IMF approves Kenya’s request to extend stand-by agreement by 6 months
The International Monetary Fund has approved a request by Kenya to extend by six months a stand-by agreement that was due to expire at the end of March, giving it time to finish mandatory reviews, the IMF said in a statement.
IMF gives mixed verdict on economy, reforms
Nigeria’s economy remains vulnerable, though policies and favourable oil prices have helped it to overcome a recession.Disclosing this position yesterday, the International Monetary Fund (IMF) noted that the economy is yet to receive boost from policy implementations that could make it withstand.....
IMF, France seal $2.9b deal for low income countries
The low income economies, mostly dominated by Sub-Saharan African countries, may be in for another debt treat as the International Monetary Fund (IMF) and French central bank (Banque de France) sealed a $2.9 billion deal for loan support under the Poverty Reduction....
UK’s increased collaboration with Nigerian businesses
The British Prime Minister has highlighted the need for the UK to have a ‘new, long-term approach to Africa’, one that addressees the long-term demographic and economic...
IMF chief urges Arab states to slash spending
Kenya-born French long distance runner, Abraham Kiprotich, wins the 3rd Access Bank Lagos City Marathon returning 2hrs 15mins o4secs, while Ilya Pam wins the indigenous race with 2hrs 27mins.
IMF Chief meets South Africa’s Ramaphosa in Davos to discuss economy
IMF chief Christine Lagarde said on Tuesday she had met with South African Deputy President Cyril Ramaphosa on the sidelines of the World Economic Forum in Davos and agreed that structural challenges were a burden to economic growth in Africa’s largest economy. Their meeting comes a day after the International Monetary Fund cut South Africa’s…
Afrinvest disagrees with IMF on Nigeria’s forex outlook
Afrinvest (West Africa) Limited has disagreed with a report credited to the International Monetary Fund (IMF), which said that the nation’s foreign exchange market is still deep in uncertainty.
Firm predicts massive scramble for African real estate in 2018
Demand for investment in African real estate is expected to reach a fever pitch in 2018, and beyond, as the continent’s markets turn to growth after years of trying trading conditions.
IMF urges Germany to loosen purse strings
IMF chief Christine Lagarde has joined calls on Germany to invest in future economic growth even at the cost of relaxing its cherished budgetary discipline, raising hackles in Europe's powerhouse.