Loading

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…

Nigeria takes on new loans for 2021 budget

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 the economy, stupid

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…

Economy

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…

Loading

Loan

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…