IMF Archives

Senegal Denies Secret €650 Million Borrowing Amid Debt Concerns

Senegal’s government has denied claims in the Financial Times that it secretly borrowed 650 million euros ($754 million) to avoid default, insisting the transactions were conducted transparently and in line…

Africa News Now March 25, 2026

ANN Eastern Africa

Mozambique Seeks IMF Support as Debt Pressures Mount

Mozambique is preparing to host a mission from the International Monetary Fund in the coming months, as authorities look for support to manage rising fiscal and debt pressures. The visit…

Africa News Now March 24, 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 Northern Africa

Egyptian Pound Hits Record Low as Foreign Investors Exit Local Bond Market

The currency of Egypt fell to its weakest level on record on Sunday, with the Egyptian pound dropping for the first time beyond 52 pounds per US dollar in official…

Africa News Now March 9, 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

Senegal PM Sonko Warns of Exit From Government Amid Rumoured Rift With President Faye

Senegal’s Prime Minister Ousmane Sonko has said he is prepared to pull his party out of government and return to the opposition if President Bassirou Diomaye Faye strays from their…

Africa News Now March 2, 2026

ANN Northern Africa West Africa

PM Sonko Rules Out Debt Restructuring as Senegal Faces Rising Fiscal Pressure

Senegalese Prime Minister Ousmane Sonko has said his government will not pursue a debt restructuring, even as the country faces mounting repayment pressures and reduced access to international financing. Speaking…

Africa News Now January 9, 2026

ANN

Activists Light Up Johannesburg Ahead of Historic G20 Summit

Johannesburg’s skyline turned into a glowing protest canvas on Wednesday night as South African artists and global activists projected bold messages onto city buildings ahead of the first-ever G20 summit…

Africa News Now November 20, 2025

ANN Eastern Africa

World Bank Lifts Loan Ban on Uganda Despite Controversial Anti-LGBTQ Law

The World Bank has officially resumed lending to Uganda, ending a nearly two-year suspension prompted by the country’s enactment of one of the world’s harshest anti-LGBTQ laws in 2023. The…

Africa News Now June 5, 2025

African Diaspora ANN Eastern Africa

Ethiopia Nears IMF Loan Review Agreement, Eyes Summer Start for Formal Debt Talks with Bondholders

Ethiopia expects to reach a preliminary agreement with the International Monetary Fund (IMF) this week on the third review of its $3.4 billion loan program, according to State Finance Minister…

Africa News Now April 28, 2025

ANN Eastern Africa

Kenya Set to Overtake Ethiopia as East Africa’s Top Economy by 2025, Says IMF

Kenya is poised to become East Africa’s largest economy by 2025, overtaking long-time rival Ethiopia, according to new projections by the International Monetary Fund (IMF). The IMF forecasts Kenya’s GDP…

Africa News Now April 25, 2025