Daily Archives: January 15, 2017

Rwanda’s IMF PSI and SCF targeted at addressing growing external imbalances

As Uganda and Tanzania are reviewed by IMF Executive Board for the 7th and 5th time respectively, Rwanda is accordingly being reviewed by the Board for the Sixth time under the Policy Support Instrument (PSI) and the first review under the Standby Credit Facility (SCF) for Rwanda. read more

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Uganda’s Economy Expected to Experience 5% Increase in Fiscal Year 2016/2017

Uganda’s economy has performed above expectation within unfavourable conditions. This has been discovered through a review exercised by the IMF Executive Board under the Policy Support Instrument (PSI) for Uganda. The PSI which is designed for countries that do not need balance of payments financial support was approved for Uganda by the Board on June 28, 2013 and a one-year extension was approved on June 6, 2016. This review marks the 7th review of the Board under the PSI. read more

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Maputo Could Be a Mega-Ship Port

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Super-Wide Rail Cars Could Boost Port Transfers

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Cross-border collaboration in West Africa to be fostered at the Regional Energy Co-operation Summit

Regional Energy Co-operation Summit to discuss opportunities for cross-border power projects and investments across the West African region – Côte d’Ivoire, 26-27 January 2017. Under the theme unleashing international capital to drive forward West Africa’s regional integration. The event will host keynote addresses from Hon. Patrick Sendolo, Minister of Mines, Lands and Energy of the Republic of Liberia and H.E. Prof. Alpha Oumar Dissa, Minister of Energy, Mines and Quarries, Burkina Faso; while attracting high profile speakers with diverse background across the West African region. read more

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What makes Ethiopia a must see of the planet?

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Critical time for Ethiopian Business Development

Ethiopia’s focus to tackle poverty once again put the country to prioritize on infrastructural development through public investments aspiring to make the country a manufacturing hub. This is expected to turn Ethiopia into a lower middle income country in the next decade growing the industrial sector by 20% average. read more

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