Search

The article reports that the government of China released a white paper entitled "China-Africa Economic and Trade Cooperation" which highlights the latest achievements and provides information on trade development, investment expansion, and other areas of cooperation between China and Africa.

The article reports on the approval of the integrated development plan for 2012 by the Eritrean government. The move came following the presentation of a working paper by President Issayas Afewerki that outlined the country's political, socio-economic, and cultural strategy. The country has plans to expand electrification and reinforce power-generating resources.

The article reports on the decision of the African Development Bank Group to support the 2015-2019 Country Strategy Paper of Botswana to help the country attain economic growth and mentions the core areas where the financial institution will provide support.

The article reports on economic analysts' predictions that economic growth will decline to less than 1% in South Africa. This has been noted by firms such as Absa Capital, Nedbank, and RMB, while job cuts are expected to increase in the mining, manufacturing, and retail sectors. The motor vehicle and parts sector, and textile, paper production have also noted the slow growth die to the lower demand. Though additional stimulus is being planned, the overall investment is expected to slow.

The article reports about the bank profits in Rwanda. This paper discusses the economic growth in the country which forms a strong backdrop in commercial banks. The second-biggest bank in Rwanda, Rwanda Commercial Bank has had a steady growth in its customer base and this boosted growth in performance. Pre-tax profits are reported. Competition in rolling out new products has improved and customers are more attracted to invest. Profits has improved and continuously rose. The bank is owned by Actis but the government still owns a part.

The article focuses on the Uganda's 2014-2015 budget presented by Maria Kiwanuka, Minister of Finance, Planning and Economic Development under the theme "Maintaining the Momentum: Infrastructure Investment for Growth and Social Economic Transformation." It mentions four interventions, which are the basis of budget strategy, vision to restore real gross domestic product (GDP) growth to seven percent per annum and transport, projection of communication and electricity as growth promoters.

The article offers information related to Africa including the 2017 budget in Algeria, the 11th African Economic Conference (AEC) in Abuja, Nigeria on December 7, 2016, and the funding committed by the World Bank Group to support the economic development of Madagascar until 2020.

The article offers information related to technical, financial and economic conditions of various countries in Africa including the corruption in Nigeria, the chief executive officer (CEO) forum in Côte d'Ivoire from March 21-22, 2016, and the economic growth in Kenya for 2015.

The article reports the termination of Cape Verde's classification as a least developed country by 2008. This turning point coincides with various notable events on the country's economy including its significant growth by 10.8 percent and increased revenues from the tourism sector. José Brito, Minister of Economy, Growth and Competitiveness, stresses that the growth of accumulated profit generated by the sector serves as a surplus for the government's operating budget. However, despite this development Cape Verde remains to keep an official poverty rate of 37 percent as it continues to count on grants and loan aid.

The article reports on developments in the real property business in Angola. Prime office space in the center of the city overlooking the bay sells for about $6,500 per square meter. An average flat can cost $12,000-$15,000 a month which is prohibitive even for some businesses hoping to take advantage of the country's booming economy, which is expected to grow in 2007 at 20-30%. The country exported nearly $30 billion of oil in 2006. The heavily congested capital has only a strip of property that most expatriates would consider suitable.

The article offers a brief report relating to Liberia's International Development Association (IDA) $16.5 million grant by the World Bank. The World Bank has approved the IDA grant to support the rebuilding of the rural roads and urban infrastructure while at the same time increasing job creation within the country.

The article offers a report related to the construction industry in South Africa. It states that the booming construction industry in the country will need to double its present output of one hundred billion annually to meet the public and private sector growth targets leading to 2014. South Africa announced that three hundred seventy-two billion would be spent on infrastructure development over the next few years as a part of their campaign to halve the poverty level in the country.

The article reports on the economic recovery experienced by Algeria in 2006. According to Karim Djouid, minister of financial reform, exchange reserves had reached a new high of $ 61 billion at the end of February 2006. This boost in exchange reserves has been brought by higher oil prices and represents an increase of $ 18 billion in just 14 months. Meanwhile, the improvement of the security situation in the country is attracting foreign investors to take a stake in the country's economic revival.

