African finance ministers met in a virtual conference to exchange ideas on the efforts of their respective governments in dealing with the social and economic impacts of COVID-19, which disrupted global supply chain and hindered movement of people across the world.
By Tesfu Telahoun Abebe – Third world economies frequently operate on what seems like a parallel level to established and emerging markets. This situation is frequently cited as being a major determining factor for why so few developing countries gain acceptance to the WTO.
Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite being the second largest oil producing country in Africa and the continent’s third strongest economy.
The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the roadmap for accelerating regional integration in the Region with regional infrastructure development among the main pillars of the plan.