The report emphasizes that rising debt service costs are shrinking the budget space needed for essential investments in sustainable development goals....
During the first Russia-Africa Summit held in 2019, the president promised to increase trade with the continent to "$40 billion over five years."...
During the first Russia-Africa Summit held in 2019, the president promised to increase trade with the continent to "$40 billion over five years."...
Since September 2023, Burkina Faso has been implementing an economic reform program under the supervision of the IMF to make its economy stronger and more...
Since September 2023, Burkina Faso has been implementing an economic reform program under the supervision of the IMF to make its economy stronger and more...
Nigeria is facing the aftermath of devastating floods this year. FAO reported that these floods have destroyed infrastructure, caused mass displacement,...
Nigeria is facing the aftermath of devastating floods this year. FAO reported that these floods have destroyed infrastructure, caused mass displacement,...
Last February, experts from the United Nations Economic Commission for Africa advised African countries to look into new green financing methods to...
Last February, experts from the United Nations Economic Commission for Africa advised African countries to look into new green financing methods to...
In Senegal, fishing supplies nearly all of the country’s seafood products. Illegal catches off the Senegalese coast put extra pressure on fish stocks and...
In Senegal, fishing supplies nearly all of the country’s seafood products. Illegal catches off the Senegalese coast put extra pressure on fish stocks and...
South Africa’s official unemployment rate dropped by 1.4 percentage points, from 33.5% in Q2 to 32.1% in Q3 2024. According to the Quarterly Labor...
South Africa’s official unemployment rate dropped by 1.4 percentage points, from 33.5% in Q2 to 32.1% in Q3 2024. According to the Quarterly Labor...
The program is part of developed countries' commitment—those that produce the majority of carbon emissions—to provide funding to emerging or developing...
The program is part of developed countries' commitment—those that produce the majority of carbon emissions—to provide funding to emerging or developing...
Seeds, at the heart of food systems, support a $3,000 billion value chain. In the face of the challenges posed by climate change, this sector has...
Seeds, at the heart of food systems, support a $3,000 billion value chain. In the face of the challenges posed by climate change, this sector has...
In September 2024, a stronger food supply, especially in coastal countries, helped slow down rising food prices. Côte d'Ivoire, Benin, and Togo were among...
In September 2024, a stronger food supply, especially in coastal countries, helped slow down rising food prices. Côte d'Ivoire, Benin, and Togo were among...
The World Bank warns that without new climate adaptation measures, Senegal could experience annual GDP losses of up to 9.4% by 2050 due to climate-related...
The World Bank warns that without new climate adaptation measures, Senegal could experience annual GDP losses of up to 9.4% by 2050 due to climate-related...
Nigeria is facing economic challenges driven by inflation and the devaluation of its currency, the naira. Economic growth has struggled to keep up with a...
Nigeria is facing economic challenges driven by inflation and the devaluation of its currency, the naira. Economic growth has struggled to keep up with a...
The funds will primarily go toward settling loans provided by Ethiopia’s largest bank to several state-owned companies, including Ethiopia Electric Power,...
The funds will primarily go toward settling loans provided by Ethiopia’s largest bank to several state-owned companies, including Ethiopia Electric Power,...
The report emphasizes that gender equality is not just about fairness; it is also a crucial economic issue. If the gap between men and women were...
The report emphasizes that gender equality is not just about fairness; it is also a crucial economic issue. If the gap between men and women were...
Even with its large population, the continent is still a small player in the insurance sector. It accounts for less than 1% of global premiums and has an...
Even with its large population, the continent is still a small player in the insurance sector. It accounts for less than 1% of global premiums and has an...
In 2021, Colonel Mamadi Doumbouya led a coup that brought him to power in Guinea. One of his main goals is the Simandou project, which has been stalled...
In 2021, Colonel Mamadi Doumbouya led a coup that brought him to power in Guinea. One of his main goals is the Simandou project, which has been stalled...
As relations between the ruling juntas in the Sahel States Alliance (AES) and Western powers continue to worsen, Russia is ramping up economic initiatives...
As relations between the ruling juntas in the Sahel States Alliance (AES) and Western powers continue to worsen, Russia is ramping up economic initiatives...
The IMF's support is designed to make Sierra Leone's economy more resilient, lift living standards, and fight poverty through structural reforms and...
The IMF's support is designed to make Sierra Leone's economy more resilient, lift living standards, and fight poverty through structural reforms and...
The Ivorian government aims to enhance teacher training, equip schools with digital tools, and establish modern technological infrastructure.
On October...
