Nigeria, South Africa and two other African countries exit FATF’s grey list
According the IMF, these countries have lost significant sums of money as a result of being grey listed by the FATF
State of fiat
Your fiat money is backed by the issuing government’s “full faith and credit.” What’s that worth these days?
State of fiat informs about the situation of your local currency.
Unlocking Africa’s next economy would require new money
Ayotunde Alabi highlights how adopting stablecoins and tokenized assets can help Africa build a modern financial system that drives trade and economic growth.
Kenya fails IMF review, forfeits $850M disbursement
The East African country is now seeking a fresh credit program from the IMF.
Kenya and Namibia join 10 African countries on FATF grey list
This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.
Nigeria seeks $1.5 billion World Bank loan to ease forex shortage
Nigeria’s Finance Minister added that the country is also looking to tap into the Eurobond market this year if rates fall.
Ethiopia faces challenges as it integrates into BRICS
In December 2023, Ethiopia informed its bondholders that it would not be able to make a $33 million repayment on its $1 billion Eurobond loan.
IMF approves Kenya’s financial package of $941 million
A staff-level agreement follows the approval of the IMF loan to Kenya in November 2023.