Source: European Investment Bank (EIB) |

European Investment Bank (EIB) and International Monetary Fund (IMF) join forces to build capacity on financial inclusion and stability in Africa

The EIB will contribute with EUR 3m to IMF economic institutions, namely the African Regional Capacity Development Centers (AFRITACs) and the Financial Sector Stability Fund (FSSF)

EIB and IMF establish a new Capacity Development Partnership to promote financial inclusion and stability in Africa EIB will support IMF capacity development activities with EUR 3m until the end of 2020 EIB and IMF to launch online course on financial intermediation and inclusion Today, the European Investment Bank (EIB),…

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

Review process underway for book on African Continental Free Trade Agreement (AfCFTA)

The book is expected to serve as a valuable resource for future negotiators, academics, researchers, and policy makers, and enhance a greater understanding of how the Agreement came about

A two-day workshop to review draft chapters of a book that documents the evolution of the African Continental Free Trade Agreement (AfCFTA) kicked off on Wednesday, 18 April 2018, at the United Nations Conference Centre in Addis Ababa, Ethiopia. The workshop is organized by the African Trade Policy Centre (ATPC)…

Ecobank
Source: Ecobank |

Anglophone West Africa’s brightening economic prospects

Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong

The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s (www.Ecobank.com) research team in the newly published Anglophone West Africa section of its flagship financial website, AfricaFICC (https://goo.gl/CduKLQ). Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong,…

GE
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Source: GE |

GE supports Ghana’s digitization drive; hosts Vice President in Silicon Valley

The VP’s focus with this project is to accelerate the digitization of the Ghanaian economy and move Ghana beyond aid dependence

GE (NYSE: GE) (www.GE.com), the world’s premier Digital Industrial Company, recently joined a delegation to Silicon Valley led by Ghana’s Vice President, Dr. Mahamudu Bawumia, who is currently spearheading the country’s digital transformation project. The VP’s focus with this project is to accelerate the digitization of the Ghanaian economy and move…

Source: Food and Agriculture Organization (FAO) |

World Food Programme (WFP) - Food and Agriculture Organization of the United Nations (FAO) launch innovative German-funded project to support peace and rebuild lives in post-conflict areas of eastern DR Congo

The program will also aim at strengthening stabilization in these post-conflict areas

The United Nations World Food Programme (WFP) and the Food and Agriculture Organization of the United Nations (FAO) are launching an innovative joint project to rebuild livelihoods shattered by conflict in eastern Democratic Republic of Congo (DRC), by empowering women, supporting farmers and helping build peace between communities – all…

Source: European Investment Bank (EIB) |

European Investment Bank and African Development Bank to support private sector investment in Nigeria with Development Bank of Nigeria backing

The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from the African Development Bank

The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside…

Source: Republic of South Africa: The Presidency |

President Cyril Ramaphosa Assures Investors South Africa is Creating an Enabling Environment for Investment

Government is initiating measures to set the economy on a new path of growth, employment and transformation

President Cyril Ramaphosa told investors and business leaders that South Africa is on the road to economic recovery as government is creating an enabling environment to boost investor confidence. President Ramaphosa spoke in various engagements in London yesterday, Wednesday, 18 April 2018, including the Commonwealth Business Forum’s African Leaders’ Roundtable,…

Source: Office of the UN High Commissioner for Human Rights (OHCHR) |

Ghana must prioritise social protection to achieve Sustainable Development Goals, says United Nations poverty expert

The most recent official data from the Ghana Statistical Service for 2012-2013 revealed that almost one-quarter of the population were living in poverty and one person in every 12 in extreme poverty

A UN human rights expert has commended Ghana as a champion of African democracy and a country which has achieved some important development milestones. But says unless growing inequality and continuing high poverty rates are addressed the country will fall far short of meeting the key UN Sustainable Development Goals,…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Deputy Managing Director Tao Zhang on Angola

Statement by International Monetary Fund (IMF) Deputy Managing Director Tao Zhang on Angola:  Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today: “We have received a letter from the Angolan authorities for IMF staff to initiate discussions on an economic program that…

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

South Africa film and television industry continues to attract foreign direct investment

The Chief Executive Officer of the Cape Town Film studios, Mr Nico Dekker said since December 2010 the direct investment and economic impact of productions hosted by the studios led to 47 044 jobs being created and the South African production expenditure amounted to R2 billion in the same period

The South African Film and Television Industry continues to attract Foreign Direct Investment from Hollywood’s major studios and creating employment for the services sector despite the economic challenges that South Africa experiences. This was said by the Acting Chairperson of the Portfolio Committee on Trade and Industry, Mr Adrian Williams…