Morocco secures $2.97 billion from IMF
The Executive Board of the International Monetary Fund (IMF) approved a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for about $ 2.97 billion, or 240 percent of Morocco’s…
UNECA celebrates 60th anniversary in Ethiopia
The United Nations Economic Commission for Africa (UNECA) on Monday celebrates its 60th anniversary in Addis Ababa, Ethiopia.
Economic integration reduces multidimensional poverty in Africa
Economic integration is a game-changing reality and African countries must fully embrace it to achieve sustainable inclusive development and reduce multidimensional poverty especially among women and youth.
Africa’s accelerated economic growth comes to an end
Africa’s “easy decade” of accelerated economic growth is coming to an end, and only accelerated job creation and integration will ensure sustainable growth and development across the continent, says renowned economist.
Sierra Leone secures $172 million from IMF
The Executive Board of the International Monetary Fund (IMF) on Friday approved a new 43 months arrangement for Sierra Leone under the Extended Credit Facility (ECF) for SDR124.44 million (about US$172.1 million).
Blue economy at center of Nairobi conference
The two-day event kicks off today with focus on the priorities and challenges of establishing a sustainable blue economy and its contribution to the implementation of the 2030 Agenda for Sustainable Development,…
UN report examines entrepreneurship
From Zambia to Afghanistan, governments in the world’s most disadvantaged countries must prioritize dynamic enterprises and enact policies to help them thrive, create jobs, innovate and transform the economy, according to a…
African Development Bank launches report on Zimbabwe’s economy
The African Development Bank (AfDB) has launched a flagship economic report on Zimbabwe, titled: “Building a new Zimbabwe: Targeted policies for growth and job creation” which aims to support renewal and transformation…
Equatorial Guinea growth outlook remains difficult, says IMF
While the growth outlook remains difficult, there are signs of a slight recovery of the non-oil sector in Equatorial Guinea, said the International Monetary Fund (IMF).
Gabon secures 30 million euros for special economic zone
The African Export-Import Bank (Afreximbank) in Cairo signed an agreement granting an EUR 30 million revolving trade financing facility to Caisse des Dépôts et Consignations du Gabon (CDC Gabon).
IMF team discusses Zambia’s fiscal, debt sustainability
A team of the International Monetary Fund (IMF) staff led by Dhaneshwar Ghura discussed Zambia’s fiscal and debt sustainability. The team visited Lusaka, Zambia last week from November 5–9, 2018 also discussed…
Report advises Africa to avoid demographic time bomb
Africa could be home to a billion angry, under-fed, under-educated and under-employed children and young people by 2050, unless governments wake up early, says a new report.
World Bank approves $1.2 billion to Ethiopia
The World Bank’s Board of Executive Directors on Tuesday approved $1.2 billion ($600 million grant and $600 million credit) to Ethiopian government from the International Development Association (IDA).
Angola sink deeper into debt
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…