Ghana’s $3bn IMF deal : Did the fund kill my uncle ?

Research shows IMF involvement reduces public health budgets. That’s deadly for families like mine. Jean Adomfeh Writer, MBA and recent graduate of the Harvard Medical School In a pivotal moment for Ghana’s economic future, news the country was approved for a $3bn loan from the International Monetary Fund (IMF) in late May caused excitement and anticipation across the…

Gabon’s Ali Bongo to seek a third term

By Africanews GABON The president of Gabon, Ali Bongo Ondimba, announced on Sunday that he would be seeking a third term in power. The president took over from his father Omar Bongo Ondimba in 2009 and was narrowly re-elected in 2016. “Dear compatriots, fellow Gabonese, to continue to write this history and this future together, because nothing matters more than the success of…

West African Economic and Monetary Union ends Mali’s suspension

By Africanews  MALI The West African Economic and Monetary Union (UEMOA) announced on Saturday the lifting of Mali’s suspension from its bodies and institutions. Since January 2022 that Mali had been suspended from the organisation to sanction the junta’s intention to remain in power for five years. Mali was also suspended from regional bloc, ECOWAS, following the first coup in August 2020. The trade and financial…

IMF to disburse $60.6 mln tranche to Mozambique

Anait MiridzhanianReuters JOHANNESBURG, July 6 (Reuters) – The International Monetary Fund said on Thursday its executive board completed the second review of Mozambique’s three-year loan program, allowing for an immediate disbursement to Maputo of about $60.6 million. The review brings total disbursements under the $456 million Extended Credit Facility program approved last year to about $212.09 million to date,…

SA, DRC sign nearly 40 trade agreements

Ditaba Tsotetsi |  @SABCNews The leaders of South Africa and the Democratic Republic of Congo (DRC) have signed nearly 40 trade agreements, including one aimed at reviving a hydro-electric scheme. There are currently 38 agreements between South Africa and the DRC spanning agriculture, defence, energy, health, and trade and investment. The Grand Inga Dam project is a…