Growth is slightly improving in the countries of the Middle East and North Africa region, largely driven by higher oil prices and improved export prospects, says the IMF’s latest regional economic assessment.
Category: Economy
Multi-pronged Approach Key for Effectively Defeating Fall Armyworm
Rome, Italy, May 1, 2017/—Tackling the menace of the tenacious Fall armyworm pest and avoiding economic hardship for smallholders across Africa requires quick and coordinated action, a massive awareness campaign, scientific innovation and multi-institutional collaboration, indicated scientists attending a the Stakeholders Consultation Meeting on the Fall Armyworm in Nairobi this week.
ILO: Global Unemployment Expected to Rise by 3.4 Million in 2017
Geneva (ILO News) – The global unemployment rate is expected to rise modestly from 5.7 to 5.8 per cent in 2017 representing an increase of 3.4 million in the number of jobless people, a new ILO report shows.
Nigeria: $11bn Lagos-Calabar Railway Line Gets The Go Ahead
April 29, 2017/—The government of Nigeria has announced that it is finalising a binding deal over the construction of the new coastal railway connecting Lagos in the south-west of the country to Calabar in the south-east.
Cocaine Worth $30 Million ‘Vanishes’ at Tema Port
April 28, 2017/—Investigations by The Finder have revealed that Ghana’s image in the comity of nations has once again been heavily dented as the country failed another major test in the fight against drugs.
Germany, IMF Strengthen Capacity Dev’t Cooperation in Africa
Wolfgang Schäuble, Germany’s Federal Minister of Finance and Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today signed a Letter of Understanding whereby the German Ministry of Finance will provide €15 million in support of the IMF’s capacity development activities across Africa in the context of the G-20 Compact with Africa.
PAC Indicts Auctioner over MoFA Vehicles
Accra, April 26 GNA – The Public Accounts Committee (PAC) of Parliament has indicted Alex Smart, an Auctioneer for receiving a commission of GH¢ 33,000 for virtually doing no auction.
Ghana: 52 Communities Get Support for Natural Resources Management
WASHINGTON, April 26, 2017—Over 52 selected local communities of the Brong-Ahafo and Western Regions of Ghana are to benefit from a $5.5 million Ghana Dedicated Grant Mechanism for Local Communities project (G-DGM) to strengthen their knowledge and practices towards reducing deforestation and improving the sustainable management of their activities.
Regulatory Changes Drive demand for Accounting, Finance Professionals
Figures from the Robert Walters South African Jobs Index, which charts vacancy numbers posted to online platforms, shows there has been growth within the accounting and finance sector year-on-year, more and more businesses now use the cloud accounting.
E-commerce Week: UNCTAD Promotes Investment in Digital Economy
Geneva, Switzerland 26 April 2017 – Two UNCTAD studies show that in order to enable an environment for investment in the digital economy, there is a need for better policy coordination between investment authorities, ministries and the public institutions managing digital development.