IMF approves disbursement of $60.7 million to Mozambique

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The executive board of the International Monetary Fund (IMF) has successfully concluded the third review of Mozambique's three-year loan program. This development enables an immediate disbursement of approximately $60.7 million to Maputo,…

Boeing faces global scrutiny following Alaska Airline incident

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Boeing finds itself grappling with renewed safety concerns as federal authorities announce a temporary grounding of select Boeing 737 Max planes following a distressing incident involving an Alaska Airlines jetliner. The Federal Aviation…

Will Kenya’s renewed privatisation push succeed?

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President William Ruto has announced that 35 state-owned enterprises are slated for privatisation, thrilling stock market executives but dismaying opponents. A recent change in the privatisation laws of Kenya has empowered the National…
  According to the Secretary-General of the AfCFTA Secretariat, H.E. Wamkele Mene, “the Private Sector is the core pillar for achieving the AfCFTA goals, because the Private Sector creates jobs, fosters innovation and enables fair…

Nigerian president outlines first budget after reforms

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Nigeria's president said Wednesday economic growth and national security were among his main concerns as he outlined his first budget since coming to power and launching an ambitious reform agenda. In a speech to lawmakers in the capital…

Several agreements signed between Nigerian and French companies

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  Several agreements in principle were signed Thursday in Lagos between Nigerian and French companies, in the sectors of agriculture, energy and technological innovation, marking France's desire to strengthen its investments in Nigeria…

Liberia: World Bank suspends acccess to “unwithdrawn loans”

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The World Bank has suspended its access to "unwithdrawn loans" in Liberia after the country defaulted loan repayments by 60 days under the administration of outgoing president George Weah. The decision to suspend access was conveyed in…

Kenya: court overturns unpopular payroll levy

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A Kenyan court ruled on Tuesday that a salary levy introduced by President William Ruto in June was illegal, dealing a major blow to the government's aim of bolstering the state coffers. A law allowing a 1.5% levy on the salaries of all…

Pan African Chamber of Commerce and Industry (PACCI) Commends Rwanda for Joining the Visa-Free Travel for All Africans Movement!

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Pan African Chamber of Commerce and Industry (PACCI) Commends Rwanda for Joining the Visa-Free Travel for All Africans Movement! [Addis Ababa, 3rd November 2023] — The Pan African Chamber of Commerce and Industry (PACCI) applauds the…

Press Release on Kenya’s Visionary Economic Initiatives

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Greetings from the Pan African Chamber of Commerce and Industry   Kindly find attached a press release from PACCI on the support for the Republic of Kenya, lauding their recent pioneering efforts to foster economic growth, inclusivity,…