In a sign of warming ties, IMF gives Tanzania interest-free $372.4 million loan
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In a sign of warming ties, IMF gives Tanzania interest-free $372.4 million loan

Tanzania’s request to the International Monetary Fund to provide it with a $372.4 million loan to support COVID-19 pandemic relief measures has been approved. The loan will be issued through the Washington-based lender’s Rapid Credit Facility (RCF), and is part of a $567.25 million package released in September under a blended RCF/Rapid Financing Instrument (RFI)…

AFCFTA will boost maritime trade in Africa, says UNCTAD
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AFCFTA will boost maritime trade in Africa, says UNCTAD

A newly released report by UNCTAD has outlined the role the African Continental Free Trade Area (AfCFTA) could play in boosting transport communication networks that will spur intra-African trade. Despite the similarities in languages and ethnicities, African countries seldom trade with each other. Policymakers hoped to change the status quo with the rolling out of…