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Malawi Signs 30m Euro Financial Agreement with European Union
The government of Malawi and the European Union (EU) on Friday signed a financial agreement amounting MK6.2 billion (Euros 30 million) to support democratic governance programs for a period of five years in the country.
International Monetary Fund Team to Review Seychelles’ Extended Fund Facility
An International Monetary Fund (IMF) team is presently in Seychelles to start the first review of the Extended Fund Facility (EFF). The team, headed by the new Mission Chief for Seychelles, Jean Le Dem will be in the islands until May 17th.
Gambian Finance Minister Signs Loan Agreement with Saudi Development Fund
The Gambian Minister of Finance and Economic Affairs, Mr. Abdou Colley, has signed a $7.5 million loan agreement with the Saudi Fund for International Development for the construction of the Brikama-Darsilameh-Dimbaya road stretch along the south bank...
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...
Mauritania And the International Monetary Fund Resume Cooperation
Mauritania and the International Monetary Fund (IMF) have resumed cooperation that was suspended following the 6 August 2008 coup against the first democratically-elected President Sidi Mohamed. The information was given at a joint press conference of...
Disaster Area Declared in South Africa’s Drought-hit Western Cape Province
Parts of South Africa’s Western Cape Province have been classified as local disaster areas due to drought, the provincial local government, environmental affairs and development planning department said on Thursday. “The Eden District is still gripped...
France Grants Financial Assistance to Senegal to Improve Urban Traffic
The Senegalese Minister of Finance and Economy Abdoulaye Diop has signed a CFA 20 billion worth financing agreement with French ambassador to Senegal Jean Christophe Rufin and French Development Agency director Denis Castaing on Monday in Dakar. This...
Seychelles Finance Minister Presents 2010 Budget
Seychelles Minister of Finance Danny Faure will on Monday give a reading of the country’s 2010 budget to Parliament. In a declaration Faure said he will explain to members of parliament the government’s financial plans for the next three years. Faure...
