October 23, 2020//-UNCTAD estimates show a 5% drop in world trade in the third quarter of 2020 compared to 2019, an improvement from the 19% decline in the second quarter but insufficient to pull trade out of the red.
Category: Investing
Ghana: Akufo-Addo’s ‘Economics’ Funnels Money Into His Family’s Pockets–Mahama
Accra, Ghana, October 22, 2020//-Former President John Dramani Mahama has mounted fresh allegations on President Nana Addo Dankwa Akufo-Addo.
World Bank: COVID-19 Reversing Ghana’s Economic Gains
Accra, Ghana, October 21, 2020//-World Bank has warned that the devastating COVID-19 pandemic which is causing global humanitarian and economic crisis is reversing Ghana’s years of economic gains.
COVID-19 Blues: 150 Million People to Become Extreme Poor by 2021
Washington DC, U.S, October 20, 2020- The World Bank today announced that the devastating COVID-19 pandemic could add150 million people to extreme poor bracket by 2021.
IFC, Global Bank to Increase Housing Finance for Women, Support Women-Owned SMEs
Panama City, Panama, October 20, 2020//– IFC, the private sector arm of the World Bank Group, is partnering with Panama’s Global Bank in a first-of-its-kind transaction that will increase housing finance for women and support women-owned businesses in the country.
Global Action Urgently Needed to Halt Historic Threats to Poverty Reduction
October 20, 2020//-For almost 25 years, extreme poverty was steadily declining. Now, for the first time in a generation, the quest to end poverty has suffered its worst setback.
Tanzania Gets $50.7M COVID-19 Crisis Response Budget Support
Abidjan, Ivory Coast, October 19, 2020/ — The Board of Directors of the African Development Fund (ADF) has approved a loan of UA 36 million ($50.7 million) to Tanzania, to finance the nation’s response to the COVID-19 pandemic.
IFC Sets to Invest $15 Million in ABL Trust Mexico to Promote SMEs Recovery
México City, Mexico, October 19, 2020//- The International Finance Corporation (IFC), member of the World Bank Group, announced an initial investment of $300 million pesos (about $15 million) in ABL Trust Mexico, a trust conformed by MAS Leasing and Jolly Haul, two Mexican leasing companies.
Pandemic to Trigger $4 Trillion Loss in Global Real GDP in 2020
October 19, 2020//-Data presented by Buy Shares indicate that the global economy is projected to lose $3.94 trillion in real GDP. The loss will be recorded across 2020 mainly due to the coronavirus pandemic.
Research: Black Business Owners Face Significantly More Challenges
October 16, 2020//-Black business owners face significantly more challenges in starting, maintaining and growing their businesses than their white counterparts, according to new research from Goldman Sachs’ 10,000 Small Businesses program, which analyzed more than 10 years of data from approximately 9,700 program graduates.