Tag: rapid credit facility

Uganda secures $491.5mn loan from IMF to address economic impact of COVID-19

The International Monitory Fund executive board approved US$491.5 million under the Rapid Credit Facility, to help Uganda address the economic impact of the COVID-19 pandemic. Moreover, According to Uganda Electricity Transmission Company Limited there has been a marginal drop of in demand for electricity by 10 per cent since the country went into lock-down in March. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.

IMF approves $1-billion emergency funds for Ghana to fight COVID-19 pandemic

The Executive Board of the International Monetary Fund has approved one billion dollars for Ghana to address the COVID-19 pandemic. The funds will be drawn under the Rapid Credit Facility. Samuel Kofi Ampah, Head of Research at Groupe Nduom joins CNBC Africa to discuss the growing implications of the COVID-19 pandemic on Ghana’s economy.

IMF approves funds to Ghana, Senegal & Mozambique to fight COVID-19

The International Monetary Fund has approved the payment of funds to a number of African countries such as Ghana, Senegal and Mozambique, under the Rapid Credit Facility which is set to help countries deal with the impact of the COVID-19 pandemic. Ridle Markus, Africa Strategist at ABSA Corporate and Investment Banking joins CNBC Africa for more.