Africa International Monetary Fund News Monitoring

The Long Tradition of Debt Cancellation in Mesopotamia and Egypt from 3000 to 1000 BC

Hammurabi, king of Babylon, and debt cancellation The Hammurabi Code is in the Louvre Museum, in Paris. The term “code” is inappropriate, because what Hammurabi left us is a set of rules and judgements on relations between public authorities and citizens. …

Top 10 most indebted countries in Africa

African countries are grappling with mounting debts to the International Monetary Fund (IMF), as ten nations emerge as the most indebted in Q4 2024. These debts reflect a dependence on external financing to address fiscal challenges, particularly during …

Egypt reaches staff level agreement with IMF for $1.2bn funding

Economic Crises in Africa and the Role of International Finance Capital

Events in Liberia and Mayotte reveals the role of imperialism and the continuing underdevelopment of the continent Geostrategic Analysis In the West African state of Liberia, a worsening economic situation is impacting the political stability of the …

African countries among world's largest economies in 2075

Gross Domestic Product (GDP) is a crucial indicator of a country's economic health, which represents the total value of goods and services produced over a specific period. Globally, countries look for ways to boost their economies and create sustained …

Today in History: Today is Friday, Dec. 27, the 362nd day of 2024.

By The Associated Press Today in history: On Dec. 27, 2007, former Pakistani Prime Minister Benazir Bhutto was assassinated in a shooting and bomb attack that killed at least 20 people in the city of Rawalpindi, Pakistan. Sign up for our free newsletters …

Poverty alleviation: Not in the IMF and World Bank DNA, By Ahmed Aminu-Ramatu Yusuf

…IMF and WB loans have created hellish debts, reduced working peoples’ consumption, promoted debt slavery, deepen underdevelopment, and aggravated poverty in UDCs. They are institutions meant to promote and exacerbate hellish debts, reduce working peoples’ …

Unpredictable policy decisions discouraging investment – IMF

INTERNATIONAL Monetary Fund Resident Representative in Zambia Eric Lautier says unpredictable policy decisions and too much bureaucracy is discouraging investment. And Lautier says it is difficult to measure the success of IMF programmes due to the absence …

French monetary imperialism in Africa

Africa the Second World War, General Charles de Gaulle, the President of France, declared la Franc afrique, France’s informal sphere of influence in Africa. Apart from secretly vetting and backing African political elite, he also created the French …

Egypt's central bank seen leaving interest rates on hold

CAIRO - Egypt's central bank is expected to leave its overnight interest rates unchanged when its monetary policy committee (MPC) meets on Thursday, after it indicated last month it would hold rates until next year, a poll of analysts predicted on …

Yearender: The year 2024 leads U.S. to uncertainties ahead

© Provided by Xinhua Photo taken on Nov. 13, 2024 shows the U.S. Capitol building in Washington, D.C., the United States. (Xinhua/Hu Yousong)"Polarization," chosen by the U.S. dictionary Merriam-Webster as word of the year, is a word that has …

Dec. 27, Benazir Bhutto assassinated

In this photo released by the Pakistan's President Office, Chief Justice of Pakistan Qazi Faez Isa, right, administers the oath of office to newly elected President Asif Ali Zardari during a ceremony at the Presidential Palace, in Islamabad, Pakistan, …

HON MUSOKOTWANE IS THE REAL ENEMY OF ZAMBIA- Dr. Mbita Chitala

HON MUSOKOTWANE IS THE REAL ENEMY OF ZAMBIA Dr. Mbita Chitala writes: Hon Musokototwane’s first act against Zambia is when he betrayed President Mwanawasa’s economic program following Mwanawasa’s demise and his appointment as Minister of Finance by …

Ukraine Latest. Weekly Digest for December 16-22, 2024

Ukraine is set to receive first tranche of funds derived from the interest on immobilized Russian sovereign assets. Ukraine attacked the Novoshakhtinsk Oil Products Processing Plant, the largest in southern Russia, with indigenously made drones and …

The Need to Reinstate the Scrapped Capital Transfer Tax in Nigeria

 by  Emeka Ndu, FCA. The recent furore generated by the tax reform bills sponsored by the Tinubu administration has elicited the need to look at the entire concept of tax action in Nigeria. This article will look at an often ignored aspect of taxation, …

Africa News Tonight: Top court rules on Mozambique election, African nations push for UN, IMF reforms, Salah leads in ...

Mozambique’s Constitutional Council has proclaimed the results of the October 9th election following a wave of unprecedented protests that have rocked the African nation. In 2024, African countries once again pushed for the reform of global institutions …

Tunisia: Key dates for public debt repayment in 2025

According to the State Budget for 2025, the state will have to pay 18.2 billion dinars in principal on the public debt, including 8.5 billion dinars on the external public debt and 9.7 billion dinars to cover the principal on the local debt. In addition, 6 …

Tanzania tycoons inject billions into Kenyan ventures

In deal making and investment flows, this is how transactions have gone, at least when it comes to East Africa. A top Kenyan firm or tycoon with fat cheque jets into Tanzania to set shop or buy a struggling company as a strategic investor with an eye on …

Beck: Why Black leaders supported 1924 immigration cuts

A century ago, overwhelming majorities of both parties in Congress voted for the Immigration Act of 1924, which dramatically cut immigration. The editors of Black newspapers and magazines across the country enthusiastically backed these reductions. Some …

Fueling a Green Future: Albanian Minerals Discovers Trillion-Dollar Green Magnesium Reserves

