Middle East & Africa round-up: Nigeria foreign exchange rule banked by woman who may be finance minister, and more

16 Oct 15

A round-up of recent public finance stories from the Middle East & Africa you might have missed.

Nigeria foreign exchange rule banked by woman who may be finance minister

Kemi Adeosun, tipped by some analysts to be the next Nigerian finance minister, said a currency devaluation on its own won’t solve the nation’s economic problems and she supports the central bank’s foreign-exchange restrictions. (Bloomberg)

Saudi state claws back unspent money as finances tighten

Saudi Arabia's finance ministry, seeking to cut waste as state revenues shrink because of low oil prices, is telling government bodies to return unspent money which they were allocated in this year's budget, sources familiar with the policy told Reuters. (Reuters)

Ghana: public purse remains exposed

Executive Secretary of FAT-Africa and former chair of the Public Accounts Committee, Albert Kan-Dapaah, says the management of the public purse in the country is by far the poorest. (Ghana Web)

Tunisia rolls out interoperable mobile money backed by government and looking towards Bitcoin

Tunisia is using elements of a decentralised ledger system to replicate the success of mobile money system MPesa, with a more interoperable e-cash protocol backed by La Poste Tunisienne and the country's central bank. (International Business Times)

Namibia: Prime Minister concerned about financial performance in public sector

Prime Minister Saara Kuugongelwa-Amadhila has said that she is still concerned by the financial performance of various government offices, ministries and agencies who continue to splash the cash on transactions that are not authorised by Parliament. (South African News)

Sierra Leone state house must stop raiding the accounts of state institutions

ANALYSIS: Since coming to office in 2007 it is increasingly becoming the norm for president Koroma and senior ministers to harvest huge sums of money from the accounts of state enterprises and institutions, in support of their personal charitable projects. (Sierra Leone Telegraph)

 

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