IMF Executive Board completes second review under Extended Credit Facility Arrangement with Ghana

29 june 2024 - 05:32:55
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed the second review [...] Full text...

thread Economy

IMF completes Zambia’s third review under ECF, approves access to US$569.6 million

27 june 2024 - 07:07:00
Lusaka, Zambia (PANA) - The Executive Board of the International Monetary Fund (IMF) completed on Wednesday the third review of [...] Full text...

thread Economy

Businesses resume in Kenyan capital after Tuesday's bloody violence

26 june 2024 - 16:26:04
Nairobi, Kenya (PANA) -  Businesses resumed on Wednesday in tense Nairobi after Tuesday's bloody violence in which protesters raided Parliament [...] Full text...

thread Politics

Senegal’s new authorities committed to growth-friendly fiscal consolidation

20 june 2024 - 11:33:20
Dakar, Senegal (PANA) - An International Monetary Fund (IMF) staff team has welcomed the Senegalese new authorities’ commitment to the [...] Full text...

thread Economy

IMF team, Kenya reach staff-level deal on reviews of EFF, ECF arrangements

12 june 2024 - 10:21:16
Nairobi, Kenya (PANA) - Kenya’s economic growth recovered in 2023 with real GDP growing by 5.6 percent, supported by a [...] Full text...

thread Economy

Kenya’s economy exhibited robust growth in 2023 despite persistent challenges

05 june 2024 - 07:41:58
Nairobi, Kenya (PANA) - Kenya’s real GDP growth accelerated to 5.6% in 2023, surpassing the previous year’s growth of 4.9%. However, [...] Full text...

thread Economy

IMF reaches staff level agreement with Côte d’Ivoire on review of EFF/ECF arrangements

09 april 2024 - 08:02:47
Abidjan, Côte d’Ivoire (PANA) - An International Monetary Fund (IMF) staff team and the authorities in Côte d’Ivoire have reached [...] Full text...

thread Economy

Ghana's Finance ministry urges President to pause assent to anti-LGBTQ bill

04 march 2024 - 14:29:54
Accra, Ghana (PANA) - As the controversial the controversial anti-LGBTQI+ bill passed by Ghana's Parliament, which criminalises the promotion, advocacy, and funding [...] Full text...

thread Society

IMF, Kenya reach staff-level deal on economic policies

17 november 2023 - 08:57:24
Nairobi, Kenya (PANA) - Kenyan authorities and the International Monetary Fund (IMF) staff have reached staff-level agreement on economic policies [...] Full text...

thread Economy

IMF mission reports rising inflation in Nigeria despite broadening GDP growth

16 june 2022 - 06:23:40
Abuja, Nigeria (PANA) – Nigeria’s real GDP growth is broadening to all sectors except oil, but inflation remains elevated, according [...] Full text...

thread Economy

Coronavirus: IMF Directors commend Ghana’s efforts to contain virus spread

21 july 2021 - 12:57:04
Accra, Ghana (PANA) - As the COVID-19 pandemic severely hit Ghana, the government response helped contain the virus spread and [...] Full text...

thread Economy

Bondholders reject Zambia's request for 6-month interest payment suspension

13 november 2020 - 13:58:21
Lusaka, Zambia (PANA) - Bondholders have rejected Zambia's request for a six-month interest payment suspension. A meeting of Zambia’s Eurobond holders [...] Full text...

thread Economy

Zambia’s 2020 budget fails to 'adequately tackle' the debt crisis, says advocacy group

30 september 2020 - 11:13:38
Lusaka, Zambia (PANA) - The Jesuit Centre for Theological Reflection (JCTR) in Zambia has said that the 2021 National Budget [...] Full text...

thread Economy

Africa Finance Corporation Issues 4th Eurobond of USD 500 Million

06 november 2019 - 17:37:54
Abidjan, Côte d'Ivoire (PANA) - The Africa Finance Corporation (AFC), the multilateral institution for financing infrastructure development in Africa, has [...] Full text...

thread Economy

Mauritius: TDB becomes the first African issuer of Eurobonds to list its notes on the Stock Exchange

05 july 2019 - 15:54:43
Port-Louis, Mauritius (PANA) - The Stock Exchange of Mauritius (SEM) on Thursday announced the listing of The Eastern and Southern [...] Full text...

thread Economy

IMF approves immediate disbursement of US$22.1 million to Benin

22 june 2019 - 08:29:32
Washington, US (PANA) – Approving Benin’s “very satisfactory” performance under the Extended Credit Facility (ECF) arrangement, the Executive Board of [...] Full text...

