Source: United Nations Capital Development Fund (UNCDF) |

Local Development for Peace Consolidation (DELPAZ) programme supports families and communities to consolidate peace and to implement the Maputo Agreement for Peace and National Reconciliation

DELPAZ contributes to a more equitable social and economic development across the country by developing investment activities in economic infrastructure

In 2019, the Maputo Accord for Peace and National Reconciliation was signed by President Filipe Jacinto Nyusi and Renamo opposition leader Ossufo Momade, formally putting an end to decades of conflict and insecurity. At its core is a special program to promote local development and socio-economic rehabilitation. Known as DELPAZ…

Source: The World Bank Group |

Middle East and North Africa (MENA) Economies Grow by 5.5% But Benefits are Uneven

The report says that responsive governance will help countries confront these challenges more effectively now and cement the foundations for long term growth

The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by a slowing of growth to 3.5% in 2023. Yet this growth is uneven across the region, as countries, still struggling to overcome the lasting effects…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2022 Article IV Mission to Namibia

An International Monetary Fund (IMF) staff team, led by Ms. Giorgia Albertin, IMF mission chief for Namibia, held a virtual mission during September 20 ‒ October 5, 2022, to conduct the 2022 Article IV Consultation discussions with Namibia

After a sharp contraction due to the COVID-19 pandemic, the Namibian economy has started to recover. Real GDP growth is expected at 3 percent in 2022 and 3.2 percent in 2023; preserving macroeconomic stability, advancing structural reforms and protecting the most vulnerable is key to foster private sector-led inclusive growth…

Webb Fontaine
Source: Webb Fontaine |

Egypt’s Customs Automation Shows Growth Lies in the Speed of Exports and Imports (By Mazen Abualghanam)

Some experts put the economic growth driven by digital transformation in Africa at US$180 billion, and if trends continue it could rise to US$712 billion by 2025

By Mazen Abualghanam, Projects Manager at Webb Fontaine (www.WebbFontaine.com) In any business, speed is a factor. Whether a business is a large corporation or a small to medium enterprise (SME), its profits, consumer satisfaction and its ability to grow are tied to how quickly its operations can be carried out. Enterprise…

Africa Trade Desk
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    • The Canada-Africa Chamber of Business Welcomes Africa Trade Desk as a Full Member (1)
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    • The Canada-Africa Chamber of Business Welcomes Africa Trade Desk as a Full Member (3)
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Source: Africa Trade Desk |

The Canada-Africa Chamber of Business Welcomes Africa Trade Desk as a Full Member

Africa Trade Desk is a one-stop boutique consulting firm for Canadian and international companies, investors, and entrepreneurs that want to do business in Africa and vice versa

Africa Trade Desk (www.AfricaTradeDesk.com) is the latest member to join the Canada Africa Chamber of Business. Africa Trade Desk is a one-stop boutique consulting firm for Canadian and international companies, investors, and entrepreneurs that want to do business in Africa and vice versa. They believe that diversified trade is the…

Source: The World Bank Group |

African Governments Urgently Need to Restore Macro-Economic Stability and Protect the Poor in a Context of Slow Growth, High Inflation

Elevated food prices are causing hardships with severe consequences in one of the world’s most food-insecure regions

Global headwinds are slowing Africa’s economic growth as countries continue to contend with rising inflation, hindering progress on poverty reduction. The risk of stagflation comes at a time when high interest rates and debt are forcing African governments to make difficult choices as they try to protect people’s jobs, purchasing…

Source: U.S. Agency for International Development (USAID) |

United States Agency for International Development (USAID) and the Federal Trade Commission Launch Trust and Competition in Digital Economies Initiative to Promote Consumer Protection and Competition in Africa’s Digital Economy

This initiative advances USAID priorities outlined in the USAID Digital Strategy to strengthen inclusive, open, and secure digital ecosystems in countries where USAID works

USAID announced it will partner with the Federal Trade Commission (FTC) to launch a new initiative that will help protect consumers and increase competition in countries across Africa. This initiative will strengthen legal and regulatory frameworks and the institutional capacity to ensure that the benefits of the digital economy are…

Agility
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    • Egypt Taps Agility to Modernize Suez Canal Economic Zone Customs, Operations
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Source: Agility |

Egypt Taps Agility to Modernize Suez Canal Economic Zone Customs, Operations

The agreement with Agility was signed during the Egyptian-Kuwaiti Economic Forum in the presence of Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone (SCZONE), and Tarek Sultan, Vice Chairman of Agility

Deal announced during Egyptian – Kuwaiti Economic Forum; Suez Canal Economic Zone signs contract with Agility (www.Agility.com) to develop and operate customs solution; Agility to invest USD 60 million to establish logistics and customs center to serve businesses covering 100,000 SQM in Ein Sokhna and East Port Said; SCZONE Chairman Walid…

African Development Bank Group (AfDB)
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    • The African Development Bank had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York
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Source: African Development Bank Group (AfDB) |

77th United Nations General Assembly meetings stress key African Development Bank priorities: climate finance, job creation, and food insecurity

African Development Bank Group President Dr Akinwumi Adesina led the bank’s delegation to the meetings

The African Development Bank (www.AfDB.org) had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York. Meeting highlights included an urgent call for increased financing to mitigate the effects of climate change and food insecurity. African Development Bank Group…

Source: The African Union – Interafrican Bureau for Animal Resources (AU-IBAR) |

First Steering and Technical Committee Meetings of the Conserving Aquatic Biodiversity Project Held

The meeting discussed many topical issues, key of which was IUU as a critical challenge in African Union Member States

The African Union InterAfrican Bureau for Animal Resources held its first Steering Committee of the Conserving Aquatic Biodiversity Project on 22-23 September 2022 in Mombasa, Kenya. In attendance was the Swedish Embassy to the African Union; Hon Representatives of Governments of Egypt, Gabon, Cote D'Ivoire, and the representative of the…