Skip to content

Live On Air

🎧 Listen Live 🔴

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • Events
  • Competitions

African Leaders Approve $20B Stability Fund

News

African leaders have approved the establishment of a $20 billion continental financial stability fund, in a move designed to stave off potential debt crises on the continent before they take hold.

African leaders have approved the establishment of a $20 billion continental financial stability fund, in a move designed to stave off potential debt crises on the continent before they take hold.

The facility, known as The African Financial Stability Mechanism, will get its own credit rating to allow it to borrow on international capital markets.

Announcing this in a statement yesterday, the African Development Bank said it will host the mechanism.

African leaders had called for the creation of the fund in February 2022 and mandated the AfDB to carry out preparations to set it up.

READ ANOTHER RECENT STORY https://classic97.net/frsc-launches-drivers-licence-print-farm-in-lagos/

More Posts

Anna Wintour Steps Down as US Vogue Editor After 37 Years

Anna Wintour Steps Down as US Vogue Editor After 37 Years

Read More »
Awoniyi Signs New Nottingham Forest Deal Until 2028

Awoniyi Signs New Nottingham Forest Deal Until 2028

Read More »
Senate Gives NNPCL 10 Days to Answer ₦200tn Financial Queries

Senate Gives NNPCL 10 Days to Answer ₦200tn Financial Queries

Read More »
Nigeria Loses $1.1bn Annually to Medical Tourism — Afreximbank

Nigeria Loses $1.1bn Annually to Medical Tourism — Afreximbank

Read More »
  • 2025 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Facebook-f Instagram Twitter Youtube
Facebook-f Instagram Twitter Youtube
  • Copyright © 2022 Megalectrics Limited
  • Listen Live

Live On Air

  • About Us
  • Shows
  • News
  • Classic TV
  • The Crew
  • Contact Us

Classic 97.3 FM

LAGOS

26 Keffi Street, Off Awolowo Road, Ikoyi, Lagos

  • Port-Harcourt
  • Abuja
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube
  • Listen Live

Live On Air

  • Home
  • About Us
  • Classic TV
  • Shows
  • The Crew
  • News
  • Contact Us
Facebook-f Instagram Twitter Youtube
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited