Economy

European Investment Bank and Afreximbank supporting Africa’s trade

africa afriexim bank businessThe European Investment Bank (EIB) and the African Export-Import Bank (Afreximbank) are directing US$356.48mn of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic

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EBRD gives US$100mn loan to BCP to tackle COVID-19 impact in Morocco

Morocco ebrd stpry stockResponding to the COVID-19 impact on the Moroccan economy, European Bank for Reconstruction and Development (EBRD) has provided US$100mn loan to Banque Centrale Populaire (BCP) for on-lending to local private businesses

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AfDB-funded training builds skills for Ghana’s future economy

AfDB report Ghana Accra FlickrA six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted economic competitiveness and contributed to an improvement in the quality of life of beneficiaries and a reduction in poverty, according to an African Development Bank (AfDB) report

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East Africa is Africa’s fastest growing region, despite COVID-19 disruption

East africa tradeEconomic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 per cent, a rate that outstrips other African regions and is forecast to rebound to 3.7 per cent in 2021, according to the African Development Bank’s (AfDB) East Africa Regional Economic Outlook 2020

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AUDA-NEPAD and Ecobank announce pillars of “100,000 MSMEs by 2021” programme

NEPAD MSMEAUDA-NEPAD, the African Union Development Agency, and Ecobank Group are committing to pool African resources, capabilities, financing, market access and technology, to help achieve a continental response to resources to Africa’s Micro Small and Medium Enterprises (MSMEs)

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