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…
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…
Breaking: Nigeria takes on new loans for 2021…
Nigeria is sinking deeper into debt. Nigerian President Muhammadu Buhari presented the 2021 budget to the National Assembly on Thursday. He announced that it would be funded by fresh borrowings worth 4.3 trillion nairas, which…
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 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…
Impact of Covid-19 on African economies; a look…
The COVID-19 pandemic and related measures have brought the world’s economy nearly to a total halt. A UN report released on May 12 projects the global economy to contract by 3.2% this year. World trade…
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…
Kenya secures $50m coronavirus loan from World Bank,…
Kenya’s request to the World Bank for $50m to fund containment efforts of the coronavirus pandemic has been approved according to Health Minister Mutahi Kagwe. Minister Kagwe confirms that the funds will largely go into…
AfDB signs first loan
The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country. The…
