Finance Archives

South Africa Withholds Funds From 69 Municipalities Over Financial Mismanagement

South Africa's National Treasury has suspended July funding allocations to 69 municipalities, including Johannesburg, citing persistent financial mismanagement and failure to meet fiscal governance standards. The Treasury said the move…

Africa News Now July 9, 2026

ANN West Africa

Burkina Faso Raises Nearly 66 Billion CFA Francs in Oversubscribed Regional Bond Auction

Burkina Faso has raised 65.99 billion CFA francs (about $110 million) on the regional financial market after issuing Treasury bills and bonds through the UMOA-Titres. The government had initially targeted…

Africa News Now March 12, 2026

ANN

Gabon Seeks New IMF Loan to Support Economic Reforms

Gabon has formally requested a new financial arrangement with the International Monetary Fund (IMF) as the oil-producing Central African nation looks to stabilize its economy and strengthen fiscal management. IMF…

Africa News Now March 11, 2026

ANN West Africa

IMF Signals Possible New Loan Program for Zambia After August Elections

The International Monetary Fund (IMF) says discussions with Zambia over a potential new financial support program could begin as early as April, but a final agreement is likely to come…

Africa News Now March 6, 2026

ANN West Africa

Burkina Faso’s Patriotic Support Fund Exceeds CFA 496bn as Public Backs Security Efforts

Burkinabè citizens and the diaspora contributed CFA 496.97 billion to Patriotic Support Fund (PSF) by the end of 2025, exceeding the cumulative target of CFA 450 billion and reaching a…

Africa News Now February 19, 2026

ANN

Botswana Weighs Tax Hikes as Diamond Slump Strains Economy

Botswana is considering raising income and corporate taxes as a prolonged downturn in the global diamond market squeezes government finances in a country where diamonds are the economic backbone. Falling…

Africa News Now February 10, 2026

ANN Central Africa

CEMAC Suspends Activities Amid Financial Crisis in Central Africa

The Economic and Monetary Community of Central Africa (CEMAC) has announced a suspension of most of its projects and official missions due to a severe financial crisis affecting its operations.…

Africa News Now February 9, 2026

ANN Eastern Africa

Ethiopia Pushes to Convert Commercial Debt into Concessional Loans Amid Economic Reforms

The Ethiopian government is in active negotiations with international creditors to convert a portion of its commercial debt into concessional loans, a move aimed at easing repayment pressures and lowering…

Africa News Now October 29, 2025

ANN Central Africa

Chad Secures $625 Million IMF Deal to Boost Economic Stability and Development

Chad has secured a $625 million financing agreement with the International Monetary Fund (IMF) under a new four-year Extended Credit Facility (ECF) program that will run from 2025 to 2029.…

Africa News Now July 28, 2025

ANN West Africa

Senegal Raises $644 Million in Oversubscribed Bond Sale Amid Debt Concerns

Senegal’s government has successfully raised 364 billion CFA francs ($644 million) through its second bond issuance of 2025, surpassing its initial target of 300 billion CFA by more than 21%,…

Africa News Now July 17, 2025

African Diaspora ANN Northern Africa

Egypt, China Deepen Financial Ties with Currency Trade, Panda Bonds, and Digital Payment Deals

On July 10, 2025, the Governor of the Central Bank of Egypt, Hassan Abdalla, hosted his Chinese counterpart, Pan Gongsheng of the People’s Bank of China, in Cairo for a…

Africa News Now July 11, 2025