Author: Maingi Gichuku

• • The Nigerien Authorities and the Staff of the International Monetary Fund (IMF) have reached an agreement at the staff level on the first review of Niger’s economic programme under the Extended Credit Facility (ECF)
  • This year’s growth is anticipated to pick up to a healthy 6.9 per cent from where it was at the beginning of the year
  • To foster robust and inclusive economic growth, it is more important than ever to maintain the execution of reforms to increase domestic tax mobilisation, the quality of public expenditure, openness, and the fight against corruption

  Niger is receiving approximately US$276 million over the course of a three-year. The loan was granted by the International Monetary Fund (IMF) in December. This loan is intended to assist Niger in recovering from the consequences of the Covid-19 pandemic.

  According to a statement released by the IMF on Tuesday, The International Monetary Fund (IMF) and Niger

Applicants are required to have a start-up business in its early stages, have black founders or diverse founding teams, and have their headquarters located somewhere on the African continent.

In addition to being beneficial to the African Community, the start-ups should be capable of developing technological solutions for both the African market and the global market, and they should have both the potential to grow and the potential to create jobs.

To submit an application, potential applicants need to go to the website where they will be prompted to provide their email address.…

For that purpose, PAPSS has entered into a Memorandum of Understanding (MoU) with Buna, the Arab Monetary Fund’s cross-border payment system. Its objective is to make it feasible for central banks in the Arab world and financial institutions elsewhere to send and receive payments in local and international currencies.

“Buna offers potential for financial integration and economic integration in the Arab area and strengthens investment relations with global trading partners.”

According to officials who announced the arrangement on Tuesday, the latest partnership lays the groundwork for PAPSS and BUNA  to develop an Africa-Arab payment gateway.…

Investors brought in after the 2016 IMF-scrutinised reforms are becoming increasingly sceptical of the Egyptian government’s finances, which is causing the price of Egypt’s dollar-denominated Eurobond in 2032 to plummet approximately 75 cents on the dollar at present.

This indicates that Egypt will have to pay higher interest rates if it wants to issue more bonds, even though the country is attempting to spread its debt with green, sharia-compliant, and yen-denominated samurai bonds.

In recent years, there has been a “quite large” rise in Egypt’s debt that has been issued in foreign currency, according to James Swanston, an economist at Capital Economics who specialises in the Middle East and North Africa.…

The level of cooperation that once existed between Africa and Turkey has evolved into the form of strategic alliances. The Republic of Turkey has developed partnerships with African countries in infrastructure, health, trade and investment, rural development, energy, institutional cooperation, agriculture, and small and medium enterprises.

These partnerships were developed on the basis of the “Turkey-Africa Joint Implementation Plan 2015-2019” and in accordance with the Istanbul Declaration of the First Africa-Turkey Cooperation Summit that took place on August 19, 2008.

The approach taken by Turkey incorporates aid for those in need and assistance with economic and social development. This strategy is derived from Turkey’s own history of achieving economic and social growth.…

The new anti-coal policy that Equity has implemented comes at a time when the nation is getting ready to begin mining the commodity after significant quantities were discovered in Kitui County’s Mui Basin.

“Through with this equity investment, Equity Group undertakes to refrain from providing any financing for coal-related endeavours, including the construction or expansion of coal-fired power stations and coal mines., and transportation assets used exclusively for coal,” IFC and Equity said in a joint statement. “This equity investment” refers to the equity investment made by Equity Group.

Any utility firm that derives more than 20 per cent of its energy or revenues from coal by producing 10 million tonnes or more of coal or has an installed coal-fired capacity of 5,000 megawatts or more will not be eligible for financing from this bank. One of the most important companies that rely on coal as a source of manufacturing …

According to sources inside the diplomatic community, the projected tax of US$144 will be levied at the same rate throughout the entire Common Market for Eastern and Southern Africa (Comesa) regional bloc. The private sector, and in particular the participants in the logistics industry, who considered the levy as a barrier to commerce in the region, is receiving a significant amount of relief as a result of the reduction in the charge.

The two nations came to an agreement on the terms of the partnership during Her Excellency President Samia Suluhu Hassan’s official visit to Uganda, which lasted for two days. The necessary tax helps cover the costs of repairing and maintaining the roads that are often travelled by trucks, with the goal of promoting the safety of those who use the roadways.

According to a joint declaration that was published by the presidency of Tanzania, Tanzania has asked the …

FBW is in the process of building a brand new housing block and a cutting-edge training centre, both of which will have a combined area of around 2,000 square metres and will increase the facilities that are now accessible on-site.

Within the West African area, it will be home to an unparalleled concentration of scientific competence as well as research platforms of exceptionally high calibre in the fields of medicine and public health.

It is the most recent in a string of medical development projects that FBW Group has assisted in delivering in Africa since the company was founded more than 25 years ago. These projects include work for the Medical Research Council (MRC) and the London School of Hygiene and Tropical Medicine (LSHTM).…

The overall gross domestic product of the EAC in 2019 was 193 billion dollars. The inclusion of the DRC might either stand as an opportunity or a burden. Who knows? Only time will tell.

The President of the FEC-Goma, for his own part, according to Bercky Chirimwami, “We are eager to enhance the capacity of businesspeople in the DRC to successfully do business in the EAC Common Market.” He advised businessmen in the Democratic Republic of the Congo to search for opportunities in international commerce and investments.

During the Business Meeting, participants from the Democratic Republic of the Congo’s business community gained insight into the possibilities presented by the EAC Common Market. In order to facilitate more B2B networking, the EABC entered into a partnership with the FEC-Goma to implement awareness campaigns on EAC procedures, the African Due Diligence Platform (Mansa), and the East African Trade and Investment Mission to …

• Nigeria is mostly reliant on petrol but it is also a developing market, with expanding service, financial, technology industries, and communication
• GDP can help investors make investment decisions because a weak economy frequently indicates lesser earnings and stock values
• South Africa’s economy is well-diversified and it relies on a variety of sources for its stability

While there are a variety of approaches for comparing different countries’ wealth, one of the most effective is to examine the individual country’s gross domestic product, also known as GDP.

During a given period, the gross domestic product (GDP) of a country is the conventional metric of value-added via the production of goods and services in that country, as measured by the United Nations. The amount paid on finished goods and services, as well as the amount of income produced from that output, is included in this calculation (fewer imports).

The Gross Domestic Product …