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A service for global professionals · Sunday, July 5, 2020 · 521,011,463 Articles · 3+ Million Readers
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West Africa IMF News Monitoring Service

  • Published on Jul 4, 2020

    Corruption and palm oil in Sierra Leone

    Sierra Leone is among the poorest countries in the world. In the 1990s, when other African countries were privatizing key industries in order to attract foreign investment and become eligible for international loans, a civil war was raging in Sierra Leone …

    Source: South Africa Today - Uncategorized
  • Published on Jul 2, 2020

    The end of the West African CFA franc

    Those deposit and co-management requirements will now come to an end — though, again, this may be a more symbolic than a practical change. "The move of the reserves, while a powerful message ... will not have much effect, as the reserves, by their …

    Source: Business Day - Uncategorized
  • Published on Jul 3, 2020

    After Nearly Thirty -30 Years, Liberia Elected as Member of UN Economic and Social Council - Global News Network

    Ambassador Kemayah Delivering a statement on the election of the Republic of Liberia as a member of the United Nations Economic OF THE UNITED NATIONS ECONOMIC and Social Council (New York, July 2, 2020) The Republic of Liberia was on Wednesday, June 17, …

    Source: Liberian Times - Uncategorized
  • Published on Jul 3, 2020

    WHO Urges African Countries Resuming Air Travel to Take Safety Measures

    The World Health Organization called on African countries Thursday to take comprehensive safety measures to “mitigate a surge” in COVID-19 cases, as nations resume air travel.  The African economy, which is heavily reliant on travel and tourism, has been …

    Source: Voice of America - Public Broadcaster
  • Published on Jul 3, 2020

    ‘Nigeria’s debt ratio set to worsen’

    Given that the Nigerian economy seems to be sliding into a recession, a development, which may negatively impact government revenue, the authorities would have no option but to rely on borrowings to fund the 2020 budget, thereby worsening the country’s …

    Source: New Telegraph - Uncategorized
  • Published on Jul 2, 2020

    Africa, Asia lead digital financial inclusion: IMF study

    WASHINGTON, July 1 (Xinhua) -- Digitalization increased financial inclusion between 2014 and 2017, with Africa and Asia leading the way, a new study released by the International Monetary Fund (IMF) showed. Technology is changing the landscape of the …

    Source: Africa News - Uncategorized
  • Published on Jul 2, 2020

    IMF: Only 60% of Nigerians have access to Internet

    …says low access driving inequality globally Despite its record of 138.7 million active internet subscriptions as of April 2020, the International Monetary Fund (IMF) has said that Nigeria falls among the category of countries where only 40-60 people have …

    Source: New Telegraph - Uncategorized
  • Published on Jun 30, 2020

    IMF: Looming remittances decline will hurt Nigerian banks, others

    Deposit Money Banks (DMBs) in Nigeria are likely to see an increase in their cost of operations as well as a reduced ability to extend credit, if as widely projected, the coronavirus (Covid-19) pandemic leads to a drastic drop in remittance flows to …

    Source: New Telegraph - Uncategorized
  • Published on Jul 1, 2020

    Nigeria, other African oil exporters’ll lose $34bn – IMF

    Okechukwu Nnodim, Abuja The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of about $34bn in revenue. According to the International Monetary Fund, the projected decline in revenue is attributable to …

    Source: Punch Newspapers - Uncategorized
  • Published on Jun 30, 2020

    IMF Urges Nigeria to Slow down on Tax Drive

    IMF Urges Nigeria to Slow down on Tax Drive The International Monetary Fund (IMF) has urged Nigeria to slow down on its aggressive tax drive due to the impact of the COVID-19 on businesses and households. The fund, however, told the federal government to …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jul 1, 2020

    ISS TODAY: The poor lose again: Impact of Covid-19 on Africa

    (Photo by Bill Wegener on Unsplash) First published by ISS Today The impact of Covid-19 is usually measured in rates of infection, deaths, jobs lost and the hit on national economies. But there’s another metric – the surge in extreme poverty – that …

    Source: Daily Maverick - Uncategorized
  • Published on Jun 29, 2020

    IMF calls for cautious reopening of Africa

    As African countries commence the re-opening of their economies, the International Monetary Fund (IMF) has counselled them to do so cautiously because the pandemic is still in its exponential phase. This was contained in IMF’s latest Regional Economic …

    Source: Trends - Uncategorized
  • Published on Jun 30, 2020

    Fitch: Sub-Sahara African debt burdens rising faster than elsewhere

    LONDON, June 30 (Reuters) - Government debt burdens across sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further rating downgrades and defaults, ratings agency Fitch warned …

    Source: Reuters - Neutral
  • Published on Jun 29, 2020

    Nigeria’s debt burden nears point of no return 

    By Dr. Vincent Nwani With the Nigeria’s total debt now in excess of $84 billion, the external debt component accounting for over $27 billion and debt service costs gulping about 55% of government’s revenue in 2019, stakeholders are becoming increasingly …

    Source: Hallmark - Uncategorized
  • Published on Jun 30, 2020

    IMF warns pandemic set to undo decade of progress in Africa

    BUSINESS HIT HARD. Sparse visitors walk at the marina of the V&A Waterfront in Cape Town, South Africa, on June 15, 2020. Photo by Marco Longari/AFP WASHINGTON, USA – The coronavirus pandemic could set back incomes in sub-Saharan Africa by a decade …

    Source: Rappler - Uncategorized
  • Published on Jun 30, 2020

    COVID-19: Nigeria, Ghana, others need $110bn, says IMF

    Okechukwu Nnodim, Abuja  The International Monetary Fund on Monday said there was urgent need for international financial support to Nigeria and other Sub-Saharan countries of Africa, as the nations need $110 to manage the impact of COVID-19 pandemic.  In …

    Source: Punch Newspapers - Uncategorized
  • Published on Jun 29, 2020

    Covid-19 is battering Africa's growing middle class

    James Gichina started out 15 years ago as a driver shuttling travelers from the airport, worked his way up to safari guide, and with the help of some bank loans, bought two minivans of his own to ferry vacationers around. His clients were, as he is, …

    Source: New Zealand Herald - Neutral
  • Published on Jun 29, 2020

    Governments making ‘significant’ progress against tax evasion in Africa.

    Africa has achieved significant progress in curbing tax evasion and illicit financial flows according to Tax Transparency in Africa 2020, a joint publication of the Global Forum, the African Union Commission, and the African Tax Administration Forum. The …

    Source: Ventures Africa - Uncategorized
  • Published on Jul 3, 2020

    CISLAC, ActionAid, ANEEJ, CN, others reject N143 pump price hike of fuel amid COVID-19

    Home | News | General | CISLAC, ActionAid, ANEEJ, CN, others reject N143 pump price hike of fuel amid COVID-19 By Gabriel Ewepu ABUJA-AS novel Coronavirus, COVID-19, the crisis continues across the country, Civil Society Organisations, CSOs, Friday, …

    Source: Online Nigeria - Uncategorized
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