The article reports on the economic growth of Libya, which is considered as the major trade opportunity for Tunisia and its businesses. On the other hand, Libya has also been greatly benefited from Tunisia's strong appetite for oil. One of the key roles in the improved trade relations between the two countries is proximity.

The article offers information regarding the economic condition of various countries in Africa as of 2015. Topics include Sub-Suharan Africa, Nigeria, and Algeria. It mentions the countries' economic trends, economic and food security, and politics along with the countries' communications and transportation, industries, and commodities.

The article offers the economic outlook for Cameroon. The country's growth rate, according to the seventh issue of the "Cameroon Economic Update." could stand at roughly 4.6% in 2013 due to the boost received from industrial agriculture. The private sector is also said to be the driving force behind strong growth and job creation.

The article offers an overview on the economic condition in Africa as of September 16 to October 15, 2014. Noted is that the economic growth in the Sub-Saharan region has remained strong and had accelerated to 5.8% but is threatened by the consequence if the Ebola outbreak could spread in the western area. Described is that the economic atmosphere in South Africa had been lacklustre due to low business confidence, tight electrical supply and affected by protracted strikes.

The article presents the June 16-July 15, 2014 issue of the journal "Africa Research Bulletin,' which focuses on various political and economic issues related to African countries. Topics discussed include despite the negative impact of instability in neighboring countries the growth remaining strong in East African countries, the importance to security given by Kenya, and the plan of the government in Rwanda to spend 2.58 billion U.S. dollars to improve infrastructure and export promotion.

This section offers news briefs related to economic and financial developments in Africa as of January 2014. A 6.1% economic growth is projected by Zimbabwe Finance Minister Patrick Chinamasa. Economic activity within the West African Economic and Monetary Union is anticipated to grow at 6.5% in 2013. Presidents of Kenya and Sri Lanka have signed agreements to strengthen economic ties.

The article reports that South Africa has been formally invited to join the group of emerging economies called BRIC, which consists of Brazil, Russia, India, and China. Experts believe that the accession of South Africa is in consideration of the group's economic interest in Africa. Critics noted the sluggish economic growth of the country compared with the economies of the original members. Bilateral trade between China and South Africa has also rapidly grown.

The article provides an outlook for the economic condition of Rwanda. It expects that the economy of the country will grow by 7% to 8%, up from 5.5% in 2009. According to Minister of Finance and Economic Planning John Rwangombwa, the agricultural sector was the key factor of economic growth, having registered a 10.4% growth in 2009. Moreover, financial experts from the agency anticipate that private sector will increase by at least 20%, therefore, boosting the economic activity.

The article reports that the main development partners of Gambia pledged financial assistance of US$175m over the next three years to support the poverty reduction strategy of the country. The contributions were announced during the end of a Round Table Conference in London on February 5-6, 2008 which were attended by the representatives of the 27 bilateral, multilateral and other donor agencies like Bretton Woods institutions. The announcement also includes prospects for additional funding from debt relief, grants and other financial resources.

The article explores the impact of the tourism sector on the economic development of Cape Verde. The country's terrorism has been tagged as the driver of its economic growth with a significant increase of 40 percent on arrivals between 2002 to 2007 and the doubling of accommodation capacity to 11,000 beds since 2000. In response to this trend, the government starts working on a master plan to anticipate possible weaknesses in accommodation. The author states that Sal is the main point of tourist-related development in Cape Verde as it remains to be the only island in the country with international air access.

The article discusses the transmission of the financial assistance of the European Union and other donors into direct budget support for Cape Verde. This trend provides the government with more opportunities to work on immediate action for the country. The author stresses that the altered gross domestic product (GDP) estimate reflects the achievement of the government's target of reaching double-digit growth by 2011. He also highlights the contribution of tourist-related foreign investment as well as strong domestic demand on the country's sudden change on its economic condition.

The article offers information on the economic conditions of Angola. The human and natural resources play an important role in the economic growth of the country. Credit Guarantee Insurance Corp., the largest insurer of company debtors in South Africa, said that opportunity exist in the construction, agriculture, infrastructure, tourism and oil/mining sectors in the country. Furthermore, Angola will become the China of the African continent with its continuous economic development.

