Most Recent World News

TRANSCO CLSG Hails Pres. Weah for Inclusion of US$14m in Recast Budget for Electricity

The Management of TRANSCO CLSG applauds the Liberian Government’s decision to allocate US$14 million through the recast budget for 2022 towards efforts to improve access to stable and affordable electricity.

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Chad creditors to meet this week; IMF calls on Glencore to ‘step forward’

Chad’s official creditor committee will meet this week amid growing pressure from the International Monetary Fund and others for progress on the country’s request for debt restructuring, two sources briefed.

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Africa’s Illicit Financial Flows Now $80bn – CDD

The Director of the Centre for Democracy and Development (CDD), Idayat Hassan, has said that the Illicit Financial Flows (IFFs) in Africa has risen to $80 billion. Her comment was.

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Cameroon to Increase Investment on Wheat Production

Cameroon President Paul Biya says the government will increase funding to grow more wheat after protests over wheat shortages and price spikes sparked by Russia’s invasion of Ukraine. Before Russia’s.

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Zambia plans to cancel over $2 billion projects to rein in debt

Zambia is cancelling more than $2 billion worth of projects financed by commercial loans to reduce the risk of accumulating more non-concessional debt, the ministry of finance said. In 2020,.

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African Caucus wraps up meeting with adoption of Marrakesh Declaration

The 2022 meeting of the African Consultative Group of Finance Ministers & Central Bank Governors of the 54 African Member States of the World Bank and the IMF wrapped up.

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Liberia, World Bank Sign US$44.6M Financing Agreement

Liberia’s Ministry of Finance and Development Planning (MFDP) and the World Bank have signed financing agreements for two projects totalling US $44.6 million. The first project is the Liberia Women’s.

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Egypt’s engineering industry exports record $1.551B within 5 months

Egypt’s engineering industry exports increased by about 31 per cent to register $1.551 billion in the first five months of 2022, compared to $1.185 billion during the same period last.

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West African leaders lift economic and financial sanctions on Mali

Leaders of the Economic Community of West African States (ECOWAS) on Sunday lifted economic and financial sanctions imposed on Mali after its military rulers proposed a 24-month transition to democracy.

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World Bank Approves $130m Loan To Tunisia For Wheat And Barley Imports

The World Bank has approved a $130 million loan to Tunisia to help the North African country pay for wheat imports and to buy barley for livestock. The loan will.

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