Lesson for Central Bank from the experience of the takeover of Crane Bank This week, the government injected Shs 200 billion into Crane Bank to bolster its liquidity position. This is only 40% of the…
Ghana’s efforts in reducing the time and cost of doing business has reflected positively in the World Bank Trading Across Borders Indicator for 2017. And, according to the World Bank Ease of Doing Business 2017…
When it comes to Africa, President Obama’s mantra has always been “trade not aid.” Two years ago he put that idea into practice at the first U.S. – Africa Business Forum, which drew $33 billion…
President Koroma of Sierra Leone, President Obasanjo of Nigeria, Governor Ikpeazu, Minister Lai Mohammed, Mrs Folorunsho Alakija, Join 1,000 African Entrepreneurs At 2016 Tony Elumelu Foundation Entrepreneurship Forum. Foundation Announces Partnerships with African Development Bank,…
The Senate has rejected President Muhammadu Buhari’s request for authorization to borrow about $30 billion. The president, last Tuesday, forwarded a request to the National Assembly to approve external borrowing plan of $29.960 billion to…
After an accord with Turkey practically shut down the Aegean route, the EU is eyeing a raft of deals with African nations to stem an increasing surge across the Central Mediterranean that has led to…
WASHINGTON — The International Monetary Fund warned on Tuesday that growth in sub-Saharan Africa was likely to slow to its lowest point in more than 20 years, with average growth forecast at just 1.5 percent…
Zimbabwe has finally paid off its 16-year debt to the International Monetary Fund (IMF) as part of its arrears clearance strategy with multilateral institutions. According to a statement released by IMF director of communications Gerry…
Managing Director, International Monetary Fund, IMF, Ms Christine Lagarde yesterday said that the board of the multilateral institution has approved a zero interest loan facility for concessionary loans for member countries facing financial challenges. She…
Nigeria and other countries are to enjoy zero interest rates on all concessional facilities of the International Monetary Fund (IMF) until 2018. IMF’s Managing Director, Ms Christine Lagarde, disclosed this yesterday at the ongoing IMF/…