One of Africa's brightest prospects when it won independence, Zimbabwe's economy has collapsed since 2000.
The decision will lay the basis for funds to again flow into the corrupt regime’s coffers, deepening its contempt for citizens’ legitimate demands.
The government still has choices for raising external debt and can borrow cheaply from its liquid local markets
Other lenders may withdraw support to Guinea-Bissau as well, as an IMF programme also signals that the country’s macroeconomic policies are sound
Still reeling from a bloody conflict, the country’s international reserves can only cover a few days of imports
IMF sets out carrot-and-stick plan for Somali economy: it's a big task—up to 95% of its currency notes are fake
The bank's last mission to Somalia was sighted in November 1989, when it tackled a contraction in growth rate of -1.5%, now it is more involved.
Presidents promising overnight riches are elected, lofty pledges are made, grand visions proclaimed. So what then goes wrong?
Countries from Ghana to Mozambique have approached the IMF for assistance since the start of last year
The Washington-based lender last Wednesday called off a staff mission to Mozambique, in addition to suspending aid after huge sum was uncovered.
Two years after big praise, some of Africa’s former brightest economic stars are seeking bailouts. What went wrong?
With easy money all around, insufficient attention was paid to the quality of economic policy-making
Africa's complicated economy—one country will grow 40% in just five years, another expects 212% inflation
Even the numbers about the continent are never dull.
Ivory Coast, Kenya, Rwanda, Senegal and Tanzania are all expected to grow at impressive rates of between 6-7% or more this year and next
Who's afraid of privatisation in Africa? The successes, heartbreaks, and (sometimes bizarre) reversals
It's estimated that the number of state-owned enterprises in sub-Saharan Africa fell from 6,069 to 4,058 in just 5 years (1990-1995), a 33% reduction
African Union member states foot the bill for only 10% of the organisation's programmes
The fight against graft would help address perception that governance had deteriorated in Tanzania in recent years
Zimbabwe says will shut all foreign-owned companies that have not sold majority shares to blacks on April 1
'Comply by that date or close shop, comply by that date or face the full wrath of the law', Cabinet minister says.
Africa’s biggest economy is slowing to a halt, and now there are whispers of a recession
Lenders praises country's effort to clear debts, but stressed the need for fiscal discipline, weeks after president's birthday party cost $800,000.
Once Africa’s economic shining star, Ghana now in the IMF's clutches— and for some, sales are down 90%
Growth in the country, an oil supplier since 2010, is languishing near the slowest pace in 20 years—the result of giddy government spending.