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WASHINGTON (Reuters) – The executive board of the International Monetary Fund on Friday approved the second review of Ethiopia’s current financing program, the fund said, paving the way for a disbursement of about $250 million. The East African nation struck the four-year, $3.4 billion program deal last July, after it undertook far-reaching reforms including the …

IMF’s board approves second review of Ethiopia’s $3.4 billion program Read More »

MAPUTO (Reuters) – Mozambique President Daniel Chapo on Friday appointed Carla Louveira as finance minister and Estevão Pale as mineral resources and energy minister. Louveira was the deputy minister of economy and finance from 2020, and worked alongside co-deputy minister Amílcar Tivane from 2022. She has also held the role of director of the Office …

Mozambique president appoints new finance, energy ministers Read More »

ROME (Reuters) – Italian aerospace company Leonardo and agro-industrial group BF signed a deal with the government on Friday to provide agricultural projects to several African countries as part of Rome’s development plan for the continent. The accord is part of the so-called Mattei plan, a group of initiatives aimed originally at helping economic growth …

Leonardo, BF partner up with Italy govt for agricultural projects in Africa Read More »

By Brian Benza GABORONE (Reuters) – Botswana’s economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official said at a budget workshop on Friday, as the global diamond market is anticipated to recover. The Southern African country’s economy shrunk 3.3% in the first three quarters of …

Botswana expects 2025 economic growth rebound on better diamond market Read More »

PARIS (Reuters) – Societe Generale, France’s third-biggest listed lender, has agreed to sell its subsidiary in Mauritania to a consortium led by asset manager Enko Capital, according to a statement sent to Reuters on Friday. Details of the transaction, which comes after a first failed attempt to sell the unit to banking group Coris, were …

SocGen agrees to sell Mauritania’s unit to consortium led by Enko Capital Read More »