Abidjan, Ivory Coast, May 6, 2020/ — The World Bank and the Government of Côte d’Ivoire signed today a $35 million credit agreement from the International Development Association (IDA)* to scale up efforts to combat the COVID-19 pandemic (Coronavirus) in the country.
Category: Investing
Ghana: Dr Bawumia In The Trenches Again With His Unrelated Comparisons
Accra, Ghana, May 5, 2020//-Somewhere in the literature, I read an extract which says that great but visionary leaders are spotted in times of crisis; the leader’s decisions, his demeanor, his approach to communication and his ability to rally popular support around unpopular decisions are the very traits that ultimately define every leader in the […]
COVID-19 Blues: Ghana’s Economy Shows Signs Of Collapse-CDG—Gh
Accra, Ghana, May 4, 2020//-The Caucus for Democratic Governance, Ghana (CDG—Gh) says Ghana’s economy is showing signs of collapse as the country could not raise money internally to provide personal protective equipment (PPE) and other health needs to contain the spread of the deadly coronavirus disease 2019 (COVID-19).
Why The IFC Is Staking Big On Kenya’s Ailing Retail Sector
May 2, 2020//-At a very telling time in the retail landscape in Kenya and East Africa, supermarket chain Naivas is teaming up with some high-profile investors to strengthen its top spot in a competitive market.
IMF Gives $3.4 Billion in Emergency Support to Nigeria to Fight COVID-19
Washington D.C., United States of America, April 28, 2020/ — The IMF approved $3.4 billion in emergency financial assistance under the Rapid Financing Instrument to support the country’s efforts in addressing the severe economic impact of the COVID-19 shock and the sharp fall in oil prices.
PEF Allocates $195 Million to Over 60 Low-Income Countries to Fight COVID-19
Washington D.C., United States of America, April 28, 2020/ — The Steering Body of the World Bank’s Pandemic Emergency Financing Facility (PEF) announced today the allocation of $195.84 million to 64 of the world’s poorest countries with reported cases of COVID-19.
UNCTAD: Global E-commerce Hits $25.6 Trillion
Geneva, Switzerland, 27 April 2020 – E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released today by the UN’s trade and development body, UNCTAD, at the start of its UNCTAD eWeek event.
Economists Now See Global Recession Lasting Longer Than Two Quarters
April 26, 2020//-Economists have once again downgraded their outlook for the global economy, as lockdown measures are extended and more data reflects the unprecedented hit to economic activity.
Global Executives Express Severe Pessimism Amidst COVID-19 Pandemic
April 26, 2020//-As the COVID-19 pandemic sweeps the globe, companies are decidedly more pessimistic about the global economy than their own prospects, according to a new study released by the Economist Intelligence Unit (EIU) today.
COVID-19: How Social and Economic Sectors Are Responding
Geneva, Switzerland, April 24, 2020- (ILO News)// – The COVID-19 crisis is having a devastating effect on workers and employers in all sectors.