For two consecutive years, debt service continues to be the highest budgetary line item, absorbing 159 billion Birr, up 26…
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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.
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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