Africa
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AfDB approves US$ 147mln in subordinated debt to Mauritius Commercial Bank
ABIDJANI-The African Development Bank [AfDB] has approved US $147 million in subordinated debt to the Mauritius Commercial Bank Ltd [MCB] to enhance its capital base and mobilise loan growth in the renewables,…
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Nigeria Police Cooperative Society accused of fraud
LAGOS -Some police personnel late last year accused the leadership of the Nigeria Police Cooperative Multipurpose Society Limited of fraud, according to Sahara Reporters. Records show Nigeria Police cooperative, which is under…
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COMESA, partners hold high-level engagement on sidelines of CSW67
NEW YORK -COMESA, the East African Community [EAC] and the Economic Community of West African States [ECOWAS], the three regional economic communities which are jointly implementing the 50 Million African Women Speak…
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World Bank president nominee, Ajay Banga, pledges to partner with AfDB for transformative results
ABIDJANI-US nominee for World Bank Group President, Ajay Banga began his global tour on Monday, with his first stop in Abidjan, Cote d’Ivoire where he met the African Development Bank [AfDB] President…
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Close to 90 percent of NTBs reported in RECs resolved
LUSAKA– A total of 716 out of 796 [88.9 percent] of the Non-Tariff Barriers [ NTBs ] registered in the online reporting system implemented by the three regional economic communities [RECs] of…
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Madagascar: ADF’s agriculture rehabilitation project boosts farmers’ income
ANTANANARIVO -In Madagascar, the South-West Region Agricultural Infrastructure Rehabilitation Project, funded by the African Development Bank [AfDB], has provided a new boost to agriculture, resulting in enhanced farmers’ incomes, according to the project completion report.…
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TCAMCCO slated for May in Nairobi
KAMPALA-The 10th Technical Committee of the Africa Ministerial Cooperative Conference [ TCAMCCO ] will take place at Panafric Sarova Hotel in Nairobi, Kenya Nairobi from May 22-24, 2023, according to Dr.Chiyoge Sifa,…
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African economies remain upbeat despite multiple shocks, says AfDB official
KAMPALA-African economies remain resilient despite experiencing multiple shocks, with 53 out of 54 African countries seen maintaining positive growth and a stable outlook for the 2023/24 period, the African Development Bank has…
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COMESA: National accounts statisticians trained on GDP rebasing
More than 70 national accounts statisticians from 37 countries in Africa have participated in a workshop on Gross Domestic Product [GDP] rebasing in the framework of the 2008 System of National Accounts…
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Africa’s coffee exports drop 9 percent in December 2022
KAMPALA -Exports of all forms of coffee from Africa decreased by 9 percent to 0.97 million bags in December 2022 from 1.13mln bags in December 2021, according to International Coffee Organisation [ICO].…
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