Economy

From Malabo, Buhari makes another promise to Nigerians, this time, to begin construction of Ajaokuta-Kaduna-Kano gas pipeline

President Muhammadu Buhari Friday said that the Federal Government would soon commence the construction of the 600-kilometre Ajaokuta-Kaduna-Kano gas pipeline which would move gas from the Southern part of the country to the Nor

CHILLING DATA FROM AFRICA: $42 billion financing gap exists between men and women as 70 percent of women remain excluded financially

There are many myths against women in Africa, but the "high-risk" myth for financing is one of the most damaging to women and the society. According to that debunked and discredited, but yet,...

FULL TEXT: IMF on Botswana’s economy in 2019 and 2020

IMF Staff Completes 2019 Article IV Mission to Botswana End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement...

Botswana’s economy facing headwinds in 2019 but expected to recover in 2020 as the diamond market normalizes, IMF says

The economy of Botswana will get worse in 2019 but recover in 2020, the International Monetary Fund said in a statement on Wednesday. IMF said growth is expected to slow to about 3½...

Equatorial Guinea announces winners of 2019 oil, gas and mining blocks in 2019 bid round. Seven companies awarded concessions for nine blocks

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced the winners of the 2019 licensing round for its oil, gas and mining acreage. Officially launched in April, the round received interest from 53...

Latest News

Kristalina Georgieva calls on Lebanon to reform to receive financial assistance from IMF

The Managing Director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva said on Sunday that...

Kristalina Georgieva calls on Lebanon to reform to receive financial assistance from IMF

The Managing Director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva said on Sunday that Lebanon should embrace reforms to...

Nigerian activists ask World Bank to ‘tread carefully’ before disbursing $114.28 million loan to Buhari administration to fight COVID-19

Nigeria's Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to the World Bank President Mr David Malpass, urging...

Climate financing by seven leading multilateral development banks tops $61.6 billion

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5 billion...

IMF approves disbursement of $152.61 million to Gabon to respond to COVID-19

The International Monetary Fund (IMF) on Friday approved a disbursement of $152.61 million to Gabon to respond to COVID-19 economic fallout.

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