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Published on Nov 22, 2024

Treasury goes for UAE loan as IMF cautions of debt situation

The National Treasury Building. [File, Standard Kenya is moving forward with plans to secure a Sh193 billion ($1.5 billion) loan from the United Arab Emirates (UAE). This is despite the International Monetary Fund (IMF) urging caution due to concerns that …

Source: The Standard - Uncategorized
Published on Nov 25, 2024

Market Recap 18 to 24 November 2024

Local markets showed mixed performance this week, with the NSX Local index inching up marginally by 0.04% to close at 688.3 points, while its Overall Index counterpart posted a more substantial gain of 1.94%, reaching 1844.9 points. FirstRand Namibia …

Source: Informante - Label Pending
Published on Nov 22, 2024

IMF highlights progress in Egypt’s reforms and global economic updates

IMF Highlights Progress in Egypt’s Reform Program, Assesses Global Economic Challenges The International Monetary Fund (IMF) reaffirmed its support for Egypt’s reform efforts as the country continues to navigate economic challenges exacerbated by regional …

Source: Africanews - Neutral
Published on Nov 22, 2024

Lowering Infrastructure Costs Key To Boosting Financial Inclusion In Africa

Musa lives in a bustling city in Nigeria. He uses his smartphone daily to make payments, send money to relatives, and even save for his children’s future through a mobile banking app. When Musa needed a loan to expand his small electronics shop, he easily …

Source: TechTrendsKE - Neutral
Published on Nov 25, 2024

Zimbabwe committed to debt resolution

Wallace Ruzvidzo, Harare Bureau ZIMBABWE is committed to servicing its debt overhang as that will unlock new concessional external financing, critical for the attainment of the country’s economic development objectives, President Mnangagwa has said. In his …

Source: The Chronicle (Zimbabwe) - Gov't Propaganda
Published on Nov 25, 2024

Zim debt resolution now has clear path

Nelson Gahadza Senior Business Reporter The African Development Bank (AfDB) says the Zimbabwe arrears clearance and debt resolution process now has a clear path that will start with an International Monetary Fund (IMF) led staff-monitored programme (SMP) …

Source: The Herald (Zimbabwe) - Pro-Government
Published on Nov 25, 2024

Time Bank ups loan offer to Govt to US$38bn

Business Reporter TIME Bank of Zimbabwe (Time Bank) has increased its syndicated loan proposal to the Government from US$35 billion to US$38 billion for purposes of paying compensation to several key groups of people, among them previous farm owners and …

Source: The Herald (Zimbabwe) - Pro-Government
Published on Nov 22, 2024

Reforms weakened Nigerians’ purchasing power but we’ll prioritise social investment programmes – Tinubu

President Bola Tinubu has assured that his administration will continue to prioritise the welfare of the poor and most vulnerable even as the economic reforms bear fruit. A statement signed by the Special Adviser to the President on Information & …

Source: Premium Times - Neutral
Published on Nov 22, 2024

Kenya staggers $1.5-billion UAE loan on IMF funding concerns

Kenya plans to draw down on a $1.5-billion loan agreed with Abu Dhabi in tranches to remain within borrowing thresholds set in an International Monetary Fund (IMF) programme, according to people familiar with the matter. Kenya will likely access about $700 …

Source: Polity - Label Pending
Published on Nov 22, 2024

Nigeria’s Defence HQ Applauds Finland for Arresting Simon Ekpa, Seeks Extradition – Trending Today

Hello and welcome! In today’s trending news stories; 1. The Defence Headquarters of Nigeria has praised Finnish authorities for the arrest of Simon Ekpa, a separatist leader detained on Thursday, November 21, 2024, for inciting violence and financing …

Source: The News Chronicle - Neutral
Published on Nov 22, 2024

Bloomberg report: Two-thirds of Nigerian families go hungry as food prices soar

Almost two out of three Nigerian households are going hungry, with families skipping meals as they cannot afford enough food, according to a report by the country’s statistics agency. The number of households that reported not having enough food to eat …

Source: Business Day - Neutral
Published on Nov 22, 2024

G20 Summit ticks most of the African Union’s boxes

The African Union (AU) appears to have had a good first G20 Summit this week. The 86-point G20 Rio de Janeiro Leaders’ Declaration ticked most of the boxes of the AU’s key priorities. In October, Albert Muchanga, AU Commissioner for Economic Development, …

