World Bank Group pledges more support for Safaricom Ethiopia
The World Bank Group’s private investment arm and guarantee agency have pledged more support for the first private telecoms operator...
Foreign
Chinese Yuan strengthens to 7.1280 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 165 pips to 7.1115 against the dollar...
Global economy in ‘precarious position’, World Bank warns
Washington, June 7, 2023: High interest rates and the Russian war in Ukraine continue to significantly slow global economic growth,...
World Bank pins poverty in Nigeria
The World Bank has insisted on its economic growth (Gross Domestic Product, GDP) forecast of 2.8% for Nigeria in 2023,...
Nigeria, Netherlands move to strengthen economic ties
Nigeria and Netherlands have engaged in an Economic Consultation to modernize the existing bilateral investment treaty between both countries to...
Kenya records trade surplus with Africa
Kenya’s goods trade surplus with Africa reached record levels in the first three months of the year driven by the...
Informal cross-border trade key to intra-African trade – ECA
The Economic Commission for Africa (ECA) says the continent must harmonise the data on informal cross-border trade which has remained...
Tanzania embraces the PPP model
Tanzanian authorities say they are joining peers in adopting public-private partnerships (PPP) for more infrastructure projects as funding squeeze continues....
Job loss fear confirmed as more AI tools launch
The recent chatter around text-based artificial intelligence language ChatGPT has had many worried about the security of their jobs, even...
Oil price increases as Saudi production cut production
Oil prices were on the rise on Monday following Saudi Arabia’s announcement that it would cut its oil output by...
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