’s directive will save...

President Buhari asks judges to create special courts to speed up trials and quickly jail Nigerian criminals

President Muhammadu Buhari has called on judicial officers to work towards the creation of special courts to assist in the speedy administration and dispensation of justice in the country. Speaking Monday in Abuja at...

The faces of all African leaders at Russia-Africa summit in Sochi as officials welcome them with cake

A sea of African leaders has arrived in the Federal Republic of Russia for the Russia-Africa summit starting on Wednesday. In an earlier statement, President Vladimir Putin of Russia welcomed African leaders to economic forum...

Experts warn climate change could increase malaria deaths in Africa

Central Africa is fighting to maintain momentum in its battle with malaria in the face of other health challenges, climate change and other threats, according to a new report. The report, issued at...

My tribute to Robert Mugabe (1924-2019) – By former Nigerian VP Atiku Abubakar

Robert Mugabe was a hero of the African liberation struggle. No man is perfect and he had his flaws, but nobody can take this fact away from him: That he loved his country and its people,...

Latest News

IMF details state of the global economy amid COVID-19 pandemic

Earlier this week, we released our latest economic forecast and have downgraded our growth projection for the world...

How the right policies can help economic recovery in Asia – Perspectives by Chang Yong Rhee

For the first time in living memory, Asia’s growth is expected to contract by 1.6 percent—a downgrade to the April projection...

Remittances to fall by $100 billion in 2020 amid COVID-19 pandemic, drying up vital source of income for Africa

COVID-19 is crippling the economies of rich and poor countries alike. Yet for many low-income and fragile states, the economic shock will...

IMF forecasts economic tumult for South Africa with a contraction of 8 percent in 2020 amid COVID-19 pandemic

The International Monetary Fund (IMF) on Monday forecast an economic turbulence for South Africa in 2020 with growth shrinking by 8...

IMF forecasts economic turbulence for Angola in 2020 amid COVID-19 pandemic

The International Monetary Fund (IMF) on Monday forecast an economic turmoil for Angola in 2020 amid COVID-19 pandemic.

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