World Bank downgrades Kenya growth forecast
The World Bank on Wednesday said it has slashed 2017 growth forecast for Kenya’s economy to 4.9 percent due to drought, sluggish credit growth and […]
World Bank
Switzerland to return $321m confiscated funds to Nigeria
Switzerland will soon return to the Nigerian government $321m confiscated from Nigerian dictator Sani Abacha’s clan, Swiss government said on Monday. According to Transparency International, […]
Sub-Saharan Africa to record slow growth – WB’s Africa Pulse report
Sub-Saharan Africa’s economy is growing more slowly this year than expected, the World Bank said on Wednesday. According to the Bretton Wood institution’s Africa Pulse […]
Ethiopia devalues Birr to cope with foreign currency crunch
The National Bank of Ethiopia (NBE) on Tuesday announced a devaluation of the country’s currency, the birr by 15% in a bid to cope with […]
Senegal: National revenue records a surplus of 560 billion CFA
Senegal’s economy has recorded a revenue surplus of over 560 billion CFA, data from the West African nation’s office of economic planning, policies and finance […]
Ghana launches free High School program for 400,000 students
Ghana’s president Nana Akufo-Addo on Monday launched his government’s flagship education program, Free Senior High School, to enroll about 424,092 students during the 2017/2018 academic […]
Ghana extends IMF credit Facility program to 2019
The Government of Ghana, on Wednesday, extended the credit facility program with the International Monetary Fund (IMF) by a year following a conclusion of an […]
Ghana’s oil production increases by 67%
Ghana’s oil production has increased by 67 percent in the first half of 2017 compared to the same period in 2016, the semi-annual report on […]
Nigeria’s Aliko Dangote to invest up to $50bn in US, Europe
Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $20bn to $50bn in the United States and Europe over the next seven […]
WB loans to Guinea to amount to $574 Million in 2017
World Bank Vice-President for Africa Makhtar Diop, who has just paid a visit to Conakry July 15-17, confirmed that Guinea will receive $574 million loan […]