The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the…
Kenya Gets Additional $938 Million From IMF, What…
Kenya, a country in East Africa, and the International Monetary Fund (IMF), a major financial agency of the United Nations, have reached a staff-level agreement, unlocking $938 million in transfer. The agreement has boosted the…
Effects of COVID19 on Africa and Vaccination Access
COVID19 has had both economic and life impact on Africa. Investment and job creation by major governments in Africa have largely stalled. The economic impact of the coronavirus epidemic has already been seen by investors…
NEWS: IMF Set To Approve Over $400 Million…
The executive board of the IMF has approved a whopping sum of 487.5 million dollars that will be disbursed to Angola, this announcement was made in the late hours of Monday. The money will help…
First IMF loan secured in South Sudan
The South Sudanese Government has secured a loan from the International Monetary Fund (IMF) worth over $50 million, for the resuscitation of the economy due to the impact of Covid-19. This is going to be…
The World: IMF Advises Against premature End To…
The IMF has advised against the premature ending of the fiscal support in the financial sector of various countries More than six months into the novel coronavirus pandemic, the IMF cautioned governments in opposition to…
NEWS: 22 African Countries to Receive Emergency Aid…
The International Monetary Fund approved new emergency aid for 28 countries on Monday — 22 of which are African. Funds received will enable these nations to either pay back their debts or mitigate the debilitating…
NEWS: Economists warn of drastic steps needed to…
Economists are warning that large scale intervention is needed to rescue the Algerian economy from accruing huge foreign debt, following the double blow of COVID 19 and tumbling oil revenues. The National Office of Statistics…
IMF loan payback: It’s a stupid economy
The current R70-billion loan by the International Monetary Fund (IMF) to South Africa has been acquired with combined critiques via more than a few segments of the country. National Treasury Director-General Dondo Mogajane has welcomed…
Business: IMF warns cutting spending too soon could…
As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global public debt swelled to the highest in history, but the International Monetary Fund (IMF) warned Friday that cutting back too…
Business: IMF says South Africa loan talks occurring…
The International Monetary Fund's discussions with South Africa over a $4.2 billion loan to support its fight against the coronavirus pandemic are taking place at a "measured pace" because the country's deep and liquid capital…
IMF approves $3.4 billion emergency loan to Nigeria
The International Monetary Fund said on Tuesday its executive board approved $3.4 billion in emergency financial assistance for Nigeria to support the oil exporter’s response to the coronavirus pandemic. The global lender said it remained…
Egypt in talks with IMF for financial assistance
Egyptian Prime Minister Moustafa Madbouli announced on Sunday that his government had started negotiations with the International Monetary Fund (IMF) to obtain a one-year financial assistance to cope with the recession caused by the coronavirus…
IMF debt relief for 19 African countries
Six months of debt relief has been granted to 25 countries considered the poorest in the world by the International Monetary Fund. The institution will then redirect these funds towards the fight against the coronavirus…
Business:The economy of Nigeria will contract by 3.4%…
The International Monetary Fund, IMF said that Nigeria’s economy will contract by 3.4% in 2020, but rebound with 2.4% growth in 2021. The IMF made this projection in its latest edition of the World Economic…
Zimbabwe needs aid urgently to ease humanitarian crisis-IMF
The International Monetary Fund has warned that Zimbabwe needs urgent aid as the coronavirus exacerbates the impact a food shortage following the worst drought in nearly four decades. The southern African nation needs hundreds of…
Coronavirus, a global issue – IMF, Heads of…
The International Monetary Fund, (IMF) and World Bank Group on Wednesday announced other measures to curb the impact of the coronavirus on the world’s economy and health. “We know the disease is spreading quickly with…
IMF Sets Conditions For Zimbabwe To Start Receiving…
The International Monetary Fund (IMF) has said that Zimbabwe needs to clear its debt with other creditors for it to start receiving financing from the Bretton Woods institution. Zimbabwe cleared its arrears with the Fund…
