Thursday, March 5, 2026
New report on COVID-19 impact on African trade finance shows massive capital outflows to $5bn in Q1 2020
…African trade amounts to $1,077 bn …Survey done by Afreximbank, UN-ECA, AfDB, MFW4A …185 banks across Africa representing...
Read moreDetailsIMF says sub-Saharan African will need additional funding of $245bn to remain afloat during the pandemic
Charles Abuede The International Monetary Fund (IMF) has stated that the low-income countries within the sub-Saharan African region will...
Read moreDetailsGreenpeace Africa reacts to East Africa crude oil pipeline deal
Says project will have harmful impact on global effort on clean energy East Africa needs clean energy that will help...
Read moreDetailsWorld leaders call for expansion of debt suspension to enable low-income countries achieve sustainable economic recovery
Meeting called by Prime Minister Justin Trudeau of Canada, Prime Minister Andrew Holness of Jamaica and the UN Secretary-General,...
Read moreDetailsAfreximbank, AU move 2nd Intra-African Trade Fair to December 2021
…Covid-19 vaccines roll-out cited for date shift …Inaugural fair recorded $32.6bn concluded deals …Organizers refrain from adducing expected deals ...
Read moreDetailsBuhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President
President Muhammadu Buhari and Ngozi Okonjo-Iweala, former finance minister, have congratulated Akinwunmi Adesina on his re-election for a second term...
Read moreDetailsThatcher-Loving Nigeria Candidate Plans to Overhaul Economy
By Paul Wallace and Dulue Mbachu Presidential hopeful would float naira, sell state oil firm Abubakar’s policies are opposed by...
Read moreDetailsAfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy
The Bank and the Republic of Korea also signed an agreement with the intent to provide up to $600 million...
Read moreDetailsVerve, UBA partner to support Zambia’s subsidy disbursement programme
Verve International has signed a partnership agreement with the United Bank for Africa to deliver cost-effective prepaid cards to farmers...
Read moreDetailsNamibia GDP growth seen accelerating to 2.2% this year- finance minister
Calle Schlettwein, Namibia’s finance minister said on Friday that the country's economic growth is expected to accelerate to 2.2 percent this...
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