Debt dangers in Africa: how defaults hurt people, and why forgiveness isn’t the answer
By Philippe Burger, Dean of Faculty of Economic and Management Sciences, and Professor of Economics, University of the Free State...
Foreign
AfDB, EU, France in $300m loan for development projects in Tanzania
The government of Tanzania, the African Development Bank (www.AfDB.org), and the French Development Agency (AFD) have signed agreements for two...
Ethiopia seeks $2bn under IMF programme
Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform programme,...
African faces annual GDP shortfall of $127.2bn by 2030 – AfDB
African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by...
Economic growth in Sub-Saharan Africa to drop to 3.6% – IMF
Amid a global slowdown, growth in Sub-Saharan Africa (SSA) is expected to reduce to 3.6 per cent before rebounding to...
UN deputy chief calls for global financial reform to achieve SDGs
United Nations Deputy Secretary- General, Amina Mohammed, has highlighted the need to reform the global financial system to achieve the...
IFAD commits $604.6m to Nigeria’s agriculture
The International Fund for Agricultural Development (IFAD) said it has directly invested 604.6 million dollars in Nigeria’s Agricultural sector through...
IMF, World Bank discuss debt sustainability, challenges
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them....
China makes solid progress in developing computing power
The scale of China’s computing power industry has expanded at an annual rate of nearly 30 per cent in recent...
Global growth slows to 2% in 2023 – World Bank
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two...
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