Nairobi, Kenya, July 22, 2020 – IFC, a member of the World Bank Group, committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in fiscal year 2020, supporting businesses across the two regions to launch, grow, provide jobs and fight the impacts of the global COVID-19 pandemic.
July 22nd, 2020//- An effective business registration system plays a crucial role in economic well-being and its advancement, especially in emerging economies.
July 22, 2020//-A Dubai-based executive at the International Chamber of Commerce has made realising the “untapped potential” of trade between the UAE and Africa the top priority of her new role.
July 21, 2020//-Trade-restrictive measures imposed by G20 governments have reached historically high levels, a trend that has only increased with the pandemic.
Johannesburg, South Africa, July 21, 2020/ — The Anzisha Prize, a partnership with African Leadership Academy and Mastercard Foundation, is celebrating 10 African entrepreneurs whose transitions into entrepreneurship started before the age of 25.
July 21, 2020//-Cash sent home by Kenyans living in North America hit a historic high of Sh15.7 billion ($145.95 million) in May, defying the tough economic situation facing workers in the region since the Covid-19 pandemic struck.
July 20, 2020//-With a rapidly growing population and economy, Africa is poised to take on massive infrastructure upgrades, and they’ll need talented project managers to lead the charge.
July 16, 2020//-A South African investment firm linked to the infamous Gupta family of businessmen charged a major state-owned company US$2.8 million for property management services that it never provided, OCCRP has discovered.
July 16, 2020//-In response to the COVID-19 crisis, governments around the world have ramped up their relief and stimulus spending to unprecedented levels—just as tax revenues have slumped.
Accra, Ghana, July 16, 2020//-Prior to the COVID-19 pandemic, Africa was identified as one of the fastest-growing consumer markets in the world[1], with household consumption growing even faster than gross domestic product (GDP) in recent years and annual GDP growth consistently overtaking the global average[2].
