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The World Bank Group
Source: The World Bank Group |

Egypt: World Bank Group Launches New Partnership Framework to Support Green, Resilient, and Inclusive Development

The new CPF aligns with the Government of Egypt’s Sustainable Development Strategy (SDS), “Egypt Vision 2030,” and the National Climate Change Strategy (NCCS) 2050

The World Bank Group Board of Executive Directors yesterday approved a new Country Partnership Framework (CPF) for Egypt, laying out the World Bank Group’s strategy in the country for FY2023–2027.  The new CPF aligns with the Government of Egypt’s Sustainable Development Strategy (SDS), “Egypt Vision 2030,” and the National Climate Change…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

South Africa: Staff Concluding Statement of the 2023 Article IV Mission

More reforms are needed to address South Africa’s long-standing structural impediments to growth

An International Monetary Fund (IMF) team led by Papa N’Diaye visited South Africa on March 1-17 to hold meetings with the economic authorities and other counterparts from the public and private sectors for the 2023 Article IV annual consultation. Discussions focused on policies to ensure macro-financial stability and the far-reaching…

President of the Republic of Kenya

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    • Kenya: We will provide a conducive environment for investment
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Source: President of the Republic of Kenya |

Kenya: We will provide a conducive environment for investment

President William Ruto said a more impartial and transparent regulatory framework will help inspire investor confidence

The Government will provide a sound and predictable investor environment in the country. President William Ruto said a more impartial and transparent regulatory framework will help inspire investor confidence. He said he will not compromise in his quest to maintaining a standard of management and governance that will stimulate capital…

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

World Water Day 2023: Accelerating Change in solving Africa’s Water and Sanitation Crises

Vice President Dr Beth Dunford’s Statement

Water is an essential resource with direct impact on Africa’s economic potential: inadequate access to safe water, sanitation and hygiene services reduces economic opportunities. One in three Africans are affected by water scarcity. According to the 2022 WHO/UNICEF JMP report [1], 411 million people in Africa still lack basic drinking…

State House – Office of the President of the Republic of Seychelles
Source: State House – Office of the President of the Republic of Seychelles |

President Ramkalawan received the Chief of Mission for the International Monetary Fund at State House

During the meeting, the President was briefed on the IMF Mission, where Mr. Ahokpossi expounded on the programmes

The President of the Republic, Mr Wavel Ramkalawan welcomed the Chief of Mission for the International Monetary Fund (IMF), Mr. Calixte Ahokpossi for a courtesy call at State House, yesterday morning. Mr. Ahokpossi, and his delegation are in Seychelles at the request of the Seychelles Government to negotiate a new…

State House – Office of the President of the Republic of Seychelles
Source: State House – Office of the President of the Republic of Seychelles |

Seychelles: The President received a courtesy call from the World Bank Country Director

Mrs. Pswarayi-Riddihough briefed the President on her mission here in Seychelles and the interactions she had so far with the Seychellois authorities

President Wavel Ramkalawan received the World Bank Country Director, Mrs. Idah Pswarayi-Riddihough for a courtesy call at State House yesterday morning. She was accompanied by the Minister for Finance, National Planning and Trade, Naadir Hassan; Governor of the Central Bank, Caroline Abel; and the Acting country representative, Ms. Brinda Dabysing. The President…

Parliament of the Republic of Uganda
Source: Parliament of the Republic of Uganda |

Uganda: Government seeks Shs1.3 billion for Mogadishu, New York Missions

Nyendowha said Uganda’s Embassy in Mogadishu was experiencing constant attacks by the Al-Shabaab causing damage to the mission property

The Ministry of Foreign Affairs is seeking Parliament’s approval of a supplementary budget of Shs1.3 billion to enhance security of the Uganda Embassy in Mogadishu and the maintenance of Uganda House in New York. The Ministry’s request was presented to the Budget Committee by the Chairperson of the  Foreign Affairs…

African Union Commission (AUC)

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    • Global leaders say Africa can achieve water security by 2030, present three pathways supported by action plan
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Source: African Union Commission (AUC) |

Global leaders say Africa can achieve water security by 2030, present three pathways supported by action plan

The three proposed pathways outline how to unlock and scale an unprecedented pipeline of investable water projects through greater risk sharing between public and private finance

Achieving water security and sustainable sanitation for all in Africa is possible by 2030 and is within the power of African leaders. Download document 1: https://apo-opa.info/3yWTIYR Download document 2: https://apo-opa.info/42nQQBM This is the key message from the International High-Level Panel on Water Investments for Africa, which released a landmark report, Africa’s Rising…

Western Union Holdings, Inc.
Source: Western Union Holdings, Inc. |

Index Launch: Remittances Play a Powerful Role in Consumers’ Financial Planning

As global populations navigate macroeconomic headwinds, consumers expect remittances to play an even stronger role in their current and future financial planning

Inaugural Global Money Transfer Index surveys 30,600 consumers in 20 countries across the Middle East, Africa and Asia Pacific; Index voices consumers’ international money transfer preferences for today and tomorrow as they navigate global headwinds. As global populations navigate macroeconomic headwinds, consumers expect remittances to play an even stronger role in…

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

Africa must urgently invest in economic recovery, Finance Ministers urge

Africa needs to invest approximately $66 billion in its health systems and health infrastructure

Africa should deploy innovative resource mobilization and accelerate economic recovery from multiple crises which have eroded two decades of development gains and increased poverty, Ministers of Finance have urged. In a Ministerial Statement adopted at the 55th session of the Conference of African Ministers of Finance, Planning and Economic Development,…