The six nations sharing a common currency are struggling to recover from the COVID-19 pandemic and other global shocks, facing issues such as declining oil production, civil conflicts, and heavy debt burdens.
Cameroon calls for urgent action to save Central Africa’s economy Read More »
The IMF is now scrutinizing the findings before deciding on the next steps for the program.
IMF resolution for Senegal delayed until June due to audit Read More »
The company is facing financial challenges due to the closure of its flagship Cobre Panama mine and is exploring strategic partnerships to reduce debt and secure the future of its Zambian operations.
Canadian miner open to partnerships for Zambian operations Read More »
Mozambique’s dollar bond experienced a decline for the third consecutive day on Wednesday. Tradeweb data revealed the bond’s price fell as concerns about public unrest persisted. The country’s only eurobond, maturing in 2031, dropped 0.54 cents to 84.92 on the dollar. This decline represents a loss of over two cents since Friday. Full results from
Violence and disputed results weigh on Mozambique’s bonds Read More »
Mali will repay 200 billion CFA francs ($332 million) of its internal debt to alleviate its economic burden, as announced by the economy minister.
Mali’s economy minister announces debt repayment Read More »
Despite Sudan crisis, growth is expected to remain above last year’s levels, supported by increased private consumption and investment.
World Bank cuts Sub-Saharan growth forecast amid Sudan crisis Read More »
The IMF has approved reforms that will significantly reduce borrowing costs for its members, providing much-needed relief to struggling economies.
IMF eases debt for 8 countries, cuts borrowing costs Read More »
Uganda’s foreign exchange reserves have shrunk to a three-month import cover, raising concerns about debt sustainability.
Uganda’s economy faces rising debt risks Read More »
The devastating floods in Nigeria have caused widespread damage to infrastructure, agriculture, and livelihoods.
Floods ravage Nigeria, killing 179 and displacing thousands Read More »
Egypt’s central bank has increased its lending to the government, fueling concerns about economic stability and inflation.
Egypt inflation slows, but central bank lending to govt surges Read More »
