On November 20, 2023, the Executive Board of the International Monetary Fund (IMF) discussed the staff report: “Review of the Fund’s Strategy on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).” The staff report takes stock of the implementation […]
The federal government is seeking to expand over $11.8 billion bilateral trading partnership with the Republic of India in a bid to boost growth in key sectors of the Nigerian economy. Speaking on Tuesday at the Nigerai-India Business Council (NIBC) […]
U.S. Secretary of State Antony Blinken on Tuesday pledged $45 million in additional financing to help fight conflict and bring stability to coastal West Africa, where insecurity linked to jihadist insurgencies has increased in recent years. Blinken is on the […]
Ivory Coast successfully raised $2.6 billion through two bonds with respective maturities of nine and 13 years in its first return to the international Eurobonds market after two years of absence, the government said in a statement on Tuesday. It […]
UAE’s Abu Dhabi Commercial Bank (ADCB) has obtained the approval of the Saudi Council of Ministers for a licence to operate a banking business in the kingdom. ADCB intends to fulfil all technical and regulatory requirements stipulated by the Saudi […]
The International Monetary Fund has expressed discontent with Kenya’s plan to re-introduce fuel subsidies. This global lender disclosed its concerns about the viability of the scheme, noting that Kenya may not that there is a lack of fund to pay […]
The Indian economy is poised to touch USD 5 trillion next financial year – 2024-25 – and capitalise to double to USD 10 trillion by the end of this decade, said Union Petroleum Minister Hardeep Puri. At present, the Indian […]
The Kenyan government has extended its full support to Kenyans looking to find work overseas. The administration has pledged to secure important bilateral agreements to safeguard its nationals in foreign countries. This is all part of the government’s initiative to […]
Trade relations between Africa and the United States have been evolving, bringing about new opportunities and challenges for both regions. Since its enactment in 2000, the African Growth and Opportunity Act (AGOA) has been at the core of U.S. economic […]
Saudi Arabia’s telecommunications operator Etihad Etisalat (Mobily) has signed a Murabaha financing deal with the Saudi National Bank (SNB) for 4.8 billion riyals ($1.3 billion) . Mobily, an affiliate of the UAE’s Etisalat, will use SAR 3.685 billion to partly […]
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