-
30 May 23
Potential sanctions linked to South Africa’s position on Russia could push the country into a financial crisis, its central bank has warned.
-
26 May 23
The Horn of Africa will need at least $7bn in aid this year to avoid a catastrophe caused by climate change and conflict, the UN has said.
-
18 May 23
Fund green lights $3bn loan programme to expedite fiscal reforms.
-
18 May 23
Social reforms and governance change need to continue in the Middle East, says the World Bank.
-
17 May 23
Campaigners have called on the World Bank to delay payment of an $800m loan.
-
16 May 23
Zimbabwe is under fresh pressure to overhaul its governance structures.
-
15 May 23
Ratings agency Moody’s has warned Kenya’s domestic funding conditions have deteriorated.
-
10 May 23
Sustained currency depreciation would make borrowing more expensive for Egypt and take up a higher share of revenues, eventually leading to a future credit rating cut for the government, rating...
-
3 May 23
The impact of prolonged high inflation is set to hit growth across the Middle East and North Africa this year and accelerate the need for economic reforms, the International Monetary Fund has said.
-
28 Apr 23
The Nigerian government has delayed plans to remove expensive fuel subsidies, despite senior officials recognising the relief is “not sustainable”.
-
25 Apr 23
Financial and technical support from the International Monetary Fund helped South Sudan develop credible macroeconomic policies and in turn foster peace, a senior official has said.
-
18 Apr 23
Credit ratings based on a simplistic understanding of African countries’ economies cost those countries’ governments $74.5bn in borrowing costs, researchers at the United Nations have suggested.
-
14 Apr 23
South Africa wants to mobilise 2trn rand (£88bn) of investment in the next five years, hoping to spur development in the country whose economy has been beleaguered by corruption, crime and government...
-
6 Apr 23
Large foreign reserves and low government debt levels drove Saudi Arabia’s credit rating upgrade, ratings agency Fitch has said.
-
4 Apr 23
The struggling South African state-owned power company Eskom will not have to disclose irregular spending in its annual financial statements, because the government fears the negative impact of...
-
4 Apr 23
Social unrest caused by controversial judicial reforms could knock off more than half of the Israeli economy’s growth in the coming years, the nation’s central bank has warned.
-
21 Mar 23
The devastation caused by last month’s earthquakes in Turkey have led the European Union lending arm to override its years-long ban on providing finance to the country.
-
16 Mar 23
The Nigerian government has launched a $670m fund to help young tech entrepreneurs who face difficulty accessing finance – a longstanding barrier to the country’s digital sector.
-
10 Mar 23
Tunisia is facing a fresh crisis over in both politics and finances.
-
28 Feb 23
Earthquakes that devastated Turkey caused at least $34bn of damage to infrastructure, and billions more might be needed for the country to fully recover, the World Bank has said.
-
21 Feb 23
Public disagreement between Israeli politicians and the country’s central bank have led to the finance minister speaking out against “populist” threats to the bank’s independence.
-
16 Feb 23
Donations from European nations have ended a three-decade long battle to clear Somalia’s debt arrears with a United Nations development group, paving the way for new support.
-
8 Feb 23
Using up foreign reserves to meet soaring costs will restrict Egypt’s ability to service its debt and was named as a major contributor to a cut in its credit rating by ratings agency Moody’s.
-
7 Feb 23
Rescue and aid efforts have been mobilised in Turkey and Syria following devastating earthquakes.
-
30 Jan 23
The risk of higher government deficits has prompted another downgrade in Nigeria’s credit rating, Moody’s has said.