thread Economy

Shelter Afrique to resume lending after US$108 million debt restructuring

21 june 2019 - 13:27:54
Marrakech, Morocco (PANA) - Shelter Afrique, an African housing financier, is set to resume lending after reaching an agreement with [...] Full text...

thread Economy

Afreximbank wins African Bank of the year 2019

12 june 2019 - 10:57:26
Abidjan, Côte d'Ivoire (PANA) - African Export Import Bank (Afreximbank) was on Tuesday named the African Bank the year 2019 [...] Full text...

thread Economy

Ecobank group now listed in the London Stock Exchange

07 june 2019 - 17:05:45
Abidjan, Côte d'Ivoire (PANA) - The pan-African banking group, Ecobank Transnational Incorporated (ETI), on Friday participated in the opening ceremony [...] Full text...

thread Economy

Shelter Afrique targets US$350 million eurobond for housing sector investments

31 may 2019 - 14:24:49
Nairobi, Kenya (PANA) - Shelter Afrique, the Pan African Organisation involved in housing investment in Africa, has announced plans to [...] Full text...

thread Economy

Benchmark interest rates unchanged on strong economic growth trends in Kenya

27 may 2019 - 19:43:25
Nairobi, Kenya (PANA) – The Central Bank of Kenya's (CBK) top policy-making body, the Monetary Policy Committee (MPC), has retained [...] Full text...

thread Economy

Côte d'Ivoire releases list of nominees for African Banker 2019 trophies

13 may 2019 - 19:23:45
Abidjan, Côte d’Ivoire (PANA) – The list of banking and financial institutions for the African Banker Trophies, at the 13th [...] Full text...

thread Economy

Ghana successfully exits extended $926 mln IMF aid deal - IMF

21 march 2019 - 10:05:42
Accra, Ghana (PANA) - The International Monetary Fund (IMF) on Wednesday confirmed a successful completion of its extended aid programme [...] Full text...

thread Economy

IMF Executive Directors commend banking sector reforms in WAEMU region

19 march 2019 - 13:02:55
Dakar, Senegal (PANA) – Executive Directors of the International Monetary Fund (IMF) have y welcomed the West African Economic and [...] Full text...

thread Economy

Ghana begins roadshow this week ahead of Eurobond sale

13 march 2019 - 14:00:35
Accra, Ghana (PANA) - Ghana's Finance minister and other officials will meet global investors beginning this week to market the [...] Full text...

thread

Ghana's volatile cedi at new lows as dollar demand surges on investor repatriation

22 february 2019 - 13:30:39
Accra, Ghana (PANA) - Ghana's volatile  cedi touched fresh lows this week, depreciating around 10 percent year-to-date as the US [...] Full text...

thread Economy

Delays in national reform programmes affect growth of WAEMU members - IMF

25 january 2019 - 05:05:10
Dakar, Senegal (PANA) – Economic growth in the West African Economic and Monetary Union (WAEMU) member countries remains subject to [...] Full text...

thread Economy

IMF team attests to Ghana’s positive economic growth

27 june 2018 - 08:40:54
Accra, Ghana (PANA) – While Ghana’s economic growth prospects remain positive, supported by strong oil production, strengthening the resilience of [...] Full text...

thread Economy

IMF Executive Board approves US$191 million disbursement for Ghana

01 may 2018 - 04:32:44
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday approved the disbursement of [...] Full text...

thread Economy

IMF Board says WAEMU region making strong economic growth

30 march 2018 - 17:24:01
Dakar, Senegal (PANA) – The International Monetary Fund (IMF) Executive Board has welcomed the continued strong economic growth resilience and [...] Full text...

thread Economy

AfDB announces Senior Management appointments

05 march 2018 - 14:06:11
Abidjan, Cote d'Ivoire (PANA) - The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has announced the following [...] Full text...

thread Economy

Kenyan Eurobond issue attracts top bids despite credit down-grade

22 february 2018 - 18:38:28
Nairobi, Kenya (PANA) – Kenya’s national Treasury remained bullish on Thursday after a new Eurobond issue attracted bids worth a [...] Full text...

thread Economy

WAEMU embarks on reforms to modernize financial sector

25 january 2018 - 17:31:36
Dakar, Senegal (PANA) – Member countries of the West African Economic and Monetary Union (WAEMU) have introduced an ambitious set [...] Full text...

thread Economy

Côte d’Ivoire: Ivoirien authorities take measures to spur economic growth

04 october 2017 - 07:36:57
Abidjan, Côte d’Ivoire (PANA) – Authorities in Côte d’Ivoire and a mission of the International Monetary Fund (IMF) have agreed [...] Full text...

