IMF recommends USD$150 million in funds for Benin

IMF recommends USD$150 million in funds for Benin

The International Monetary Fund has announced its recommendation for USD$150.4 million in funds to boost economic growth in Benin. An IMF team spent a week in Cotonou at the request of Benin’s government and completed their mission on Wednesday  While there, IFM representatives led by Norbert Toé met with President Patrice Talon,…

Algeria: Budget plans add to political, economic tensions

Algeria: Budget plans add to political, economic tensions

Algerian teachers and medical workers are threatening strikes as the country’s economic woes linger amid low oil prices, and the government proposes tax hikes and salary freezes to stretch the budget. The three-year economic plan released last month also considers reduced food subsidies, with increases in bread and milk prices. Algerian…

Lagarde: Africa’s tech, soft infrastructure are IMF priorities

Christine Lagarde, managing director of the International Monetary Fund, said soft infrastructure investment across Africa is a development and investment priority as the IMF encourages a more inclusive – and more vigorous – approach to global economic growth. “More can be done to raise growth now and make it more inclusive,”…

African entrepreneurs to boost jobs in Africa

Africa is going to be the place that creates the next up-and-coming global software entrepreneurs predicts Jørn Lyseggen, the founder CEO of Meltwater, in an interview for News24Live. “I have been to Africa more than 50 times since 2007 and I see so much talent and I see so many…