Fitch Downgrades Kenya’s Rating Following Reversal of Revenue Policy
Global credit ratings agency Fitch downgraded Kenya’s sovereign rating from “B” to “B-” on Friday, citing increased risks to the […]
Economy
Mid-Year Budget Review Disappointing and Hopeless – Ato Forson
Minority Leader Dr. Cassiel Ato Forson has sharply criticized the 2024 mid-year budget, calling it uninspiring and hopeless. On Tuesday,
Finance Minister to Present 2024 Mid-Year Budget Review Today
Dr. Mohammed Amin Adam, the Finance Minister, is scheduled to present the 2024 Mid-Year Budget Review to Parliament on Tuesday,
AU Mid-Year Coordination Meeting in Accra Focuses on Financial Institutions and Global Debt Initiative
The third sitting of the sixth African Union Mid-Year Coordination Meeting has commenced in Accra, the commercial capital of Africa.
Price Stability to Persist as ZiG Reserves Surge to US$370 Million
Prices of goods and services in Zimbabwe are expected to remain stable due to an increase in cash and mineral
Current Trends in FDI Inflows to Africa – Ghana saw a decrease of 38 percent translating to 1.5 billion USD
FDI in Africa have shifted over the last decade, with Northern and Southern Africa—which made up the majority of FDI stock in the mid-2000s—losing FDI share to Eastern Africa.
Sources of FDI Flows to Africa – China leads
United Kingdom
The United Kingdom invested nearly $18 billion in Africa from 2014 to 2018, covering 286 projects and creating 41,000 jobs. Britain, like France, still has strong ties to its former colonies in Africa, such as Sierra Leone, Kenya, Zimbabwe, Uganda, Zambia, Tanzania, and Egypt.
Foreign Currency Loans Account for 94% of Nigeria’s Capital Importation in Q1 2024
Debt instruments dominated capital importation into Nigeria in the first quarter of 2024, comprising 94% of the total inflows. Data
World Bank Restructures $430 Million ID4D Project to Secure Financing Amid Nigeria’s Missed Deadline
The World Bank is restructuring the Nigeria Digital Identification for Development (ID4D) project to ensure the full disbursement of the
IMF’s Third $360M Tranche to Be Credited to Ghana’s Account Today
The third tranche of the International Monetary Fund’s (IMF) $360 million release is expected to be credited to Ghana’s account