Tanzania: Govt Issues U.S.$309.645 Million Advance Payment to Stiegler’s Gorge Contractor

[Citizen] Dar es Salaam -The government today has issued an advance payment amounting to $309.645 million (Sh688 billion) to Egyptian company- Arab Contractors for the construction of the 2, 115 MW Stiegler’s Gorge Hydropower project on Rufiji River.

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Zimbabwe: National Budget Shrinks to U.S.$2 Billion

[Zimbabwe Independent] Zimbabwe’s US$8,2 billion 2019 national budget, presented by Finance minister Mthuli Ncube at a time the US dollar was officially trading at par with the country’s quasi-currencies on November 22 last year, has effectively shrunk to RTGS$2,6 billion using the official rate due to currency and exchange rate volatility.

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South Africa: U.S. Demands That Chang Be Sent to New York

[AIM] Maputo -The United States administration made clear on Tuesday that it expects the South African authorities to extradite former Mozambican Finance Minister Manuel Chang so that he can stand trial in New York on charges of conspiracy to commit money laundering, wire fraud and securities fraud.

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Zimbabwe: Zimbabwe Stands to Lose U.S.$400 Million Over Failure to Contribute U.S.$6 Million

[New Zimbabwe] ZIMBABWE risks losing millions in foreign aid over failure to contribute to a program run by international health financial basket the Global Fund towards the purchase of much needed anti-retro viral (ARVs) drugs, it has been learnt.

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Nigeria: Again, Finance Minister Allays Fears On Govt’s Borrowing

[This Day] The Minister of Finance, Mrs. Zainab Ahmed, has again allayed fears over federal government’s borrowings, declaring that there was no cause for alarm as the borrowings still remain within the fiscal threshold.

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Zimbabwe: Sigh of Relief for Chombo

[The Herald] Former Finance Minister Ignatius Chombo yesterday heaved a sigh of relief after his travel documents were temporarily released. His lawyer Mr Tungamirai Muganhiri applied for the temporary release of his client’s passport from February 1 to March 30 this year to enable him to undergo medical procedures in South Africa.

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Lebanon’s caretaker government has edged it towards economic crisis

PITY THE finance minister who must instil confidence in Lebanon, which has the fifth-highest public-debt burden in the world, at 150% of GDP. But Ali Hassan Khalil did a staggeringly poor job of it when he told a local newspaper his country was ready to default.

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