Discover the top 10 African countries with the lowest debt to the International Monetary Fund (IMF) in Q4 2024, showcasing their commitment to fiscal responsibility and economic autonomy.
Ghana's GDP growth rate hits a 6-year high, reaching 7.2% in Q3 2024, following a $3 billion IMF loan to help the country recover from economic crisis.
Offshore hackers, known as 'Waste,' breach Bank of Uganda's IT systems, stealing $16.8 million, with a portion transferred to Japan, highlighting Africa's cybersecurity vulnerabilities.
The International Monetary Fund warns Kenya against taking a $1.5 billion loan from the UAE, citing foreign exchange risks and debt distress concerns, as the East African country's debt to the IMF grows.
A new amendment bill in Kenya seeks to increase core capital requirements for banks, potentially forcing 24 banks to close, while Amazon develops a new AI-powered Alexa and Nigerian finance employees express salary dissatisfaction.
Kenyan commercial banks will reduce lending rates starting December 2024, following the Central Bank of Kenya's recent benchmark rate cut and pressure to align lending rates with monetary policy changes.
A recent report reveals that 56% of finance professionals in Nigeria are dissatisfied with their jobs, citing low pay and stagnant salaries despite years of experience.
Nigeria's public debt increases to N134.30 trillion, with a significant jump in Naira debt, despite a slight drop in USD value, amidst economic downturn and currency devaluation.
Union Bank of Nigeria increases salaries by 40% to help over 2,000 employees cope with the rising cost of living, following a similar trend among Nigerian commercial banks.
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