IMF
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News
The Critical Minerals Africa Group launched to unlock Africa’s critical minerals potential
LONDON, November 14, 2024 — Global leaders in the critical minerals industry have today launched the Critical Minerals Africa Group [CMAG] to foster deeper relationships between Africa and global markets, empower companies…
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News
IMF’s Sub-Saharan Africa Regional Economic Outlook: Reform amid great expectations
Washington, DC – October 26, 2024 — Sub-Saharan Africa’s economic growth is projected to remain subdued at 3.6 percent in 2024, unchanged from 2023, with a modest pickup to 4.2 percent expected…
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News
Uganda secures Shs 468bln loan from IMF
KAMPALA, March 7, 2024: The Executive Board of the International Monetary Fund [ IMF ] yesterday concluded the fifth review of Uganda’s Extended Credit Facility [ECF] Arrangement, enabling the immediate disbursement of…
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International
IFAD Member States approve ambitious US$ 2bln plan to reduce hunger and poverty for 100mln rural people
ROME, 6February 16, 2024 – As climate change, biodiversity loss, economic uncertainties and growing instability take a strong toll on rural communities and small-scale farmers in many parts of the world, particularly…
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Cooperatives & Communities
ICA-Africa to hold midterm review of 13th Africa Ministerial Conference in Lesotho
KAMPALA, January 24, 2024 – The International Cooperative Alliance- Africa [ICA-Africa] in collaboration with the Ministry of Trade, Industry, and Business Development of Lesotho is organising the Midterm Review of the 13th…
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East Africa
Burundi, Kenya get IMF loans to support economic growth
WASHINGTON – The International Monetary Fund [IMF] days ago approved US$ 271 million loan to Burundi under Extended Credit Facility [ECF] arrangement, with US$ 62.6mln ready for disbursement immediately. According to the…
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Finance & Banking
IMF extends over Shs 400bln loan to Uganda
KAMPALA – The Executive Board of the International Monetary Fund [ IMF ] has concluded the fourth review of Uganda’s Extended Credit Facility [ECF], enabling the country to get an additional loan…
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News
Gov’t withdraws €500mln request amid sovereignty concerns
KAMPALA – Government has withdrawn a financing request of €500 million from Amarog Capital Limited and Sovereign Infrastructure Group over concerns regarding tax waivers on interest and fees, as well as the…
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International
SSA growth to decelerate to 3.6 percent
WASHINGTON- Amid a global slowdown, growth in Sub-Saharan Africa [ SSA ] is expected to decelerate to 3.6 percent before rebounding to 4.2 percent in 2024 in line with a global recovery, subsiding…
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Finance & Banking
ECF: Uganda to receive over Shs 880bln from IMF
KAMPALA-Uganda stands to receive an additional US$ 240 million from the International Monetary Fund [IMF] under the Extended Credit Facility [ ECF ] approved by the IMF Executive Board on June 28,…
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