The OPEC cartel needs to take action to stabilize the oil market because crude prices have fallen to “totally unacceptable” levels, Nigerian President Muhammadu Buhari has recently said.
Eritrea expects to have four mines in operation by 2018 producing gold, copper, zinc and potash as one of Africa’s poorest nations looks to build an industry that can kick-start.
CBN Governor, Godwin Emefiele The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has recently reiterated the bank’s commitment towards making the Development Finance Institutions (DFIs) in.
African Export-Import Bank (Afreximbank) has recently agreed to a $500 million facility with the Central Bank of Egypt (CBE) to help Egyptian importers through a foreign currency crisis. The Afreximbank.
Tunisia Central Bank has said that the International Monetary Fund (IMF), recently began talks with the country over a new credit programme, as part of measures to strengthen its economy.
Zambia’s cabinet has recently approved a new royalty system that varies depending on the copper price as Africa’s second-biggest producer seeks to keep struggling mines open and limit job losses,.
Egypt’s central bank has recently raised the cap on foreign currency deposits at banks to $1 million a month for exporting companies, easing restrictions that have led to manufacturing components.
Ibe Kachikwu, Minister of State, Petroleum The head of Nigeria’s state oil firm NNPC, Emmanuel Ibe Kachikwu says the country is in talks with oil majors and banks to raise.
Minister of Finance, Malawi, Goodall Edward Gondwe The European Union (EU), one of Malawi’s largest donors, has recently ruled out any budgetary support even though country meets the IMF extended.
Nigerian Finance Minister Kemi Adeosun plans to travel to China next week, aiming to negotiate a loan of up to $2 billion to help fund record budget spending, financial and.
