The World Bank approved $600 million of the International Development Association (IDA) financing to help strengthen the capacity and performance…
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Zimbabwe new president set to present his economic recovery project
Emmerson Mnangagwa’s accession to the presidency of Zimbabwe in late November 2017 marks the beginning of a new era for…
Read MoreAfrica’s population explosion is a ticking time bomb
The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match…
Read MoreCorruption a scourge Africa can do without, says ECA’s Biha
Corruption is a scourge that has to be combated if Africa is to achieve the laudable goal of leaving no…
Read MoreWomen network urges AU to escalate fight against corruption
The African Union Member States must take critical steps to eradicate corruption in Africa that perpetuates gender inequality and the…
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World Bank predicts African economy to grow by 3.2% in 2018
The World Bank forecasts Africa’s average economic growth to rise to 3.2 percent in 2018 and to 3.5% in 2019.…
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IMF, UN agency promise to craft new development model for Africa
By Andualem Sisay Gessesse- The International Monetary Fund (IMF) and the United Nations Economic Commission for Africa (UNECA) on Friday…
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U.S. frozen $3.5 billion asset related to foreign corruption
The United States has frozen $3.5 billion in assets linked to foreign corruption and repatriated or is repatriating over $150…
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Africa Week showcases continent’s advancements
The annual Africa Week kicks off on Monday to showcase the Continent’s continuous advancements and achievements with respect to social,…
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Africa’s economic performance improves in 2017
Africa’s economic outlook improved in 2017 compared with 2016 and is expected to gain momentum in 2018.
Read MoreEthiopia devaluates birr by 15%
Ethiopian government announced its national currency, the birr, by 15% effective Wednesday, October 11, 2017, the National Bank of Ethiopia…
Read MoreConsensus reached on actions for sustainable industrialization in Central Africa
The 33rd meeting of the Intergovernmental Committee of Experts for Central Africa (ICE2017) has ended in Douala with calls for…
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Zimbabwe secures $600 million loan
The African Export-Import Bank (Afreximbank) yesterday entered into a memorandum of understanding (MOU) to provide a $600-million line of credit…
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Agriculture is future of Africa, says Nigerian billionaire
Nigerian business leader Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.”
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