Inflation soars to over 130% in Zimbabwe
Inflation soared to 131.7 percent in Zimbabwe in May, as the Russian-Ukraine war in Ukraine has worsened an already battered economy, the national statistics office […]
Finance
Ghana: Opening of the Annual Meetings of the African Development Bank
The Annual Meetings of the African Development Bank (AfDB) officially open this Tuesday, May 24, in Accra, Ghana. Resumed, in part, in person, after two […]
IMF board approves $456 million program for Mozambique
The International Monetary Fund on Tuesday granted a $456 million (€432 million) loan to Mozambique, the first since it withdrew six years ago at the […]
The World Bank wants to release $170 billion to curb the world’s crises
World Bank President David Malpass announced Monday that he is preparing a $170 billion aid package over 15 months to help countries deal with multiple […]
Beninese President Patrice Talon takes the helm of WAEMU
Patrice Talon is the new current president of the West African Economic and Monetary Union (WAEMU). The Beninese head of state was appointed by his […]
AfDB Pledges to Earmark $2.8 Billion for South Africa over Five Years
The President of the African Development Bank (AfDB) Group, Akinwumi A. Adesina, announced, Thursday in Johannesburg, 2.8 billion dollars support to South Africa over the […]
ECOWAS, AfDB Sign MoU to Support Pharmaceutical Industry
The Economic Community of West African States (ECOWAS) Commission has signed a memorandum of understanding with the African Development Bank (AfDB) on a project to […]
ECOWAS launches North Backbone electricity project
The Regional Electricity Interconnection Project called “North Backbone Project” which involves Nigeria, Niger, Burkina Faso, Benin and Togo was launched this week in Gorou Banda, […]
Morocco to adopt emergency measures to cope with the impact of drought
King Mohammed VI has ordered the Government to adopt a set of emergency measures to cope with the impact of the drought affecting farmers, the […]
Cooperation: Denmark suspends aid to Burkina Faso and Mali
Denmark announces that it will partially suspend its development aid to Burkina Faso due to the military coup and to Mali after the forced departure […]