February 14, 2020//-Africa today accounts for around 17% of the world’s population, but only about 3% of global GDP.
Category: Investing
African Development Bank Fights World Bank Boss Over Africa’s Debt Profile Remark
Abidjan, Ivory Coast, February 13, 2020/ — In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank , have a tendency to lend too quickly and in the process, add to the continent’s debt problems.
Paul Kagame: No Compromise on African Values
February 12, 2020//-Rwanda’s President Paul Kagame defies standard categorisation. Some see him as the greatest living African leader who has built a shining, virtually corruption-free nation of proud citizens from the ashes of the 1994 genocide; others say he rules with an iron fist and will brook no dissent.
“White African”: Born in Congo, Grew Up in Ghana Now Wants to Give Back to Africa
Accra, Ghana, February 12, 2020//-Christian Roman Gutzwiller popularly known as “one of the first non native white African” is a man who never hides expressing his love for Africa and its people in private and in the open.
Bank of Ghana: Building Reserves for Rainy Days
Accra, Ghana, February 11, 2020//-The Bank of Ghana had drawn down on its reserves to manage developments on the foreign exchange market. As explained by the bank’s chief, reserves are held for use when times are not good and then built up as buffers when things improve.
South Africa: Escaping the Growth Doldrums
February 11, 2020//-South Africa is an important economy in sub-Saharan Africa and when growth is high the entire region benefits.
Africa’s CEOs Forecast Low Revenue Growth
February 11, 2020//-Chief executives of firms operating in Africa are concerned about weaker than expected growth in revenues this year, largely due to policy uncertainty, over-regulation, exchange rate volatility and turbulence in the global financial markets.
Five African Presidents Set to Attend AFRICA CEO FORUM 2020
Accra, Ghana, February 11, 2020//-Five African presidents- Alassane Ouattara of Ivory Coast; Paul Kagame, Rwanda; Macky Sall, Senegal; Mahamadou Issoufou of Niger; and Filipe Nyusi, Mozambique, as well as Nigerian Vice President Yemi Osinbajo will grace the eighth edition of the AFRICA CEO FORUM.
First Continental Report On Implementation Of Agenda 2063 Unveiled
Addis Ababa, Ethiopia, February 10, 2020 – The African Development Bank, the United Nations, and the African Union (AU) acknowledged the significant progress made in implementing Agenda 2063 and urged African countries to go further to fast-track economic transformation.
Tony Elumelu Foundation Disburses $2.5m to AfDB-sponsored African Entrepreneurs
Lagos, Nigeria, February 9, 2020//-Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5 million seed capital to the AfDB-sponsored beneficiaries of the 2019 TEF Entrepreneurship Programme.