Kenya’s budget deficit likely to swell – finance minister
Kenya’s budget deficit for this financial year could increase due to revenue shortfalls and coronavirus-related disruptions, the finance minister said on Tuesday. Ukur Yatani, who...
Tag : GDP
Nigerian government seeks bankers’ partnership to ravamp economy
The Federal Government is seeking the partnership of the banking sector in its efforts to revamp the ailing economy occasioned by the outbreak of the...
NCC remits N362.34 billion into Nigerian government’s consolidate revenue fund in five years – official
Fix Africa News Magazine The Nigerian Communications Commission (NCC), remitted N362.34 billion into the Federal Government Consolidate Revenue Fund (CRF), from 2015 to date, Prof....
Chad’s former minister arrested for losing $31 million during negotiations
Chad’s former oil minister was in custody on Thursday following his arrest for allegedly stealing public funds, the police and his lawyer said. Djerassem Le...
Ivory Coast president sees growth slowing to 1.8% in 2020
Ivory Coast’s economic growth is expected to slow to 1.8% in 2020 from a projected 7.2% due to the impact of the coronavirus pandemic, President...
NBS: ICT sector contributes 17.83% to nation’s economy
The National Bureau of Statistics (NBS), on Monday released Nigeria’s Gross Domestic Product (GDP), report for in the second quarter of 2020 (Q2 2020), showing...
Algeria economy rocked by one-two punch of coronavirus crisis
Currency depreciation, inflation, negative growth, businesses closed: Algeria’s economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. And...
Morocco to reform state bodies in virus response – ministry
Morocco plans to reform, merge or dissolve some state bodies to reduce their dependency on a state budget hit by the coronavirus pandemic, the finance...
AfDB Group supports Ghana’s coronavirus response plan with $69 million grant
The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19...
DBN: Credit Gurantee a tool for increased access to finance for MSMEs
File Photo Current realities in Nigeria including the Covid19 Pandemic has brought to light the urgent need for additional support in alleviating the financial constraints...