African Energy Week (AEW)
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    • Libya’s Oil and Gas Minister Mohamed Aoun to Lead E&P Dialogue During African Energy Week (AEW) 2023
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Source: African Energy Week (AEW) |

Libya’s Oil and Gas Minister Mohamed Aoun to Lead E&P Dialogue During African Energy Week (AEW) 2023

H.E. Mohamed Aoun and the Ministry will facilitate robust discourse centered on Libya's oil and gas potential, the current progress of regulatory reforms, and its strategic significance in the global energy landscape

Following several disruptions to oil and gas activity in recent years, Libya’s energy sector is on the cusp of a transformation with new fields being brought online, production accelerating across key assets and upstream campaigns unlocking new finds in untapped acreage. As the market grows, investment opportunities are increasing, and…

African Development Bank Group (AfDB)
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    • The Bank's delegation met Djibouti's Minister of Finance and Economy in charge of Industry and Governor of the Bank for Djibouti, Ilyas Moussa Dawaleh (center) as part of the launch of the integrated urban infrastructure study project and dialogue on the ADRiFi Programme.
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Source: African Development Bank Group (AfDB) |

Djibouti: African Development Bank launches study on urban infrastructure and climate adaptation

The study will lead to a roadmap for improving access to resilient urban infrastructure and basic services

The African Development Bank (www.AfDB.org) last month launched the Integrated Urban Infrastructure and Climate Adaptation Study Project in Djibouti city in Djibouti. The study will lead to a roadmap for improving access to resilient urban infrastructure and basic services. It also entails building institutional capacity for inclusive and participatory urban…

Source: The Presidency, Republic of Ghana |

Ghana is Back on Track with Investment Opportunities - Bawumia Woos Foreign Investors

Dr Bawumia noted that the government is relentlessly re-focusing on economic growth and working hard to regain the trajectory Ghana was on and get back to pre-Covid growth numbers

Vice President Dr. Mahamudu Bawumia says Ghana's economic opportunities for private sector investors are back on track as the country is navigating its way out of the global economic meltdown. Dr Bawumia noted that the government is relentlessly re-focusing on economic growth and working hard to regain the trajectory Ghana was…

Source: The World Bank Group |

World Bank Provides €113.6 Million to Improve Wastewater Management Services in Tunisia through Public-Private Partnership (PPP) Contracts

In many regions in Tunisia, access to water supply and sanitation services remains a challenge

The Tunisian government and the World Bank signed a €113.6 million loan agreement on June 2. The funds will be allocated to the Tunisia Sanitation Public-Private Partnership (PPP) Support project, which aims to improve the quality of wastewater management services in specific regions of the country. The primary objective of…

Source: The World Bank Group |

Kenya’s Economy is Recovering from the Polycrisis, But Challenges Remain

The growth momentum was driven by the service sector which contributed about 80 percent of the increase in total GDP

With a GDP growth at 4.8 percent in 2022, economic performance softened after the strong rebound from the COVID-19 crisis at 7.5 percent in 2021. The growth rate, however, has remained in line with Kenya’s long-term growth trajectory, even though the economy faced challenging global financial conditions, fuel, and food…

Source: The World Bank Group |

Libya's Economy Shows Resilience and Potential for Prosperity Amid Challenges

Libya's challenging transition process has been affecting the economy and society

Libya's economy shows resilience despite facing low and volatile economic growth. The World Bank estimates a 1.2 percent contraction in Libya's economy for 2022, primarily attributed to a decline in oil production during the first quarter of the year. High unemployment rates of 19.6 percent persist, with over 85 percent…

Source: Economic Community of West African States (ECOWAS) |

Stability in the Region: Economic Community of West African States (ECOWAS) meets with a Delegation of Civil Society and Political Parties from Guinea

The delegation briefed the President of the Commission on the recent developments in Guinea and called for ECOWAS continued support for a successful transition

H.E. Dr. Omar Alieu Touray, the President of the ECOWAS Commission met today, June 6, 2023 in Abuja, Nigeria with a delegation of Civil Society and Political Parties led by Hon. Dr. Ibrahima Sory Diallo, Coordinator of the Convergence and President of the Coalition ADC-BLOC (Bloc de l’opposition constructive). The…

Source: The World Bank Group |

Global Economy on Precarious Footing Amid High Interest Rates

Global growth to slow to 2.1% in 2023, with prospects clouded by financial risks

Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. In EMDEs…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2023 Article IV Consultation with South Africa

South Africa’s economy is facing mounting economic and social challenges

On May 22, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with South Africa. South Africa’s economy is facing mounting economic and social challenges. Growth moderated from 4.9 percent in 2021 to 2.0 percent in 2022 as the country was buffeted by Russia’s war in…

Source: The World Bank Group |

The Gambia's Economy Shows Resilience Amid Global Challenges

Looking ahead, the economic outlook for The Gambia remains favorable, with GDP projected to grow by 5.5 % over the period of 2023-2025

The Gambia's economy has displayed remarkable resilience in the face of global economic challenges, according to the Third Gambia Economic Update. Despite a sluggish global environment, the country's real GDP grew by 4.3 % in 2022, signaling a continued recovery from the impact of the COVID-19 pandemic. "We are pleased…