russia
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News
Money Laundering: Afreximbank to host International Compliance Forum for Africa
CAIRO, August 1, 2024 – To improve global trade in Africa and align with international regulatory and compliance standards, African Export-Import Bank [Afreximbank], in partnership with the Inter-Governmental Action Group against Money…
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Opinions & Commentary
Geopolitical risks continue to loom over central bank FX reserves
LONDON, May 19, 2024 – Two surveys of central bank foreign exchange reserve managers have been published in recent weeks – both of which highlighted that geopolitical risks were now considered to…
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News
SONA2024: Museveni hails legislature, executive relationship
KAMPALA, June 7, 2024 – President Museveni has commended the good working relationship between parliament and the executive arms of government, which he said has contributed to the country’s stability and progress.…
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News
WNA to showcase Southern Africa’s nuclear prospects at IAE 2024
KAMPALA, April 22, 2024 – Director General of the World Nuclear Association [WNA] Dr. Sama Bilbao León will speak at the Invest in African Energy [IAE] Forum in Paris this May, unpacking…
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Africa
Resource-rich Africa has no excuse to remain poor, says AfDB boss
ABUJA, November 30, 2023 – With US$ 6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse to be…
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Africa
Raw coffee exports irk Museveni
President Yoweri Museveni yesterday addressed delegates attending the 2nd G-25 Africa Coffee Summit at Speak Resort Munyonyo in Kampala where he discouraged the export of raw coffee and other products from Africa,…
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Africa
BRICS invites African Heads of State to August Summit in South Africa
JOHANNESBURG – The BRICS economic bloc has invited 69 leaders to its upcoming summit, including all African Heads of State and the political heads of major Global South bodies, various media reports…
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Finance & Banking
Egypt acquires equity in BRICS New Development Bank
CAIRO-One of Africa’s economic powerhouses, Egypt recently took an equity in the BRICS New Development Bank [NDB], weeks after President Abdel-Fattah El-Sisi visited India as a chief guest for the Republic Day…
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Africa
Botswana: AfDB Group commits US$ 180mln to bolster post-Covid-19 economic recovery
GABORONE-The Board of Directors of the African Development Bank [AfDB] has approved a loan of US$179.66 million to support government of Botswana to restore post-pandemic fiscal stability and economic recovery. The funds…
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International
World Bank: Russian invasion of Ukraine impedes post-pandemic economic recovery in Europe and Central Asia
WASHINGTON-Russian invasion of Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the…
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