Category archives for: Economy

Agreement Signed to Build Ethiopia’s First Cardiac Care Center

Addis Ababa, Ethiopia, May 24, 2018// –Royal Philips, a global leader in health technology, and the governments of Ethiopia and the Netherlands, today signed a seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center to address the critical shortage of cardiology services in Ethiopia.

FocusEconomics: Growth in Sub-Saharan Africa Set to Hit 4-year High

May 24, 2018//-The recovery in Sub-Saharan Africa’s (SSA) economy is expected to gain steam this year, thanks to stronger growth in major players Nigeria and South Africa, according to FocusEconomics, a leading provider of economic analysis and forecasts for 127 countries  in Africa, Asia, Europe and the Americas.

Korea Announces Landmark Multi-billion Dollar Financial Package for Africa

Busan, Republic of Korea, May 24, 2018/ /– The Government of Korea has announced a $5-billion bilateral financial assistance package for Africa.

How Côte d’Ivoire is Becoming the Bread Basket of West Africa

Abidjan, Ivory Coast, May 24, 2018//-According to GTAI Germany Trade & Invest of 16 May 2018, Côte d’Ivoire is becoming the bread basket of West Africa. Agriculture and the food industry, especially in Abidjan, have been very dynamic for years, both in production and processing.

Lidya Raises $6.9 Million in a Series A Round Led by Omidyar Network

Lagos, Nigeria, May 23, 2018//- Lidya, the digital financial services platform focused on improving access to credit for micro, small and medium-sized enterprises (MSMEs) in Africa, today announced that it has raised $6.9 million in a Series A investment round, one of the largest in Nigerian tech history.

Working Together to Sustain Gains of NTD Control Program in Rwanda

Kigali, Rwanda, 23 May 2018//-The change in perspective 10 years ago that led philanthropists to focus their money and energy on tackling neglected tropical diseases (NTDs) in partnership with the Ministry of Health in Rwanda needs to happen at ground-level in communities and public health systems across the continent to sustain the gains already achieved.

FocusEconomics: ASEAN Economies Benefitting from Solid Domestic Demand

May 23, 2018//-A more comprehensive estimate of aggregate GDP growth in the Association of Southeast Asian Nations (ASEAN) shows that the regional economy expanded robustly in the first quarter, benefiting from solid domestic demand and accommodative monetary conditions.

Economist Asks Managers of Ghana’s Economy to Open Up on Debt Stock

Accra, Ghana, May 23, 2018//-A renowned Ghanaian economist at the University of Cape Coast, Professor  John Gatsi has asked managers of Ghana’s economy to open up on the country’s debt stock.

Structural Reforms Key to Africa’s Economic Transformation

Busan, Republic of Korea, May 22, 2018/ — The Emir of Kano and a former Governor of Nigeria’s Central Bank, Muhammadu Sanusi II says Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of the continent’s trade and economic ecosystem.

NBS: Nigeria Suffers First Economic Decline Since End of Recession

Lagos, Nigeria, May 22, 2018//– Despite strong oil output, Nigeria suffered its first economic decline since the end of recession when the gross domestic product (GDP) growth declined by 1.95 percent in first quarter of 2018 compared to 2.11 percent in the preceding quarter.

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