Nigeria in talks for $1.5 billion World Bank loan — Finance minister
The finance minister expects the loan deal to be finalized soon.
State of fiat
Your fiat money is backed by the issuing government’s “full faith and credit.” What’s that worth these days?
State of fiat informs about the situation of your local currency.
South Africa on track to overtake Nigeria as Africa’s largest economy in 2024 — IMF
Tough economic measures have seen Nigeria’s economy shrink in the short term, but growth is foreseeable in the medium term.
Ghana records economic growth upon adoption of IMF-supported reform program
The BoG Governor said the country’s economy grew by 3.2% in the second quarter, surpassing the 1.5% growth target set in the IMF program.
Tanzania moves to diversify its foreign reserves with gold
Tanzania’s local currency has seen record depreciation levels attributed to US rate hikes.
Gambia’s dalasi retains its position as Africa’s best-performing currency
Despite rising inflation rates up to 18.4%, Gambian dalasi managed to gain 0.9% against the US dollar
IMF and World Bank to proceed with annual meetings in Morocco in October
There are concerns about the earthquake affecting the meetings in Marrakech since it is expected to bring a crowd of 10,000-15,000 people to the city.
Kenya and South Sudan resolve border disputes, agree boost trade and infrastructure
Issues around border conflicts and port access have threatened trade ties between both countries for decades.