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World Bank, International Monetary Fund to Fast Track Formation of African Central Bank
Nigerian Finance Minister, Mansur Muhtar, has said a team from the World Bank and the International Monetary Fund (IMF) would meet in April next year to fast track the actualization of the proposed African Central Bank. Muhtar told journalists that, “Nigeria...
Zimbabwe Government Spends More on Foreign Travel Than Health Care
Zimbabwe’s coalition government is spending more on foreign travel compared to essential services such as medical assistance for civil servants, according to statistics released by the Ministry of Finance on Tuesday. Foreign travel by President Robert...
Rwanda And the African Development Bank Sign $7m Deal
The government of Rwanda and the African Development Bank (AfDB) have signed a grant worth over $7 million towards small and medium scale enterprises development. The permanent secretary of the Ministry of Finance and Economic Planning, John Rwangombwa,...
Mauritius to Receive $50m World Bank Loan
The Administrative Council of the World Bank (WB) has given the green light for the disbursement of a loan of $50 million to Mauritius. Official sources at the Ministry of Finance indicate that the financial agreement, which represents the “Fourth...
Uganda Allocates $2.24m to Support And Promote Food Technology
The government of Uganda has announced an allocation of $2.24 million towards the support and promotion of the Food Science and Technology Department of Makerere University. While meeting a delegation of Food Science and Technology (FST) entrepreneurs...
Mauritius Offshore Company Accused of Money Laundering
Officials from the Indian Central Bureau of Investigation (CBI) and the Reserve Bank of India (RBI) have discovered that a huge amount of money from the Indian Information and Communication Technology (ICT) company, Satyam Computers (SC) that they claim...
International Monetary Fund Delegation to Participate in Liberia’s Poverty Reduction Review Program
The Director of the Africa Department of the International Monetary Fund (IMF) Dr. Antoinette Sayeh arrives in Liberia next Monday to participate in the third program review of the Poverty Reduction and Growth Facility and discuss progress and challenges...
Seychelles Hosts International Monetary Fund Workshop on Tax Reforms
Officials of the International Monetary Fund are presently in Seychelles to analyze the country’s tax system and recommend ways it could be made more efficient. At a workshop organized by the IMF delegation to help government staff directly involved...
