IMF adopts CPIFR assessment standard for Islamic banking

IMF adopts CPIFR assessment standard for Islamic banking

The International Monetary Fund (IMF) announced Thursday that it will integrate Islamic banking, which now has a presence in more than 60 countries, into its financial stability assessments in nations where Islamic finance commands at least 15 percent of the banking sector market. Beginning in 2019, they’ll use the Core…

ICIJ investigation has West African corruption in its crosshairs

ICIJ investigation has West African corruption in its crosshairs

The launch of a new investigative journalism series has all eyes on West Africa, where the International Consortium of Investigative Journalists (ICIJ) has partnered with reporters in 11 countries to, among other things, track down money in offshore tax havens and expose the elite clientele connected to the funds. “Leaked…

Barrow in Brussels for The Gambia-EU donor conference

Barrow in Brussels for The Gambia-EU donor conference

President Adama Barrow of The Gambia is in Brussels Tuesday for a donor conference to help support the country’s democratic transition from the decades of rule under former dictator Yahya Jammeh. The conference, jointly organized by The Gambia and the European Union, will see Barrow co-chair the meeting alongside High…

UK announces USD$100 million in Zimbabwe development loans

The UK’s development finance institution, CDC, and Standard Chartered Bank today announced an up to USD$100 million in investment funding to grow businesses in Zimbabwe – a move that heralds a new start for the country as the UK has long withheld support while awaiting economic and social reforms. The…

Morocco visits Belarus to discuss support for troubled World Cup bid

Morocco’s Nawal El Moutawakel, head of the country’s National Olympic Committee (NOC), and her delegation visited Belarus to discuss their FIFA World Cup 2026 bid with their counterparts in Minsk. “We are glad to welcome such designated representatives of the Moroccan Olympic Movement,” said George Katulin, the NOC Secretary General…

Thousands march in South Africa’s nationwide union strike

A nationwide general strike Wednesday in South Africa drew thousands of protesters, with marches in at least six cities including Johannesburg, Cape Town and Durban. The strike, coordinated by the South African Federation of Trade Unions (SAFTU), meant to “bring South Africa to a standstill” over the country’s economic plight,…

The African Continental Free Trade Agreement: Making it count for people and planet

With the stroke of a pen, African heads of state gathered in Kigali, Rwanda on March 21, 2018, signed off on the African Continental Free Trade Area (AfCFTA) deal – which some pundits have characterised as the largest free trade agreement since the World Trade Organization. This signing comes at…

Dr. Richard Munang

Dr. Richard Munang is currently the United Nations Environment Africa Regional Climate Change Programme Coordinator.

Qatari diplomat says Suakin Island work to begin this month

Qatar’s ambassador to Sudan said Tuesday that work to restore the port at Suakin Island will begin this month, following the USD$4 billion deal between the two countries to develop the Red Sea site. Rashid Abdul Rahman Al-Nuaimi said the work will begin in the first of three stages, the…

Laureen Fagan

Laureen is the editor of Africa Times

South Africa wants exemption from Trump’s new tariffs

South Africa has expressed its concern over a United States decision to exclude it from the list of countries receiving a last-minute exemption on steel and aluminium tariffs, and has submitted a formal request for the exclusion. The South African Department of Trade and Industry (DTI) said the tariffs that…

Mnangagwa to pitch Zimbabwe recovery plan at Africa CEO Forum

President Emmerson Mnangagwa of Zimbabwe has arrived in Côte d’Ivoire, where he was greeted by President Alassane Ouattara as both head for the Africa CEO Forum to be held Monday in Tuesday in Abidjan. Mnangagwa will present his plans for economic recovery, and with former Nigerian president Olusegun Obasanjo will participate…

Ramaphosa talks trade as Chinese envoy visits

South African President Cyril Ramaphosa on Friday welcomed Yang Jiechi, Special Envoy of President Xi Jinping of China, as he opened a two-day official visit in Cape Town. Ramaphosa said the re-election of President Xi presented an opportunity for South Africa to deepen its strategic cooperation with China at a…