Economy

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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AfDB and development partners propel Somalia back from the brink

Somalia AfDB 11 JuneIn early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (AfDB), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country

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Sudan joins UN alliance to drive financial inclusion and transparency

Sudan photo GettyImagesSudan has joined the United Nations-based “Better Than Cash Alliance” and announced commitment to accelerate digital payments, improving financial inclusion and transperancy throughout Sudan's vast territory

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World Bank: Tanzania can seize opportunities to mitigate negative effects of COVID-19

Tanzania World BankNotwithstanding Tanzania’s strong growth performance in 2019, its economy will also suffer the effects of the COVID-19 pandemic and global economic crisis, according to a World Bank report

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Boosting sub-Saharan Africa’s economic growth and jobs

IMF economy ATRSub-Saharan Africa’s policies should focus on increasing agricultural output and strengthening households’ ability to withstand shocks, crucial for reducing inequalities while boosting economic growth and jobs, according to International Monetary Fund (IMF)

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