Source: International Monetary Fund (IMF) |

The International Monetary and Financial Committee Selects South African Reserve Bank Governor Lesetja Kganyago as New Chairman

Mr. Kganyago has been the Governor of the South African Reserve Bank since November 2014

The members of the International Monetary and Financial Committee (IMFC), the policy advisory committee of the Board of Governors of the International Monetary Fund (IMF), have selected Mr. Lesetja Kganyago, Governor of the South African Reserve Bank, as Chairman of the Committee for a term of three years, effective January…

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

United Nations report on world economic situation launched in Ethiopia

Africa as a whole is expected to see a recovery in GDP growth from its current 3.0% to 3.5% in 2018, and 3.7% in 2019

The 2018 edition of the World Economic Situation and Prospects report (WESP2018) was launched in Addis Ababa on 16 January under the auspices of the Macroeconomic Policy Division (MPD) of the United Nations Economic Commission for Africa (ECA). WESP, which is a UN flagship publication on expected trends in global…

API Events
Source: API Events |

Analysts Predict Bullish Future for Nigeria’s Real Estate Investment Trust (REITs) Market

Nigerian REITs market is underdeveloped with only three established and with a combined market capitalisation of $151 million, or 0.36% of the local stock market

The globally recognised real estate-focused West African Property Investment (WAPI) Summit (www.WAPIsummit.com) which recently took place between the 28th and 29th of November 2017 provided delegates with insight into a real estate sector that is set to rebound strongly in 2018. During the summit, two of the continent’s foremost real…

Source: African Development Bank Group (AfDB) |

2018 African Economic Outlook: African Development Bank makes a compelling case for Africa’s industrialization

The Bank would organise the Africa Investment Forum on November 7-8, 2018 in Johannesburg, South Africa, to mobilise funds for infrastructure development, to bridge an estimated funding gap of $130-$170 billion a year

The President of the African Development Bank (www.AfDB.org), Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth. Citing data from the Bank’s 2018 African Economic Outlook (http://APO.af/GHTmei) launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said…

Source: Office of the Vice President of Nigeria |

How Federal Government, AfDB are Working Together to Reduce Poverty, Create Jobs and Overcome Fallouts of Insurgency – VP Osinbajo

Address by His Excellency, Prof Yemi Osinbajo, SAN, The Vice President, Federal Republic of Nigeria at The Commissioning of the AfDB Nigeria Country Office, Abuja on Thursday, 18th January, 2018

ADDRESS BY HIS EXCELLENCY, PROF YEMI OSINBAJO, SAN, THE VICE PRESIDENT, FEDERAL REPUBLIC OF NIGERIA AT THE COMMISSIONING OF THE AfDB NIGERIA COUNTRY OFFICE, ABUJA ON THURSDAY, 18TH JANUARY, 2018: Excerpt: “While Africa has made significant strides in economic growth and in poverty reduction, much remains to be done. The…

Source: International Monetary Fund (IMF) |

The International Monetary Fund Executive Board Concludes 2017 Article IV Consultation with the Federal Democratic Republic of Ethiopia

Growth is expected to stay high in 2017/18, at 8.5 percent, supported by continued recovery from droughts and export expansion as new manufacturing facilities and infrastructure come online

On January 12, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with the Federal Democratic Republic of Ethiopia. Ethiopia has recorded annual average GDP growth of about ten percent in the last decade, driven by public investments in agriculture and infrastructure. The poverty…

Source: United Kingdom Foreign and Commonwealth Office |

Statement by Ambassador Jonathan Allen, Chargé d’Affaires, on the political situation in Libya and its impact on the Libyan people

Statement by Ambassador Jonathan Allen, Chargé d’Affaires, on the political situation in Libya and its impact on the Libyan people: Delivered on: 17 January 2018 (Transcript of the speech, exactly as it was delivered) Thank you Mr President. And may I thank both Ghassan and Rina for your briefings here today. And a…

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

The 2018 African Economic Outlook will be launched today

The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, rigorous, and comparative analysis

The launch of the African Development Bank’s (www.AfDB.org) 2018 flagship African Economic Outlook (AEO) report, the first to ever be released in January of a calendar year and at the Bank’s Headquarters in Abidjan will be streamed live as follows – English: http://APO.af/pDeGXQ The African Economic Outlook bridges a critical…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

New ITFC Agreement of US$210 Million for key sectors to support economic growth and job creation in The Gambia

The agreement is to support key economic sectors, including energy, through the importation of refined petroleum products, and agriculture

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, signs a US$210 million Framework Agreement with Government of The Gambia for financing over a  3 year period. The signing ceremony took place in Banjul on 16th January 2018,  during the official visit…

Source: The Department of Trade and Industry, South Africa |

South Africa - The dti invites Black Industrialists to participate in trade mission to Mozambique

The programme is aimed at promoting industrialisation, sustainable economic growth and transformation through the financial and non-financial support of black-owned entities in the manufacturing sector

The Department of Trade and Industry (the dti) invites Black Industrialists to apply for participation in the Trade Mission to Mozambique that will take place from 5-9 March 2018. The mission to Mozambique is part of the implementation of the Black Industrialists Programme. The programme is aimed at promoting industrialisation,…