Posted in Business Market

IMF extends Somalia funding to August following election

WASHINGTON— The International Monetary Fund has agreed to extend the duration of a crucial aid package to Somalia, following a long-overdue presidential election last weekend.The three-year $400m aid package from the IMF had been set to automatically e…

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Posted in Business Market

Africa To Invest In Health Of Women, Children In Humanitarian Settings

NAIROBI, Provision of quality and affordable healthcare services to women, children and adolescents in Africa’s conflict hotspots will be a priority, to avert a humanitarian crisis, senior officials said at a virtual forum.Margaret Agama-Anyetei, actin…

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Posted in Business Market

Africa To Invest In Health Of Women, Children In Humanitarian Settings

NAIROBI, Provision of quality and affordable healthcare services to women, children and adolescents in Africa’s conflict hotspots will be a priority, to avert a humanitarian crisis, senior officials said at a virtual forum.Margaret Agama-Anyetei, actin…

Read More Africa To Invest In Health Of Women, Children In Humanitarian Settings
Posted in Business Market

World Bank To Resume Funding Projects To Support Poor People In Sudan: Ministry

KHARTOUM – The World Bank has notified the Sudanese authorities that, it would resume funding projects to support the poor people in Sudan, the Sudanese Foreign Ministry announced yesterday.“The Finance Minister, Jibril Ibrahim, has been informed that …

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Posted in Business Market

Bank of Central African States Urges CAR to Annul Bitcoin as Currency

The Cameroon-headquartered Bank of Central African States (BEAC) has urged the Central African Republic (CAR) to annul a law it passed in late April that made the cryptocurrency Bitcoin legal tender. The bank warned in a letter made public last week th…

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Africa must prepare for the inevitability of a global food crisis says African Development Bank President, Akinwumi Adesina

African Development Bank Group President Dr Akinwumi Adesina says “Africa must prepare for the inevitability of a global food crisis.” He was speaking about Africa’s priorities, as a guest at the Atlantic Council’s Africa Center on Friday.Fielding ques…

Read More Africa must prepare for the inevitability of a global food crisis says African Development Bank President, Akinwumi Adesina
Posted in Business Market

South Africa Floods Could Hurt China Trade

Some of the worst flooding in South Africa’s history has left more than 400 people dead and some 40,000 displaced, dealing a devastating blow to the eastern city of Durban, which has a seaport that has also been badly affected.With the port not fully f…

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IMF due in Tunisia on Friday for talks: Trade union official

TUNIS, — An International Monetary Fund delegation will arrive in Tunisia on Friday for talks with the government and other groups, a top trade union official said, as fears rise over the North African country’s risk of default.After meeting representa…

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