Transnet Completes Restoration of Key South African Commodity Rail Line

South Africa’s state-owned logistics company Transnet has completed the restoration of the Cape Mainline rail link after severe storm damage disrupted operations earlier this year, marking an important step in efforts to strengthen the country’s struggling freight-rail network. Transnet said the restoration work followed damage caused by storms in May. The Cape Mainline is strategically […]

Imf Reaches $439 Million Staff-Level Agreement With Guinea 

Imf Reaches $439 Million Staff-Level Agreement With Guinea 

41-Month Credit Facility to Support Economic Reforms and Growth The International Monetary Fund (IMF) has reached a staff-level agreement with Guinea on a 41-month Extended Credit Facility worth SDR 310.59 million, equivalent to approximately $439 million. The proposed programme is designed to support Guinea’s economic reforms, strengthen fiscal and monetary frameworks, improve governance and transparency, […]