By Halligan Agade -2 hours ago December 4 is the official International Day of Banks, marked globally to recognize the significant potential of multilateral development banks and other international development banks in financing sustainable development. This is in addition to providing know-how, and the vital role of banking systems in contributing to the improvement of living standards….
Felix Onuah, Reuters News ABUJA – Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday. Sylva said a refurbished refinery in the city of Port Harcourt in the oil-producing Niger Delta would be delivering 60,000 barrels per day of refined crude…
By Reuters Staff JOHANNESBURG, Nov 29 (Reuters) – South Africa’s unreliable power supply and its high level of government debt are two of the main risks to its financial stability, the country’s central bank said on Tuesday. Africa’s most developed economy has seen 170 days of rolling blackouts this year due to a maintenance backlog of…
Cooper Inveen, Reuters News November 28, 2022 ACCRA – Ghana’s central bank on Monday raised its main lending rate by a further 250 basis points to 27%. The West African cocoa, gold, and oil-producing nation faces its worst economic crisis in a generation. Consumer price inflation climbed to an annual 40.4% in October — a 21-year…
Berna Namata, The East African East Africa’s economic managers face the daunting task of crafting new policies to tackle the recent inflationary spiral across the region, fuelled by rising food and energy prices, which are eroding incomes and reversing gains in food security. The cost of living across the region has drastically increased in recent months…
The fund aims to leverage $1 invested from sovereign sources into $4 of green and sustainable capital By Staff Writer The Opec Fund for International Development will launch at the ongoing COP27 the Climate Finance and Energy Innovation Hub, for which it is setting aside $100 million. The fund aims to leverage $1 invested from…