Breaking News – A New Era of Sustainability and Innovation Begins NEW YORK CITY, NY, UNITED STATES, December 28, 2024 /⁨EINPresswire.com⁩/ -- In a monumental breakthrough that heralds the dawn of a new age of environmental harmony and …

Mustang Energy Corp. Raises Aggregate Gross Proceeds of $3,552,950 After Closing the Second Tranche of Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES  OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) (“Mustang” or the “Company”) is pleased …

Q-Gold Announces Closing of Oversubscribed Final Tranche of Flow-Through and Non-Flow Through Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (All figures in Canadian dollars unless otherwise stated) TORONTO, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd (TSXV: QGR, OTC: QGLDF, FRA: QX9G) …

VR Resources Closes Non-Brokered Flow Through Private Placement

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. VANCOUVER, British Columbia, Dec. 27 …

Region of Circles by Zheyu Wang Wins Iron A' Design Award in Jewelry Design Category

Zheyu Wang's Exceptional Multi-Purpose Chain Brooch Set, Region of Circles, Recognized with Esteemed Iron A' Design Award in Jewelry Design COMO, CO, ITALY, December 27, 2024 /⁨EINPresswire.com⁩/ -- The A' Design Award, a highly …

Globex Options Magusi Copper-Zinc-Silver-Gold Project

ROUYN-NORANDA, Quebec, Dec. 27, 2024 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock …

Globex signe une entente d’option sur le projet de cuivre-zinc-argent-or Magusi

ROUYN-NORANDA, Québec, 27 déc. 2024 (GLOBE NEWSWIRE) -- ENTREPRISES MINIÈRES GLOBEX INC. (GMX – Bourse de Toronto, G1MN – Bourses de Francfort, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf, Quotrix Düsseldorf …

Montage Gold Announces Close and Drawdown of US$75M Fully Redeemable Subordinated Gold Stream with Zijin

VANCOUVER, British Columbia, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSXV: MAU, OTCQX: MAUTF) is pleased to announce that it has closed and subsequently drawn the US$75 million fully redeemable subordinated gold …

BWR Exploration Inc. Announces Letter of Intent Signed for Business Combination With Electro Metals and Mining Inc. and ...

TORONTO, Dec. 27, 2024 (GLOBE NEWSWIRE) -- BWR Exploration Inc. (BWR.V TSXV) a Toronto, Ontario - based corporation with its registered address at 82 Richmond Street East, Toronto, Ontario (“BWR”) is pleased to announce it has signed a Binding Letter of …

Nevada Lithium to Commence Trading on TSX Venture Exchange Effective December 31, 2024

VANCOUVER, British Columbia, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Nevada Lithium Resources Inc. ("Nevada Lithium" or the "Company") (TSXV: NVLH; OTCQB: NVLHF; FSE: 87K) is pleased to announce that the TSX Venture Exchange (the “TSXV”) has …

ZT Mining Launches a Free Cloud Mining Website to Empower Cryptocurrency Enthusiasts Worldwide

ZT Mining offers free cloud mining, empowering users to mine crypto easily with no upfront costs. Eco-friendly and user-focused, it's ideal for beginners. READING, ENGLAND, UNITED KINGDOM, December 26, 2024 /⁨EINPresswire.com⁩/ -- ZT Mining, a …

$10M Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

Reno, Nev., Dec. 26, 2024 (GLOBE NEWSWIRE) --  American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary …

Kashmir by Eleonora Federici Wins Iron in A' Jewelry Awards

Eleonora Federici's Exceptional Ring Design Recognized with Prestigious A' Design Award in Jewelry Category COMO, CO, ITALY, December 25, 2024 /⁨EINPresswire.com⁩/ -- The A' Design Award, a highly respected and well-recognized award in …

DEMESNE RESOURCES LTD. ANNOUNCES CLOSING OF A THIRD TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FINANCING

Vancouver, BC, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Demesne Resources Ltd. (CSE:DEME) (OTCQB:DEMRF) (“Demesne” or the “Company”) is pleased to announce that it has completed the third tranche (the “Third Tranche”) of its previously announced non-brokered …

Opus One Gold Corporation Announces Closing of Private Placement

MONTREAL, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Opus One Gold Corporation (OOR: TSXV) (“Opus One Gold” or the “Company”), is pleased to announce the closing of a non-brokered private placement of flow-through shares (“FT Shares”) and units of the Company (the …

Bocana Resources Corp. Provides a Corporate Update

CALGARY, Alberta, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) ("Bocana" or “Company”) announces it has received a letter of resignation from Mr. David Thompson from the Company’s Board of Directors, …

Puma Exploration Announces closing of $668,500 Non-Brokered Financing

RIMOUSKI, Québec, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) announces that it has closed a non-brokered placement (the “FT Private Placement”) consisting of 6,685,000 flow-through units ( …

Mosaic Announces Company Updates

MONTREAL, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or “the Company”) announces some updates about the Company and takes this opportunity to thank its shareholders, partners and suppliers for their trust throughout …

Verde Announces CEO's Decision to End Automatic Securities Disposition Plan

SINGAPORE, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: “NPK”) (OTCQX: “VNPKF”) ("Verde” or the “Company”) announces that its President and Chief Executive Officer, Cristiano Veloso, has terminated the automatic securities disposition …

Fredonia Mining Inc. Announces Filing of Technical Report for the Maiden Mineral Resource Estimate at El Dorado ...

TORONTO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Fredonia Mining Inc. (“Fredonia” or the “Company”) (TSXV:FRED) announces that it has filed a technical report for its wholly-owned El Dorado Monserrat (“EDM”) Gold & Silver Project, Santa Cruz province, …