Business

Tunisia to borrow $7 bn more in 2022

TUNIS— The Tunisian government revealed plans to borrow $7 billion more from foreign lenders and domestic sources to stimulate the country’s economy next year.According to the Tunisian finance minister Sihem Boughdiri, the 2022 finance law boosts spend...

Ethiopia regrets US decision to terminate its eligibility for AGOA

ADDIS ABABA— Ethiopia’s trade ministry said it is unhappy with the Biden administration’s decision to revoke duty-free access for the country’s exports.The US terminated on Dec 23 Ethiopia’s eligibility for benefits under the African Growth and Opportu...

Fifth Committee Approves Secretary-General’s proposed $3.12 Billion Programme Budget for 2022, Concluding Main Part of Seventy-Sixth Session

Delegates Agree on 2022-2024 Scale of Assessments, Yet Argue Over Financing for Independent Mechanism Investigating Serious Crimes in SyriaThe Fifth Committee (Administrative and Budgetary) wrapped up the main part of its seventy-sixth session on 23 De...

Kenya approved for $258 million IMF disbursement after review

WASHINGTON— The International Monetary Fund approved a disbursement of $258.1 million for Kenya after completing a second review under a 38-month program to address...

General Assembly Takes Action on Second Committee Reports by Adopting 36 Texts

Resolutions Aimed at Protecting Global Climate, Combating Illicit Financial Flows among Those ApprovedAs the COVID-19 pandemic, climate change and glaring inequities continue to wreak havoc on development, the General Assembly today adopted 37 resoluti...

World Bank Provides $100 Million to Protect Livelihoods and Improve Food Security in Southern Madagascar

WASHINGTON, December 10, 2021—Amid a severe food security crisis in the south of Madagascar, the World Bank is providing $100 million in additional financing to the Support for Resilient Livelihoods in the South of Madagascar (Mionjo) Project.“The gove...

Operationalization of the “Provider of Last Resort” Concept in NE Nigeria

“The ‘provider of last resort’ concept is critical to the cluster approach, and without it the element of predictability is lost. It represents a commitment of cluster leads to do their utmost to ensure an adequate and appropriate response…Where there ...

Remarks by President Cyril Ramaphosa at the Ghana- South Africa business forum during the State Visit in Accra, Ghana

Programme Directors, His Excellency the President of Ghana, Nana Addo Akufo-Addo, Honourable Minister of Trade and Industry of the Republic of Ghana, Mr Alan...

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Repo Rate Remains Unchanged at 6.75 Percent

Windhoek: The Bank of Namibia (BoN) has kept the repo rate at 6.75 percent for the next two months. Making the announcement on Wednesday, the central bank said keeping the repo rate unchanged is aimed at continuing to safeguard the peg between the Nam...
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President of Togo Concludes Diplomatic Visit to Angola Amid DRC Tensions

Luanda: The President of Togo, Faure Gnassingb©, left Luanda on Wednesday, after a working meeting with his Angolan counterpart and chairperson of the African Union (AU), Joo Louren§o. Recently appointed by the AU as mediator in the conflict in the ea...

Bandari Maritime Academy Advances Maritime Training with CMA CGM Collaboration

Mombasa: In a major stride towards unlocking the country's maritime potential, Bandari Maritime Academy (BMA) has flagged off 12 cadets selected for a one-year sea-time training with global shipping giant CMA CGM. The initiative marks a significant mi...

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Zimbabwe, China Renewed Extradition Treaty

HARARE– Zimbabwe and China have renewed their extradition treaty with effect from Dec 23, 2022, Home Affairs and Cultural Heritage Minister, Kazembe Kazembe, said.The two countries first signed the treaty in 2018. Under the treaty, each country underta...

Gold Dominates Burkina Faso’s 2023 Exports, Accounting for 74.6% of Total Revenue

Ouagadougou: Revenues from Burkina Faso's gold exports reached 2,394.7 billion CFA francs in 2023, comprising 74.6% of the country's total exports, which exceeded 3,210 billion CFA francs during the same period. This was disclosed in the 2023 annual r...

Sanmatenga Association Supports Burkina Faso’s Withdrawal from ECOWAS Amid Calls for Stability

KAYA — On Sunday, February 4, 2024, the Unique Voice of Sanmatenga, a youth association, gathered at the Kaya parade square to publicly endorse the withdrawal of Burkina Faso, Mali, and Niger from the Economic Community of West African States (ECOWAS)...