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During its 357th board meeting, the Islamic Development Bank announced a $3 billion funding package for 17 of its member countries. On October 14,...
While the EU is Africa’s largest trading partner, with trade reaching nearly €367 billion in 2023, stronger economic and trade integration within...
Since 1997, the IMF has imposed surcharges on countries that borrow more than allowed or take longer to repay their loans. Economists and developing...
Under the High Patronage of the President of the Republic of Angola, H.E. Joao Lourenço, the General Inspection of the Administration of the State of the...
The bilateral relationship between these two countries is still new but gained momentum after Rwanda opened its embassy in Conakry in January...
The World Trade Organization (WTO) released its updated global trade outlook on October 10, with mixed news for Africa. While the continent's overall...
Since May 2023, Côte d'Ivoire has been benefiting from an IMF EFF/ECF agreement, supplemented by RSF financing. From September 23 to October 9, an IMF...
Mr. Banga's visit to Côte d'Ivoire reflects the World Bank's commitment to supporting the country in its goal of becoming a key player in West African...
In December, the African Development Bank (AfDB) urged for Africa to be exempted from the European Carbon Border Adjustment Mechanism (CBAM) due to the...
Historically sidelined by bank financing, SMEs in WAEMU are now seeing credit flows shift more in their favor. Will this change mark a lasting trend? In...
The increase in net foreign capital inflows stems from the gradual reforms undertaken by the Tinubu administration to achieve an exchange rate determined...
Corruption costs Morocco about $5.09 billion (50 billion dirhams) each year, making up between 3.5% and 6% of the country's GDP, according to...
As Ethiopia works to recover from ethnic tensions and economic challenges, Taye Atske Selassie’s appointment as the country's new leader presents an...
Between 2019 and 2023, Senegal’s budget deficit averaged 10.4% of GDP, nearly double the initially reported 5.5%, while public debt exceeded 83% of GDP in...
While raising funds remains essential to finance budget deficits and infrastructure spending, the ongoing high interest rates may significantly strain...
The IMF says Ghana has successfully met its quantitative targets for the end of June 2024. Last week, the International Monetary Fund (IMF) reached a...
In Q1 2024, Togo was Benin's top customer in the ECOWAS region. However, Nigeria has since taken the lead, boosted by increased exports of various...
In 2023, Niger’s poverty rate reached 52% due to negative per capita growth and rising inflation. The World Bank estimates that 14.1 million people were...
The approach aims to speed up Rwanda's continental trade by grouping the goods of its businesses into a single shipment, thus optimizing logistics and...
The ECOWAS Development Bank prioritizes financial stability and aims to continue its operations in the region, regardless of the AES countries' plans to...
The HCP highlights that the growth in the second quarter of this year was mainly driven by domestic demand, with inflation easing during the...
The program, launched by Heva Fund and Next Narrative Africa, aims to provide up to $5 million for each African television or film project. It seeks...
The Cocoa & Forests Initiative (CFI), the largest and first sector-wide public-private partnership in the cocoa industry, has released its latest annual...
In Africa, technical and vocational education faces many challenges, especially for young people and women. Among these challenges are the mismatch...
In the face of global economic uncertainties and rising financing needs, the WAEMU states continue to turn to the regional public securities market to...
With significant mining, agricultural, and tourism potential, the Sud-Comoé region contributes over $1.7 billion to Côte d'Ivoire's GDP. From...
The mechanism created in 1997 increases the debt payment burden. It is heavily criticized by economists and developing countries. The International...
This positive momentum does not hide the challenges Côte d'Ivoire faces. High public spending, especially on infrastructure and security, still strains...
The program will support reforms to address macroeconomic imbalances, strengthen debt sustainability, and promote private sector-led growth. Yesterday,...
Strengthening bilateral relations, advancing infrastructure projects, and transitioning to clean energy will take center stage in discussions between the...
The Board of Directors of the African Development Bank Group on 20 September 2024 approved a $129.71 million loan to Tanzania for the implementation...
Zambia has faced significant tensions with mining investors between 2019 and 2021, resulting in blocked investments and a drop in copper production to...
Nigeria is currently facing devastating floods that have affected several regions. The floods have caused numerous casualties, significant property...
In 2023, the external debt of the West African Economic and Monetary Union (WAEMU) countries increased to CFA4.4 trillion, or about $7.4 billion,...
Ivorian SMEs are supported by incentives designed to boost their share of public contracts. During the first half of the year, they secured 71.1% of the...

ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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