thread Economy

India: AfDB unveils winners of 2017 African Bankers Awards

24 may 2017 - 16:36:05
Ahmedabad, India (PANA) - Winners of the 2017 African Banker Awards were announced at a prestigious Gala Dinner in Ahmedabad, [...] Full text...

thread Economy

Egypt: IMF reaches staff-level deal on review of Egypt's extended support

13 may 2017 - 08:40:22
Cairo, Egypt (PANA) - Staff of the International Monetary Fund (IMF) and the Egyptian authorities have reached a staff-level agreement [...] Full text...

thread Economy

Nigeria: Nigeria to borrow US$500m to fund 2016 budget deficit

22 february 2017 - 15:36:09
Abuja, Nigeria (PANA) – Nigeria’s Acting President, Prof. Yemi Osinbajo, Wednesday sought the approval of the National Assembly for the [...] Full text...

thread Economy

Kenya: Prominent Kenyan businessman killed in Nairobi

06 may 2016 - 09:48:37
Nairobi, Kenya (PANA) - A prominent Kenyan business executive and anti-corruption activist, Jacob Juma, has been shot dead, several months [...] Full text...

thread Society

Malawi: Southern African countries borrow to close budget gaps

17 march 2016 - 15:28:59
Lilongwe, Malawi (PANA) – An official with the UN Economic Commission for Africa has warned that a combination of borrowing [...] Full text...

thread Economy

Kenya: Central Bank denies role in ‘diversion’ of sovereign bond proceeds

14 january 2016 - 18:53:17
Nairobi, Kenya (PANA) - The Central Bank of Kenya (CBK) has denied fresh claims top bank officials were privy to [...] Full text...

thread Economy

Nigeria: Côte d'Ivoire becomes 11th member of Africa Finance Corporation

19 october 2015 - 11:06:46
Lagos, Nigeria (PANA) - Côte d'Ivoire has become the 11th member of Africa Finance Corporation (AFC), an international finance institution [...] Full text...

thread Economy

Zambia: Research institutes warn of higher interest payment on Zambia’s third Eurobond

29 july 2015 - 21:43:10
Lusaka, Zambia (PANA) - The Zambia Institute for Policy Analysis and Research (ZIPAR) has warned of an anticipated increase in [...] Full text...

thread Economy

Ghana: Bye-election, currency reported in Ghana

11 july 2015 - 06:01:21
Accra, Ghana (PANA) – A bye-election in which supporters of the two main political parties in Ghana were involved in [...] Full text...

thread Press Review

Ghana: IMF lauds's Ghana's commitment to reform programme

30 june 2015 - 20:21:47
Accra, Ghana (PANA) - A team from the International Monetary Fund (IMF) has given Ghana the thumbs-up for the implementation [...] Full text...

thread Economy

Tanzania: IMF says Zambia needs steadfast, strong efforts to ensure macroeconomic stability

23 may 2015 - 10:32:33
Dar es Salaam, Tanzania (PANA) - Zambia has strong growth potential, but lingering vulnerabilities pose risks to the outlook, the [...] Full text...

thread Economy

US: African finance ministers attend 5th Capital Markets Summit

16 april 2015 - 20:10:12
Washington US (PANA) – Finance Ministers from Cote d'Ivoire, Gabon and Nigeria are taking part in a Capital Markets Summit [...] Full text...

thread Economy

Ghana: Ghana, IMF reach agreement on economic programme

26 february 2015 - 20:08:40
Accra, Ghana (PANA) - An International Monetary Fund (IMF) mission to Ghana and the authorities have reached staff-level agreement on [...] Full text...

thread Economy

Nigeria: Nigerian bank explains rationale behind 52 billion naira rights issue

06 february 2015 - 13:15:22
Lagos, Nigeria (PANA) - The Chief Executive Officer of a leading Nigeria bank, Access Bank Plc, Hubert Wigwe, has expressed [...] Full text...

thread Economy

Nigeria: Regulatory body approves N52 billion right issue for Nigerian bank

27 january 2015 - 14:05:18
Lagos, Nigeria (PANA) - The Nigerian capital market regulatory agency, the Securities and Exchange Commission (SEC), has given approval to [...] Full text...

thread Economy

US: IMF says Zambian economy records strong growth

18 december 2014 - 19:09:19
New York, US (PANA) - The International Monetary Fund (IMF) says the Zambian economy is registering strong growth in some [...] Full text...