The Ivorian government aims to enhance teacher training, equip schools with digital tools, and establish modern technological infrastructure.
On October...
In its latest outlook, the International Monetary Fund (IMF) projects that by 2025, sub-Saharan Africa could see per capita consumption equivalent...
In its latest outlook, the International Monetary Fund (IMF) projects that by 2025, sub-Saharan Africa could see per capita consumption equivalent...
IMF Africa Deputy Division Chief Antonio David notes in the October 2024 regional outlook that while African public debt is stabilizing, its cost remains...
IMF Africa Deputy Division Chief Antonio David notes in the October 2024 regional outlook that while African public debt is stabilizing, its cost remains...
In its latest report, the Mo Ibrahim Foundation reviewed governance trends in Africa from 2014 to 2023. A total of 33 countries improved, while 21 saw...
In its latest report, the Mo Ibrahim Foundation reviewed governance trends in Africa from 2014 to 2023. A total of 33 countries improved, while 21 saw...
Since July 2022, Benin has been receiving support from the IMF through a combined agreement under the Extended Credit Facility (ECF) and the Extended Fund...
Since July 2022, Benin has been receiving support from the IMF through a combined agreement under the Extended Credit Facility (ECF) and the Extended Fund...
Senegal serves as a key transit hub for migrants heading to Europe. In 2023, nearly 12,833 migrants reached Spain, with 9,319 identifying as Senegalese...
Senegal serves as a key transit hub for migrants heading to Europe. In 2023, nearly 12,833 migrants reached Spain, with 9,319 identifying as Senegalese...
The implementation of the EU Deforestation Regulation (EUDR) has the potential to significantly impact cocoa production in West Africa. With the...
The implementation of the EU Deforestation Regulation (EUDR) has the potential to significantly impact cocoa production in West Africa. With the...
During its 357th board meeting, the Islamic Development Bank announced a $3 billion funding package for 17 of its member countries.
On October 14,...
During its 357th board meeting, the Islamic Development Bank announced a $3 billion funding package for 17 of its member countries.
On October 14,...
The Ivorian government attributes this outcome to effective resource mobilization and careful spending management, despite challenging global...
The Ivorian government attributes this outcome to effective resource mobilization and careful spending management, despite challenging global...
While the EU is Africa’s largest trading partner, with trade reaching nearly €367 billion in 2023, stronger economic and trade integration within...
While the EU is Africa’s largest trading partner, with trade reaching nearly €367 billion in 2023, stronger economic and trade integration within...
Since 1997, the IMF has imposed surcharges on countries that borrow more than allowed or take longer to repay their loans. Economists and developing...
Since 1997, the IMF has imposed surcharges on countries that borrow more than allowed or take longer to repay their loans. Economists and developing...
Under the High Patronage of the President of the Republic of Angola, H.E. Joao Lourenço, the General Inspection of the Administration of the State of the...
Under the High Patronage of the President of the Republic of Angola, H.E. Joao Lourenço, the General Inspection of the Administration of the State of the...
The bilateral relationship between these two countries is still new but gained momentum after Rwanda opened its embassy in Conakry in January...
The bilateral relationship between these two countries is still new but gained momentum after Rwanda opened its embassy in Conakry in January...
The World Trade Organization (WTO) released its updated global trade outlook on October 10, with mixed news for Africa. While the continent's overall...
The World Trade Organization (WTO) released its updated global trade outlook on October 10, with mixed news for Africa. While the continent's overall...
Since May 2023, Côte d'Ivoire has been benefiting from an IMF EFF/ECF agreement, supplemented by RSF financing. From September 23 to October 9, an IMF...
Since May 2023, Côte d'Ivoire has been benefiting from an IMF EFF/ECF agreement, supplemented by RSF financing. From September 23 to October 9, an IMF...
Mr. Banga's visit to Côte d'Ivoire reflects the World Bank's commitment to supporting the country in its goal of becoming a key player in West African...
Mr. Banga's visit to Côte d'Ivoire reflects the World Bank's commitment to supporting the country in its goal of becoming a key player in West African...
In December, the African Development Bank (AfDB) urged for Africa to be exempted from the European Carbon Border Adjustment Mechanism (CBAM) due to the...
In December, the African Development Bank (AfDB) urged for Africa to be exempted from the European Carbon Border Adjustment Mechanism (CBAM) due to the...
Historically sidelined by bank financing, SMEs in WAEMU are now seeing credit flows shift more in their favor. Will this change mark a lasting trend?
In...
Historically sidelined by bank financing, SMEs in WAEMU are now seeing credit flows shift more in their favor. Will this change mark a lasting trend?
In...
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