IMF says Egypt on track for next aid tranche

2017-01-18 21:31

Egypt has made a "good start" on reforms under a loan deal with the International Monetary Fund and soaring inflation is expected to drop around mid-2017, an IMF official says

Second I Coast soldier killed as mutiny protests return

2017-01-18 12:02

Two mutinous soldiers have been killed in Ivory Coast's administrative capital, as troops staged protests in several cities, firing shots in the air and terrifying residents.

Mozambique says will miss $60m interest payment

2017-01-16 18:42

Mozambique has said it would miss a $60 million interest payment on a 2023 bond, as its economic crisis deepens over hidden debt, the fall in commodity prices and a cut-off in aid.

IMF chief joins Cameroon summit on oil woes

2016-12-24 14:01

IMF chief Christine Lagarde has joined a Cameroon summit of central African leaders aimed at tackling economic woes brought on by weak oil prices.

No jail time for IMF’s Christine Lagarde

2016-12-19 18:01

International Monetary Fund chief, Christine Lagarde, who has been convicted of negligence during her time as France’s finance minister, won’t face a fine or prison term.

We will be poorer in 2017

2016-12-18 06:03

SA faces the prospect of an increased battle for resources, as well as wider and more explosive social unrest, as its citizens are set to become poorer for the third year in a row.

Top Africa stories: Zim, Nigeria, Gambia

2016-11-16 10:24

Zim cash crisis is reportedly deepening, with banks said to have started imposing card use limits on travellers going abroad and Gambia has officially notified the UN of ICC pullout.

Egypt secures $2bn ahead of IMF bailout

2016-11-11 11:16

Egypt's Central Bank is bolstering the country's foreign reserves by securing $2bn in international funding, hours before the International Monetary Fund's board meets to seal Egypt's $12bn loan

When greed kills a nation

2016-11-06 06:18

It was not that long ago that Mozambique was the darling of global financial institutions and international investors.

IMF, World Bank 'remote-control' developing nations - Agang

2016-11-02 10:02

The IMF and the World Bank are “Westernised” institutions with no regard for democracy, the ANC has said in a paliamentary debate over SA's relationship with the two lenders.


Saudi Arabia expects higher growth than IMF forecast

2017-01-18 16:01

Saudi Arabia’s growth this year will be significantly higher than the IMF's new forecast, according to Finance Minister Mohammed Al-Jadaan.

IMF: Education reform key to get SA out of growth slump

2017-01-17 08:37

The International Monetary Fund says broad-based reforms to education are needed to boost growth in South Africa, which it predicts will remain below 1% in 2017.

RW Johnson: Why Zuma’s ANC turning to racism, fuelling anti-white rhetoric – Best of BizNews 2016

2016-12-28 20:06

RW Johnson argues the ruling ANC is ill-equipped to cope with the vote-eroding path it has chosen, and so has started to employ crude racist tactics.

IMF board backs Lagarde after negligence conviction

2016-12-20 06:56

The International Monetary Fund’s executive board reiterated its backing for Christine Lagarde, indicating that she will stay in her job as managing director of the fund.

IMF's Lagarde guilty of negligence

2016-12-19 16:58

IMF head Christine Lagarde has been found guilty of negligence by a French court over a massive payout to a tycoon when she was finance minister.

Nigeria looks to farms as oil boom fades

2016-12-09 11:12

Nigeria is turning to farming as dwindling oil income has driven the economy to the brink of its first full-year contraction in more than two decades.

IMF lifts sanctions against Zimbabwe – report

2016-11-15 15:02

The International Monetary Fund has lifted sanctions against Zimbabwe after the southern African country settled its arrears, a report says.

IMF chief to recommend $12bn Egypt loan approval

2016-11-09 11:21

IMF chief Christine Lagarde says she will recommend the institution approve a $12bn loan for Egypt when the board meets to support the country's "ambitious" reform programme.

Egypt devalues, floats its currency, meeting key IMF demand

2016-11-03 19:14

Egypt has devalued its currency by 48% and announced the pound would be allowed to float - measures that meet a key demand by the IMF in exchange for a $12bn loan over three years to overhaul the country's ailing economy.

Sri Lanka to sell white elephants

2016-10-27 20:31

Sri Lanka says it will reduce its foreign debt by $1bn by selling off former strongman president Mahinda Rajapakse's vanity projects.

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.