Africa to Receive Emergency IMF Grants

22 African countries have been approved for emergency aid by the International Monetary Fund. 28 countries in total were approved for assistance by the IMF on Monday.

Africa News reports that the funds will enable these countries to either pay their debts or alleviate the devastating impact of the Covid-19 pandemic on those nations.

According to Africa News, the IMF canceled the debt of 25 financially challenged countries in April after activating the Natural Disaster Response and Assistance Trust Fund of about $500 million.

The 28 recipients of the grant could receive, collectively, a total of $959 million by April 2022. The funds are not a loan.

The least wealthy countries in Africa, barring Rwanda, qualify for aid. Mali, meanwhile, is on the IMF’s waiting list until its new government receives an international endorsement.

Umm Muhammed Umar

Soul City Institute Marks 30 Years Advocating for Reproductive Justice

Neelam Rahim | neelam@radioislam.co.za 3-minute read 23 February 2025 | 15:00 CAT As South Africa observes Reproductive Health Month, the Soul City Institute celebrates 30 years of championing reproductive justice and feminist advocacy, placing a strong focus on...

IRR Calls for Rethink on BEE Premiums Amid Budget Delays

Neelam Rahim | neelam@radioislam.co.za 3-minute read 23 February 2025 | 12:22 CAT The unprecedented delay in tabling South Africa’s budget has sparked calls for a fundamental reassessment of fiscal priorities, with the Institute of Race Relations (IRR) leading the...

eThekwini Water Crisis Deepens: ERPM Calls for Mass Protest on March 1

Azra Hoosen | ah@radioislam.co.za 22 February 2025 | 19:00 CAT 3 min read eThekwini Municipality is facing mounting pressure from residents as the water crisis continues to worsen, with some communities going weeks without access to clean water. In response, the...

Competition Commission SA secures R100 million public interest commitment in Price-Fixing settlement

Azra Hoosen | ah@radioislam.co.za 21 February 2025 | 14:30 CAT 3 min read After nearly a decade of legal battles, the Competition Commission has reached a settlement agreement with DH Brothers Industries (Pty) Ltd, trading as the Willowton Group, over allegations of...

Political Turmoil Deepens as South Africa’s Budget Crisis Unfolds

Neelam Rahim | neelam@radioislam.co.za 3-minute read 21 February 2025 | 14:14 CAT In a move unprecedented in South Africa’s democratic history, the government announced the postponement of the national budget speech, initially scheduled for this week. This marks the...

The ASRI Report

21 February 2025 | 12:32 CAT 3-minute read Unprecedented budget delay raises concerns over government spending The South African government’s unexpected decision to postpone its budget announcement at the last minute has sparked widespread concern over fiscal...