A delegation from the International Monetary Fund (IMF) is expected in Libreville next month as Gabon seeks technical support to implement a reform program aimed at stabilizing its economy. Reform Talks Intensify Although Gabon has not made a formal request for a loan, Finance Minister Thierry Minko told Reuters this…
Ivory Coast President Alassane Ouattara announced a cabinet reshuffle on Friday, retaining most senior ministers while appointing his brother, Defence Minister Tene Birahima Ouattara, to the newly created role of Vice Prime Minister. Tene Birahima will continue to oversee the defence portfolio alongside his new responsibilities. Continuity Over Change The…
Ghana’s former finance minister, Ken Ofori-Atta, has been detained by US authorities, his lawyer confirmed late Wednesday. Ofori-Atta, who was in the United States for medical treatment, faces corruption allegations in Ghana. He was declared a fugitive in February last year and formally charged in November 2025. According to his…
President William Ruto on Wednesday held high-level talks with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, focusing on expanding opportunities for Kenya’s economic advancement. The meeting took place in Washington, D.C., as part of the President’s U.S. tour. President Ruto emphasized that the discussion reinforced a “forward-looking partnership” centered…
Sub-Saharan African governments are increasingly turning to domestic borrowing to fill widening budget gaps a move that the International Monetary Fund (IMF) warns could heighten financial risks, squeeze private sector credit, and destabilize local banking systems. In its Regional Economic Outlook released on Thursday during the IMF–World Bank Annual Meetings…
A coalition of Kenyan non-governmental organisations (NGOs) has accused the government of worsening economic inequality and escalating national debt, in a strongly worded briefing submitted to International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Monday. The briefing, delivered on the sidelines of the IMF and World Bank Annual Meetings…