Source: Premium Times - Neutral
Published on Nov 23, 2024

ADIB-Egypt Receives Global Finance Magazine's“Best Islamic Financial Institution In Egypt” Award For 7Th Year

(MENAFN- Daily News Egypt) Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) received Global Finance Magazine's“Best Islamic financial Institution in Egypt” award for the seventh consecutive year, marking the bank's ongoing pioneership in excellence and …

Source: MENAFN - Uncategorized
Published on Nov 23, 2024

IMF Egypt / Spain Floods / Argentina

The IMF says Egypt is committed to reforms and it is ready to help the country meet its financial needs, a spokesperson for the Fund said Thursday, (September 12) in Washington, D.C. The Fund’s mission concluded a visit to Egypt this week and made …

Source: I News Cayman - Label Pending
Published on Nov 22, 2024

IMF hails Tinubu’s economic reforms

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has applauded the economic reforms of President Bola Ahmed Tinubu’s administration and expressed her desire to visit Nigeria. She spoke when she paid a courtesy visit on …

Source: Daily Trust - Label Pending
Published on Nov 22, 2024

Tinubu Admits Reforms Weakening Nigerians’ Purchasing Power

By Modupe Gbadeyanka President Bola Tinubu on Wednesday confessed to the chief executive of the International Monetary Fund (IMF), Ms Kristalina Georgieva, that the reforms his administration has implemented have weakened the purchasing power of Nigeria. …

Source: BusinessPost Nigeria - Uncategorized
Published on Nov 23, 2024

Structural Reforms Key To Unlocking Potential In Central Asia, Middle East Amid Regional Fragmentation IMF's Jihad ...

(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 23. Geoeconomic fragmentation in the Middle East, North Africa, Caucasus, and Central Asia has become one of the main challenges for countries who have historically played the role of connectors, Jihad …

Source: MENAFN - Uncategorized
Published on Nov 23, 2024

IMF Highlights Mixed Economic Picture For Oil Exporters And Importers In MENA And Central Asia

(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 23. Economies of the Middle East, North Africa, Caucasus, and Central Asia, despite uncertainties, were able to maintain a good level of growth, Jihad Azour, Director of the Middle East and Central …

Source: MENAFN - Uncategorized
Published on Nov 22, 2024

Egypt: EGP hits lowest since March amid emerging market sell-off, increased USD demand

The Egyptian pound has fallen to its lowest value since devaluation in March, Bloomberg reported. This drop was affected by a broad sell-off in emerging markets and higher local demand for US dollars. Currently trading at approximately EGP 49.8 to USD, …

Source: Zawya - Uncategorized

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Published on November 26, 2024 - 13:45 GMT

The International Myeloma Foundation Welcomes Four Newly Elected Members to the IMF Board of Directors

STUDIO CITY, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- The International Myeloma Foundation (IMF) today welcomed four of its newest members to the IMF Board of Directors: Director of Strategic Growth at Raanes & Oliver Capital Advisors Kent Oliver; …

Distribution channels: Companies, Healthcare & Pharmaceuticals Industry ...
Published on November 26, 2024 - 15:15 GMT

Acuity, Inc. Announces Promotion of Matthew Contento to Vice President of Foreign Affairs

Contento Brings 25 years of Federal Contracting Experience to Acuity's Leadership Team RESTON, VA, UNITED STATES, November 26, 2024 /⁨EINPresswire.com⁩/ -- Acuity is pleased to announce the promotion of Matthew Contento to the position of Vice …

Distribution channels: Companies, IT Industry ...

Published on November 25, 2024 - 09:08 GMT

Instant Coffee Market Size Expected to Reach $60.7 Billion by 2032: Nestle SA, The Kraft Heinz, Starbucks

The instant coffee market has experienced rapid growth, primarily fueled by the convenience offered through single-serve packaging. WILMINGTON, DE, UNITED STATES, November 25, 2024 /⁨EINPresswire.com⁩/ -- The instant coffee market size was valued …

Distribution channels: Business & Economy, Food & Beverage Industry ...
Published on November 25, 2024 - 05:37 GMT

ADB Approves $7.85 Million Grant to Help Improve Fiscally Sustainable Growth in Samoa

MANILA, PHILIPPINES (25 November 2024) — The Asian Development Bank (ADB) approved a $7.85 million policy-based grant to help the Government of Samoa enhance fiscal management and improve the business environment in the country through Subprogram 2 of the …

Distribution channels: Banking, Finance & Investment Industry

Published on November 22, 2024 - 11:50 GMT

Ready-to-drink (RTD) Coffee Beverage Market Expected to Reach $53.5 Billion by 2032

