African Development Bank Group
Source: African Development Bank Group |

An emotional tribute in memory of former AfDB President Babacar Ndiaye

Babacar Ndiaye, the Bank Group's fifth elected President, who served two terms between 1985 and 1995, passed away on July 13, 2017 in Senegal

"Goodbye, Papa, farewell to the ambassador for Africa's development, rest in peace." In an intensely emotional tribute, the President of the African Development Bank (AfDB) (www.AfDB.org), Adesina Akinwumi, opened a ceremony honouring Babacar Ndiaye at the organisation's headquarters in Abidjan. Photo album:  http://APO.af/LQgqUF Watch the tribute video: http://APO.af/AuYy5N  (French) Adesina announced…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Mission to Review Progress of Madagascar’s Economic Program

Performance under the ECF-supported program remains strong

Economic growth is projected at 4.1 percent in 2017. Performance under the ECF-supported program remains strong. Prudent monetary policy has helped to contain inflation. A team from the International Monetary Fund (IMF) led by Marshall Mills, Mission Chief for Madagascar, visited Antananarivo from September 7–21, 2017 to hold discussions on…

Dr. Hage Geingob, President of Namibia
Source: Dr. Hage Geingob, President of Namibia |

“Africa’s best-kept secret is Namibia. I personally welcome you.”

By Dr. Hage Geingob, President of Namibia

Many African nations aspire to attract foreign investment and hope to create environments to facilitate the flow of people and capital. Namibia has the great advantage of being one of the most attractive destinations for investors and offering stability, social justice, a government focused on good governance and transparency, gender…

APO Group - Africa Newsroom
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Source: APO Group - Africa Newsroom |

Aliko Dangote at UN General Assembly in New York: “Africa will become the food basket of the world”

From APO Group correspondent at UN General Assembly in New York

Nigerian business leader Aliko Dangote told investors "Agriculture, agriculture, agriculture. Africa will become the food basket of the world." In a packed room at the headquarters of global law firm Shearman and Sterling LLC  high level business leaders and international diplomats invited by the Corporate Council for Africa to hear…

Discovery Limited
Source: Discovery Limited |

South Africa’s Discovery sets ambition to make 10 million people healthier by 2018, leveraging a new category of Shared-Value Insurance

Announcing its annual results out of Johannesburg Monday morning, financial services group Discovery outlined the growth in scale and impact of its Vitality Shared-Value Insurance model

Announcing its annual results out of Johannesburg this morning, financial services group Discovery (www.Discovery.co.za) (JSE share code: DSY ISIN: ZAE000022331), outlined the growth in scale and impact of its Vitality Shared-Value Insurance model (http://SharedValueInsurance.com). Since launching Vitality twenty years ago, Discovery has invested considerably in building a platform that serves…

Source: International Conference on Tax in Africa (ICTA) |

Africa discusses stronger tax regimes in Abuja

The Third International Conference on Tax in Africa (ICTA) from 26 to 29 September in Abuja

The 3rd International Conference on Tax in Africa (ICTA) planned for later this month in AbujaNigeria, will be opened by His Excellency The Vice President of Nigeria, Prof. Yemi Osinbajo, SAN, GCON. The flagship conference of the African Tax Administration Forum, has its theme as: “Building Strong Domestic Tax Regimes…

Societe Generale
Source: Societe Generale |

Societe Generale launches YUP, a new alternative to the traditional banking model in Africa

Deployed in Ivory Coast and Senegal, YUP already has more than 30,000 open wallets and nearly 600 agents

Launch complete in Ivory Coast and Senegal Launch planned by the end of 2017 in Ghana and in Cameroon, Burkina Faso, Togo and Guinea in 2018 Target: to open one million wallets in the next three years, to double Societe Generale's individual customer base in sub-Saharan Africa and create a…

Sage
Source: Sage |

Remain compliant with Nigeria’s fast-moving regulatory environment: Automate your payroll

By Magnus Nmonwu (http://APO.af/Ik3wAK), Regional Director for Sage (www.Sage.com/africa) in West Africa

Many business managers and entrepreneurs think of running the payroll as a simple matter—what could be hard about paying your employees the right amount of money on payday and giving them a payslip? But the Nigerian regulatory environment is becoming more complex and the payroll is at the centre of…

Source: European Investment Bank (EIB) |

EIB conference in Egypt calls for private sector to lead new push for investments in the Mediterranean region

The EU bank provided finance of EUR 1070.6 million in 2016 to support private sector development in the southern Mediterranean region

The drive for jobs and growth in the Mediterranean region should be led by the private sector. This was the call today, as the European Investment Bank (EIB) held an international conference in Cairo dedicated to “Boosting investments in the Mediterranean region”, in partnership with the Ministry of International Cooperation…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2017 Article IV Consultation with the Kingdom of Swaziland

On September 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Kingdom of Swaziland. Since the 2010 fiscal crisis, Swaziland has experienced a period of macroeconomic stability and recovery. A rebound in South African Customs Union (SACU) revenues, expansionary policies…