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3 Nov 16
Egypt has liberalised its exchange rate and devalued its currency by almost 50% in a bid to secure a $12bn International Monetary Fund loan to rescue the country from economy from crisis.
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3 Nov 16
The African Development Bank has approved a $600m loan in a bid to plug Nigeria’s gaping $7bn budget deficit.
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1 Nov 16
Saudi Arabia’s veteran finance minister Ibrahim al-Assaf has been sacked by the country’s King Salman after 20 years in the post.
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1 Nov 16
Humanitarian aid for refugees in Uganda increased the real incomes of host communities by up to $1,100 annually, a study by the World Food Programme has shown.
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1 Nov 16
Tanzania remains on track for 7% growth in 2016, according to a review by the International Monetary Fund, but the slow pace of a public sector reform programme could pose a risk to the economy.
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31 Oct 16
Mozambique’s bondholders have told the country its hopes to renegotiate its debts by the end of the year are “unrealistic”, according to the Financial Times.
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31 Oct 16
South Africa’s chief prosecutor has dropped fraud charges against the country’s finance minister Pravin Gordhan.
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26 Oct 16
South Africa’s National Treasury has launched the Municipal Money open local government budget data website.
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24 Oct 16
Zimbabwe has cleared its $108m arrears with the International Monetary Fund after 15 years.
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24 Oct 16
The African Development Bank has approved a $20m equity investment in the Rx Healthcare Fund (RxHF), which aims to meet growing demands for specialised but affordable healthcare services across...
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19 Oct 16
Private companies that become involved in development and aid programmes need to be made accountable to wider society and not just to their shareholders, Malawi’s finance minister has said.
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18 Oct 16
Sierra Leone is set to launch a platform that will enable citizens to report incidences of bribery in the country, the UK Foreign & Commonwealth Office announced yesterday.
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17 Oct 16
The African Development Bank has approved a loan of 570m rand to help finance affordable housing in South Africa.
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14 Oct 16
The Kingdom of Morocco is pioneering a development plan that emphasises decentralisation and local decision-making. This brings with it challenges, not least around funding, but could be a relevant...
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12 Oct 16
South African finance minister Pravin Gordhan has been summoned to court on fraud charges, sending the rand into a tailspin and sparking fresh unease around the political situation in Africa’s most...
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10 Oct 16
The International Monetary Fund has slashed its budget deficit projections for oil-exporting countries in the Middle East and North Africa over the next five years, by over $230bn.
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6 Oct 16
A widely criticised private school provider has come under yet more fire today as teachers’ unions have slammed its methods and called for its closure.
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5 Oct 16
Nigerian president Mohammadu Buhari is planning to outdo his government’s record 2016 spending next year, according to budget proposals sent to the country’s parliament for approval.
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4 Oct 16
Governance in Africa has barely improved in the last decade as worrying declines in safety and the rule of law hold back progress, according to the authoritative Ibrahim Index of African Governance.
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3 Oct 16
The process of designing the world’s first multi-country development impact bond is to get under way with the intention of improving the lives of Syrian refugees who have been dispersed in the Middle...
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27 Sep 16
The African Development Bank is preparing to throw the Nigerian government a $1bn lifeline to help plug the substantial government deficit amid the country’s first recession in 20 years.
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27 Sep 16
Saudi Arabia has announced sudden cuts to pay and perks for government employees as the oil-dependent kingdom struggles to balance the books and adjust to low commodity prices.
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26 Sep 16
Nigeria has hunted down 700,000 tax-cheating firms and expects to identify 10 million non-tax paying individuals and make them pay up by December, the country’s tax chief has said.
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22 Sep 16
Iraq’s parliament has voted to sack the country’s finance minister after he was questioned over corruption allegations last month.
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21 Sep 16
Digitising taxes in Tanzania could boost the country’s revenues by half a billion dollars every year, according to a United Nations report.