thread Economy

Tanzania: IMF approves US$94.7 million disbursement to Côte d’Ivoire

06 december 2014 - 07:26:25
Dar es Salaam, Tanzania (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed the sixth [...] Full text...

thread Economy

Ethiopia: Ethiopia on course for sovereign bond issue 

20 october 2014 - 15:44:02
Addis Ababa, Ethiopia (PANA) - Ethiopia, East Africa's second larges economy, is on course for the issuance of a sovereign [...] Full text...

thread Economy

Ghana: IMF talks, Ebola reported in Ghana

04 october 2014 - 10:04:38
Accra, Ghana (PANA) - With the Ghanaian authorities eager to secure a bailout from the International Monetary Fund (IMF), the [...] Full text...

thread Press Review

Tanzania: IMF Mission approves Côte d’Ivoire's budget execution

03 october 2014 - 09:08:17
Dar es Salaam, Tanzania (PANA) - Côte d’Ivoire's real Gross Domestic Product (GDP) growth is expected to reach about 8 [...] Full text...

thread Economy

Tanzania: IMF Executive Board hails Kenya's market-friendly reforms

02 october 2014 - 18:01:46
Dar es Salaam, Tanzania (PANA) - The International Monetary Fund (IMF) Executive Board Thursday commended Kenyan authorities for maintaining macroeconomic [...] Full text...

thread Economy

Ghana: Maritime dispute, Nkrumah’s birthday reported in Ghana

27 september 2014 - 08:53:19
Accra, Ghana (PANA) – Ghana’s decision to send a long-running maritime dispute with its western neighbour, Cote d’Ivoire, to the [...] Full text...

thread Press Review

US: IMF says Ghana faces slowdown in economic growth, rising inflation

26 september 2014 - 18:31:31
New York, US (PANA) - The International Monetary Fund (IMF) on Friday said that Ghana is facing significant domestic and [...] Full text...

thread Economy

Kenya: Kenya’s foreign reserves hit highest ever level after Euro-bond issue

18 september 2014 - 19:23:10
Nairobi, Kenya (PANA) -The Central Bank of Kenya (CBK) said Thursday the country’s foreign currency reserves hit US$7.4 billion dollars, [...] Full text...

thread Economy

Kenya: Kenyan Central Bank leaves rate unchanged

08 july 2014 - 18:41:46
Nairobi, Kenya (PANA) - The Central Bank of Kenya (CBK) has retained the Bank Rate at 8.5%, citing foreign exchange [...] Full text...

thread Economy

Zambia: Opposition cautions govt. on borrowing

25 june 2014 - 14:29:36
Lusaka, Zambia (PANA) – Opposition United Party for National Development (UPND) president Hakainde Hichilema, has expressed concern at reports that [...] Full text...

thread Economy

Zambia: Experts question Zambia's second sovereign bond

13 april 2014 - 10:53:18
Lusaka, Zambia (PANA) – The Zambian Government’s continued borrowing has become a source of concern here following the recently-obtained US$ [...] Full text...

thread Economy

Nigeria: Govt. allocates additional US$550m to Sovereign Wealth Fund

11 february 2014 - 13:27:43
Lagos, Nigeria (PANA) - The government has added another US$550 million to the Nigerian Sovereign Wealth Fund (NSWF) as part [...] Full text...

thread Economy

Damning report on corruption, debate on economy highlighted in Ghanaian media

13 july 2013 - 07:56:22
Accra, Ghana (PANA) – A damning report of anti-corruption agency, Transparency International, and claims and counter-claims on the actual health [...] Full text...

thread Press Review

Shortlist announced for African Banker Awards 2012

24 april 2012 - 13:23:28
Lagos, Nigeria (PANA) - Organizers of the African Banker Awards have released the shortlist of nominees for the 2012 competition. [...] Full text...

thread Economy

President Jonathan touts Nigeria as investors' haven

03 february 2011 - 18:35:39
Abuja, Nigeria (PANA) - Nigeria's President Goodluck Jonathan, on the last day of his three-day official visit to Turkey, Thursday [...] Full text...

thread Economy

Nigeria set for Eurobond road show

08 december 2010 - 10:05:08
Lagos, Nigeria (PANA) - Nigeria will from next week embark on a road show to the United States with the [...] Full text...

thread Economy

Ghana government pledges expenditure cuts

05 march 2009 - 22:06:00
Accra- Ghana (PANA) – Ghana’s new government on Th-ursday unveiled its maiden budget that, it said, would cut expenditure given [...] Full text...

thread Economy