The Government of Cameroon is set to receive over $75 million from the International Monetary Fund (IMF). The Executive Board of IMF on Thursday concluded the eighth reviews under Cameroon’s Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements. “The completion of the ECF-EFF reviews allows for an immediate disbursement of SDR 55.2 …
Cameroon secures $75 million financing from IMF – etbaba.com Read More »
Vertiv (NYSE: VRT), a global provider of critical digital infrastructure, today announced it has entered into an agreement to acquire the Great Lakes Data Racks & Cabinets family of companies (collectively “Great Lakes”) for $200 million. Great Lakes is recognized for designing and manufacturing innovative, highly customized data rack enclosures and other integrated infrastructure offerings …
Vertiv to acquire custom rack solutions manufacturer – etbaba.com Read More »
The Government of Cameroon is set to receive over $75 million from the International Monetary Fund (IMF). The Executive Board of IMF on Thursday concluded the eighth reviews under Cameroon’s Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) arrangements. “The completion of the ECF-EFF reviews allows for an immediate disbursement of SDR 55.2 …
Cameroon secures $75 million financing from IMF – etbaba.com Read More »
Vertiv (NYSE: VRT), a global provider of critical digital infrastructure, today announced it has entered into an agreement to acquire the Great Lakes Data Racks & Cabinets family of companies (collectively “Great Lakes”) for $200 million. Great Lakes is recognized for designing and manufacturing innovative, highly customized data rack enclosures and other integrated infrastructure offerings …
Vertiv to acquire custom rack solutions manufacturer – etbaba.com Read More »
Rising debt, geopolitical instability and declining aid flows are intensifying external pressure on African economies. In a briefing to the Africa Group of ambassadors at United Nations (UN) headquarters, Claver Gatete, Executive Secretary of the Economic Commission for Africa (ECA, highlighted the economic pressures facing African countries and outlined ECA’s response, from budget stabilization and …
Africa told to unite amid debt crisis, donor retreat – etbaba.com Read More »
An international conference scheduled next week in Geneva is set to explore the drivers of the current debt-driven development crisis, and how to improve resilience and risk management amid growing global uncertainties. Governments are grappling with soaring debt costs that are squeezing public finances and stalling development. As the world heads toward the 4th International …
Conference to explore international debt management – etbaba.com Read More »
Ahead of the 2025 Conference of Ministers, a three-day meeting of Experts closed with the Economic Commission for Africa’s Deputy Executive Secretary (Programs) and Chief Economist Hanan Morsy calling for African countries to make a concerted effort to shape a more prosperous future for the continent. “We stand at a crossroads,” Morsy said, highlighting the …
African experts advised to redefine prosperous future – etbaba.com Read More »
The African Development Bank (AfDB) and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project, AfDB said without mentioning how much it plans provide for the construction. The MOU was signed and shared on social media five days ago even though the …
AfDB intends to finance Ethiopia’s new airport construction – etbaba.com Read More »
Government officials, migration experts, diaspora representatives, private sector actors, civil society, and youth leaders gathered in Mombasa this week to press for concrete progress on ratifying the African Union’s Free Movement of Persons Protocol. The two-day meeting, jointly convened by the UN Economic Commission for Africa (ECA) and the African Union Commission (AUC), brought together …
Africa urged to ratify free movement of persons protocol – etbaba.com Read More »
BY ANDUALEM SISAY GESSESSE / JOHANNESBURG – The African Union (AU) is urged to take the leadership and help member states to craft a uniform debt contract template that protects the African people from being ripped off their wealth due to unfair and bad loan contracts. This is stated during the 5th round of African …
Africa urged to craft uniform debt contract template – etbaba.com Read More »