IMF lauds Morocco’s efforts to expand social welfare, contain Covid-19 crisis
The head of the IMF mission, in charge of Morocco, Roberto Cardarelli, who presented at a news conference the conclusions of his consultations with Moroccan […]
Finance
World Bank: Forty million Africans are at risk of falling into extreme poverty because of the Covid-19 pandemic
Leaden by the economic fallout from the Covid-19 pandemic, growth in Sub-Saharan Africa is expected to drop to -3.3% in 2020, leading the region into […]
German KfW supports Morocco’s rural drinking water program with €30 Mln Loan
German Development Bank (KfW) has lent to Morocco’s National Office of Electricity & Drinking Water (ONEE) €30 million for drinking water projects in the rural […]
Nigeria: the Lagos Stock Exchange records its best performance in the last fifteen years despite the severe recession
It’s Christmas ahead of time at the Lagos Stock Exchange in Nigeria. On Tuesday, October 6, the index of the thirty largest stocks jumped by […]
IMF approved new emergency assistance for 28 countries, of which 22 are in Africa
The IMF continues to stand by the poorest in this time of global crisis. On October 5, the Fund approved new emergency assistance for 28 […]
WHO, Qatar Fund for Development sign new agreement to meet health needs in Sudan
The World Health Organization received a donation of $1 million from the Qatar Fund for Development to support its ongoing work in Sudan for a […]
Ghana: Country’s economy fell by 3% due to Covid 19
It is a sad first in 37 years: Ghana’s economy fell by 3% in the second quarter of 2020, hard hit by the restrictive measures […]
AfDB: Akinwumi Adesina reelected president of the bank for five more years
The shareholders of the African Development Bank unanimously re-elected Akinwumi Adesina. The affair of the internal whistleblowers has therefore left no trace. Adesina therefore reappointed […]
Mali: the financial component of ECOWAS sanctions against the military junta
During the video-conference of West African Heads of State (ECOWAS) on Thursday, August 20, the sub-regional organization announced that it would break “financial and trade […]
African Development Bank holds its annual General Assembly
This had never happened in the history of the African Development Bank since its creation in 1964. For the first time, the main financing institution […]