The ready-to-drink (RTD) coffee beverage market was valued at $33.0 billion in 2022, and is estimated to reach $53.5 billion by 2032, growing at a CAGR of 5% WILMINGTON, DE, UNITED STATES, November 22, 2024 /⁨EINPresswire.com⁩/ -- Ready-to-drink …

Distribution channels: Business & Economy, Food & Beverage Industry ...
Published on November 21, 2024 - 11:54 GMT

2024 APEC Economic Leaders’ Meeting delegation press conference

TAIWAN, November 20 - 2024 APEC Economic Leaders’ Meeting delegation press conference On the afternoon of November 20, the Presidential Office held a press conference for our delegation to the 2024 APEC Economic Leaders’ Meeting (AELM) upon its return to …

Distribution channels:
Published on May 25, 2022 - 08:20 GMT

A Virus of Austerity? The COVID-19 spending, accountability, and recovery measures agreed between the IMF and your ...

Firstly, who got the big bucks? While Sub-Saharan Africa has received the highest number of loans worth a total of $15.8 billion, the lion’s share of the committed funds has actually gone to Latin America and the Caribbean ($50.9 billion to 20 countries). …

Distribution channels: Human Rights
Published on November 25, 2024 - 06:07 GMT

APRA Chair John Lonsdale’s speech to the European Australian Business Council

As with any APRA stress test, we need to devise a hypothetical scenario for participants to model, with the goal being to propose events and conditions that are “severe but plausible”. Sadly, as we look at the external operating environment there are any …

Distribution channels: Banking, Finance & Investment Industry

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Published on November 26, 2024 - 23:30 GMT

Global Citrus Oil Market Set For 6.5% Growth, Reaching $10.68 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Citrus Seeds Market Set For 7.9% Growth, Reaching $6.41 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Clindamycin Phosphate Topical Market Set For 14.8% Growth, Reaching $1.86 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Chemical Industry ...
Published on November 26, 2024 - 23:30 GMT

Global Clonazepam Market Set For 8% Growth, Reaching $2.01 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Cobalt-Free Batteries Market Set For 13.8% Growth, Reaching $2.22 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Cognitive Search Tools Set For 6.2% Growth, Reaching $5.52 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Chemical Industry ...
Published on November 26, 2024 - 23:30 GMT

Global Colorectal Cancer Screening Market Set For 6.2% Growth, Reaching $19.83 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Computer-aided Design CAD Or Computer-aided Manufacturing CAM Dental Milling Machine Market Reaching $2.74 Billion

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Construction Adhesives Market Set For 8.9% Growth, Reaching $17.05 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on November 26, 2024 - 23:30 GMT

Global Construction Camera Solutions Market Set For 7.9% Growth, Reaching $0.79 Billion By 2028

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Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Construction Elastomers Market Set For 8.9% Growth, Reaching $8.89 Billion By 2028

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Distribution channels: Building & Construction Industry, Business & Economy ...
Published on November 26, 2024 - 23:30 GMT

Global Construction Plastics Market Set For 8.6% Growth, Reaching $153.04 Billion By 2028

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Distribution channels: Building & Construction Industry, Business & Economy ...
Published on November 26, 2024 - 23:30 GMT

Global Consumer Electronics Packaging Market Set For 12.9% Growth, Reaching $42.37 Billion By 2028

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Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Consumer Healthcare Market Set For 22.1% Growth, Reaching $1476.45 Billion By 2028

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Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Contract Textile Market Set For 7.0% Growth, Reaching $7.37 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Contrast Therapy Units Market Set For 9.2% Growth, Reaching $21.12 Billion By 2028

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Distribution channels: Beauty & Hair Care, Business & Economy ...
Published on November 26, 2024 - 23:30 GMT

Global Cooling Fabrics Market Set For 10.9% Growth, Reaching $4.98 Billion By 2028

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Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Coordinate Measuring Machine Market Set For 9.6% Growth, Reaching $5.44 Billion By 2028

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Distribution channels: Automotive Industry, Business & Economy ...
Published on November 26, 2024 - 23:30 GMT

Global Copper Foil Market Set For 10.8% Growth, Reaching $19.72 Billion By 2028

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Distribution channels: Business & Economy, Companies ...
Published on November 26, 2024 - 23:30 GMT

Global Cord Blood Banking Services Market Set For 7.0% Growth, Reaching $35.03 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, November 27, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

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