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Nigeria’s Economy to Improve with $4.3bn External Debt
Reacting to criticisms of Nigeria’s increasing foreign debt profile, the Finance Minister, Mr. Olusegun Aganga, said on Monday in Abuja that the country’s economy would soon improve with its ample liquidity and low level of external debt of 4.3 billion...
Liberia Receives Additional African Development Bank Grant to Boost Agriculture
The African Development Bank (AfDB) has given the government of Liberia $18.2 million grant to help boost the post-war country’s agriculture sector.
Egypt to Assist Sudan in Restructuring International Monetary Fund Debt
Egyptian Finance minister Youssef Boutros-Ghali has said the Egyptian government is ready to assist Sudan in restructuring its debt to the International Monetary Fund (IMF).
Inflation Drops to 9.52% in Ghana
Dr. Mrs. Grace Bediako, the Ghana Government Statistician, has announced a drop in inflation from 10.6 percent in May to 9.52 percent in June.
Liberian Leader Submits 2010/2011 Budget to National Legislature
Liberian President Ellen Johnson has submitted the draft fiscal budget for 2010-2011 to the National Legislature. A Finance Ministry source told APA Thursday that the proposed fiscal budget is little over $347 million. According to the source, revenue...
Gambian Leader Reshuffles Cabinet
Gambian President Yahya Jammeh has effected another cabinet reshuffle, replacing the Attorney General and Minister of Justice, Marie Saine Firdaus, the Minister of Finance and Economic Affairs, Abdou Kolley and the Minister of Trade and Employment, Baboucarr...
Police in Guinea Bissau Arrest 14 Officials for Suspected Embezzlement of Public Funds
Fourteen officials of the Guinea Bissau Ministry of Finance “accused of forgery and the use of forgeries and embezzlement of funds devoted to salaries of fictitious officials,” have been arrested by the police, the Deputy Director of the Judicial...
Development Bank of Samoa Signs Concessional Loan Agreement with the European Investment Bank
The Development Bank of Samoa has signed a $5million euros (SAT$16 million tala) concessional loan with the European Investment Bank, to help small businesses that were destroyed by last years tsunami. The soft-term loan is on a 4 percent interest and...
