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IMF approves additional $40 million for Somalia, releases $30 million in immediate budget support MOGADISHU — The International Monetary Fund has approved an additional $40 million for Somalia after completing the fourth review of the country’s Extended Credit Facility, authorizing an immediate $30 million disbursement for budget support. The decision lifts Somalia’s total access under the program to about $140 million and brings cumulative disbursements to roughly $100 million under the arrangement approved in December…

The Africa Centres for Disease Control and Prevention, alongside the World Health Organisation, have sounded the alarm on the current mpox outbreak in Africa. They've classified it as a health emergency. The epidemic, originating in the Democratic Republic of Congo, has now seeped into neighboring nations. According to Fitch, seven countries have verified mpox cases: Cameroon, Côte d'Ivoire, Kenya, Nigeria, Rwanda, South Africa, and Uganda. In a cautionary note, Fitch warned investors about potential under-reporting,…

Salaam Somali Bank Provides Micro Credit to Small Businesses in Mogadishu MOGADISHU, Somalia - The Salaam Somali Bank, which is a leading private bank in Somalia, continues to contribute to the country's economic growth by providing free microfinance funds to develop small businesses. On Thursday August 19, 2021, the Bank's branch in the Bakaro market provided microfinance funds called “Qardu…

African champion 2019 with Algeria, double champion in England with Leicester and Manchester Metropolis, Riyad Mahrez has largely gained his place on the soccer planet. However not every thing was straightforward for this pure product from Sarcelles, within the Paris suburbs. A metropolis that has given him every thing, and that he at all times honors with discretion. Mancunia meets PSG on Wednesday 28…

The French-Ivorian banker Tidjane Thiam was recruited by Rwanda to develop the attractiveness of its monetary sector. The previous head of Credit score Suisse has been appointed Chairman of the Board of Rwanda Finance Restricted, a state-owned firm whose mission is to make Kigali a world monetary heart. as reported from Kigali,…