Ethiopia debt service expenditure up 26 percent
For two consecutive years, debt service continues to be the highest budgetary line item, absorbing 159 billion Birr, up 26 percent from last year’s budget (2022/23), while defense budget is down 40…
Botswana’s economy slows to 3.8 percent in 2023, IMF predicts
The International Monetary Fund (IMF) predicted Botswana’s economic growth to slow to 3.8 percent in 2023.
UN warns of soaring $92 trillion global public debt
The United Nations Secretary-General today presented the report, “A world of debt. A growing burden to global prosperity” and issued a grave warning as global public debt reached an all-time high of…
Russia invites African businesses for business cooperation
By Andualem Sisay Gessesse- Ahead of the upcoming second Russia-Africa Summit scheduled to take place in St. Petersburg at the end of this month, Russian Chamber of Commerce hosted a roundtable in…
Africa’s economic reputation focus of first Africa PR
BHM Research and Intelligence (BR&I) in partnership with Magna Carta Reputation Management Consultants, has launched the maiden edition of the Africa PR and Communications report, a comprehensive exposition on PR and communications…
African Development Bank initiative on IMF Special Drawing Rights gets support
World leaders attending this week’s Summit for a New Global Financing Pact in France praised the African Development Bank for finding a solution that would enable rich countries to reallocate part of…
IMF welcomes Zambia’s debt treatment agreement
The International Monetary Fund (IMF) has welcomed the debt treatment agreement reached by Zambia and its official creditors under the G20 Common Framework.
U.S. – Africa Summit agreements bearing fruits – U.S. officials
The implementation of the decisions and agreements made during the latest U.S-Africa Summit to boost economic and political ties between African continent and the United States of America is bearing fruits., say…
Africa urged to accelerate AfCFTA full implementation
Africa should accelerate the full implementation of the African Continental Free Trade Area while creating a conducive business environment to attract private sector participation in one of the largest free trade areas…
Zimbabwe vows to end debt burden
Zimbabwe President Emmerson Mnangagwa has reassured development partners and creditors that his government is committed to the implementation of key reforms critical to resolving the country’s nearly $8.3 billion of debts and…
West Africa meeting focuses on informal sector
West African experts met in in Lomé, Togo this week to review the draft study report on the theme: “The informal sector in West Africa: Meeting the challenge of formalization for a…
Cairo summit reflects on women’s economic participation
The International Finance Corporation (IFC), a member of the World Bank Group, and the World Bank Group, today hosted a summit in Cairo, Egypt on legal reforms and other policy support needed…
Debt: East, West new weapon to colonize Africa
BY ANDUALEM SISAY GESSESSE Accra, Ghana – African countries are at risk of falling once again into debt trap. But this time around the countries in the continent are rushing into a…
IMF agrees to release additional funding to Seychelles
An International Monetary Fund (IMF) mission led by Calixte Ahokpossi, Mission Chief for Seychelles, visited Victoria March 16-29, 2023 and agree to release additional funding to the country.