Over 22 million people in Mozambique, about two-thirds of the country’s population ...
In a move to further diversify its debt profile, Africa Finance Corporation, the leading infrastructure solutions ...
Ethiopia's coffee production is forecast to rise by 1% in the marketing year beginning October 2023
IMF Reaches Agreement with Kenya on Credit Facility
The International Monetary Fund (IMF) has reached a staff-level agreement with Kenya on the fifth review of the Extended Fund Facility and Extended Credit Facility Arrangements and the Resilience and Sustainability Facility.
Haimanot Teferra led the team that visited Nairobi for the fifth...
IMF Approves $3bn Loan for Ghana
The International Monetary Fund (IMF) executive board has approved a three billion U.S. dollar Extended Credit Facility for Ghana to help address its current economic crisis.
In a statement, the IMF said the decision would enable an immediate disbursement of about 600 million dollars to...
AfDB Approves $11.7m for African Farmers to Access Fertilizer
The Board of Directors of the African Development Bank has approved a $11.7 million budgetary allocation to the African Fertilizer Financing Mechanism (AFFM) for its 2023 operations.
The approval adds up to $16.4 million extended to the Facility to support its 2023...
In South Africa, the unemployment rate rose to 32.9% in the first quarter of 2023 from 32.7%
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has welcomed a statement from the Official Creditor Committee for Ghana on the importance of an IMF-supported economic program, together with its commitment to negotiate debt restructuring terms accordingly.
Between late February and March, the Government of Mozambique missed principal and interest payments
