Source: The World Bank Group |

Launch of the 12th Tanzania Economic Update

The event will be hosted by Ms Bella Bird, World Bank Country Director for Tanzania, Malawi, Somalia and Burundi

The World Bank cordially invites accredited Members of the Media to cover the breakfast launch of the 12th Tanzania Economic Update: “Human Capital: The Real Wealth of Nations.” The event will be hosted by Ms Bella Bird, World Bank Country Director for Tanzania, Malawi, Somalia and Burundi, and will be…

Source: International Monetary Fund (IMF) |

IMF Executive Board Approves a new Policy Coordination Instrument with Cabo Verde

On July 15, 2019, the Executive Board of the International Monetary Fund (IMF) approved a new Eighteen-Month Policy Coordination Instrument (PCI) with Cabo Verde

A newly-approved eighteen-month Policy Coordination Instrument will build on Cabo Verde’s reform program under the Strategic Plan for Sustainable Development; It aims to bolster macroeconomic stability and encourage structural reforms; Cabo Verde’s macroeconomic situation has improved significantly in recent years and the medium-term outlook is positive. On July 15, 2019,…

Source: Africa Oil Week |

South African Energy Minister: Stable, predictable policy and regulatory framework must be created

En annonçant l’allocation d’un budget de 7,44 milliards de rands au secteur de l’énergie, le ministre a fait remarquer que le secteur, en déclinant de 6,9%, avait contribué négativement

A stable, predictable policy and regulatory framework must be created that will lead to investment and growth in South Africa’s energy sector, says the country’s Mineral Resources and Energy Minister, Gwede Mantashe. Minister Mantashe was delivering his first energy budget speech in Parliament since the merging of his mineral resources…

GTBank
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    • Segun Agbaje, CEO GTBank receiving the awards for Africa’s Best Bank and Nigeria’s Best Bank at the Euromoney Awards held at the London Hilton Hotel, Park Lane on Wednesday, 10th July, 2019
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Source: GTBank |

GTBank Named Best Bank in Africa at Euromoney Awards

…Also emerges Best Bank in Nigeria for a record 9th time

Foremost African financial institution Guaranty Trust Bank plc (https://www.GTBank.com/) has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London on Wednesday, July 10, 2019 at the London Hilton Hotel, Park Lane. GTBank was also named the Best Bank in…

flydubai
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    • flydubai 2019
    • flydubai Entebbe 2014
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    • Hargesa 2015
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    • Number of Boeing 737s (in blue) in the flydubai fleet and number of destinations (in orange) of the flydubai network at the end of the year (2019) (Statistics for Africa)
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Source: flydubai |

flydubai celebrates 10 years of bringing people together

flydubai passenger traffic between the UAE and its African routes grew by 108% since 2015

The Dubai-based carrier celebrates carrying more than 70 million passengers since its start of operations in 2009, more than five million of which were carried on its African routes; flydubai (https://www.flydubai.com) passenger traffic between the UAE and its African routes grew by 108% since 2015. 10 years ago, flydubai’s first…

Source: The World Bank Group |

World Bank Group Debars Universal for General Construction and Trading Company

The debarment makes Universal ineligible to participate in World Bank-financed projects

The World Bank today announced the 15-month debarment of Universal for General Construction and Trading Company (Universal), a company based in the Republic of South Sudan that provides general trade and import-export services, in connection with fraud during the Uganda Teacher and School Effectiveness Project. The debarment makes Universal ineligible…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2019: Nigeria expected to be major player

The African Development Bank’s innovative investment marketplace set up to accelerate investment into the continent, will convene for its second meeting from 11-13 November

Nigeria will feature significantly in the 2019 Africa Investment Forum scheduled to take place in Johannesburg, South Africa this November, business leaders and government heard at a roadshow event held in the capital Abuja. Following the hugely successful inaugural edition held last year, the African Development Bank’s innovative investment marketplace…

Source: The World Bank Group |

World Bank Group Announces Settlement with SYSTRA and SAI Consulting Engineering Ltd

The settlement agreement is between the World Bank and both SAI and SYSTRA, a France-based international engineering and consulting group that acquired 65 percent of SAI in 2014

The World Bank today announced the 24-month sanction of India-based SAI Consulting Engineering Ltd (SAI) in connection with corrupt practices during the company’s participation in three projects in Africa: East Africa Trade & Transport Facilitation Project, Mozambique Roads and Bridges Management and Maintenance Project, and the Ghana Transport Sector Project. SAI was sanctioned…

Source: United Nations Economic Commission for Africa (ECA) |

Central Statistics Office (CSO) engagement mechanism under spotlight at high-level political forum

The meeting emphasized the need for an open, inclusive and transparent processes towards the institutionalisation of the engagement mechanism

With the meeting of the high-level political forum (HLPF) on sustainable development now underway in New York, Africa is galvanising its position and speaking with one voice on the need to mobilizing adequate, predictable and additional financial resources to accelerate the implementation of the sustainable development goals in Africa To…

Source: African Development Bank Group (AfDB) |

“Join Africa50 to lay the foundations for a more prosperous Africa,” African Development Bank urges

Africa50 is an innovative fund for developing and financing African infrastructure

African governments must explore innovative technologies to drive transformation on the continent, board members at Africa50’s General Shareholders Meeting, held in Kigali heard on Wednesday. Prime Minister of Rwanda Edouard Ngirente made the call at the opening of the shareholders meeting. “Let’s explore these digital opportunities to move our continent…