Tag: African Economy
Power struggles at the head of the central bank could lead to serious shortages
Libya is once again shaken by power struggles between the two governments of the East and the West: the governor of the Central Bank was forced to flee on August…
2023 Finance Law Cancelled by Court, New Setback for the Government
After withdrawing the 2024-2025 budget project at the end of June following strong protests in the country, the Court of Appeal annulled the 2023 public finance law on Wednesday, July…
Ethiopia liberalizes exchange rate regime, gets $3.4 billion in IMF aid
The Central Bank of Ethiopia (NBE) announced on July 29, 2024 a major reform of the exchange rate regime. Thanks to this change in a system that was until now…
Nigeria doubles civil service minimum wage to face inflation
In Nigeria, after months of negotiations, unions and President Bola Tinubu finally agreed on Thursday, July 19, to raise the minimum monthly wage for civil servants to 70,000 naira (about…
World Bank calls on private investors to support businesses
Following the various shocks of recent years, the public finances of African states have been put to the test. In this context, the World Bank underlines in a report published…
Conclusion of an IMF program in the DRC, between key reforms and persistent challenges
At the end of its board meeting on July 3, the IMF concluded its multi-year program started in 2021 with the DRC, by validating the disbursement of the 7th and…