The article reports on the economic assistance extended by the French Development Agency (AFD) to Guinea. AFD has released and disclosed Euros 9m to help rice growing in the mangrove area in the country. AFD has also declared that the project will provide an income source to over 50,000 people in the country.

The article reports on the economic assistance given by the United Nations International Fund for Agricultural Development (IFAD) to Senegal. IFAD has helped assemble and arrange a $47 million aid package to benefit small farmers who are suffering erratic rainfall, and eroding quality and falling prices of their main products in the country.

The article reports that the World Bank has given $84M to facilitate economic development and poverty reduction strategy in Rwanda. The money has been allocated and divided into several programs including Lake Kivu methane gas project, Kigali-Ruhengeri road rehabilitation program and projects to fight HIV/AIDS.

The article presents news briefs concerning international economic assistance to Africa as of July 16, 2006. The United States has granted funds to the Centre for Rehabilitation and Abolition of Torture. France has granted funds for the development of education and vocational training in Mauritania. The Dutch government has pledged a grant to the Nile Basin Initiative.

The article presents news briefs concerning economic assistance provided by the United Nations (U.N.) to African nations as of July 16, 2006. The World Bank Board of Executive Directors has approved an international development association grant to Burundi. The U.N. Development Program has granted funds to Rwanda for the development of its transport and communication sector. The World Bank has extended two loans to Tunisia.

The article reports on the European Commission's approval of a proposal for a package to support infrastructure projects in the 2008-2013 period in Africa. The funds would come from the 10th European Development Fund. The funds' aim is to support regional development in the priority areas of transport, energy, water, information technology and telecommunication in Africa.

Reports on the economic assistance provided by government agency for African country. Announcement of Dutch government to support the newly elected government in Burundi; Plan of the French Development Agency to boost private and public sector investment in Cameroon; Aid of four million from France as support for the ongoing recovery process in public finances and good governance in Central African Republic.

Focuses on the improvement of the gross official reserves of the Reserve Bank of Malawi in Malawi. Assessment of the economic indicators detailing the improvement of the import cover of the banking sector; Impact of the food inflation to the economy.

Reports on Rwanda's receipt of funds from the World Bank Ecosystems Management Fund to implement an Integrated Management of Critical Ecosystems project. Total grant to help farmers adopt sustainable agricultural intensification technologies.

Reports on Nigeria's receipt of an International Development Association credit for a state governance and capacity building project. Grace period for the loan.

Reports on Mauritius' receipt of a grant from the Kuwait Fund for Arab Economic Development. Use of the grant to finance a study on the development of industrial tuna fishing.

Reports on Mali's receipt of loan from the World Bank. Use of the loan to enhance competitive, broad-based growth in the rural sector and help increase productivity.

Reports on Ghana's receipt of an International Development Association loan for the coastal transmission backbone project. Total loan received by Ghana.

This document presents updates on economies of African countries as of April 2013. South African Finance Minister Pravin Gordhan has predicted a slower rate of economic growth. A report on the West African economy was presented at the 42nd Economic Community of West African States (ECOWAS) Summit in Cote d'Ivore. The World Bank has approved a loan for Morocco to support the reform of its solid waste industry.

The article presents news briefs related to the economic conditions in Africa as of June 2013. International Monetary Fund (IMF) deputy managing director David Lipton has announced a potential growth in the country's economy despite uncertain flow of capital and changes in commodity prices. A memorandum of understanding was signed by Ghana and IMF for the establishment of the Africa Regional Technical Assistance Centre in Accra. A Public Information Notice was issued by IMF in Cape Verde.

The article presents an outlook for Kenya's economic growth in 2012. According to the World Bank, economic growth is affected by several factors such as high food and fuel prices. Economic growth is predicted to reach 5.5 percent in 2012. The need for the country diversify its exports away from flowers and tea is also cited.

The article reports on the 19.2 million U.S. dollars loan agreement for the Commodity Value-Chain Development Support Project in Cameroon from the International Fund for Agricultural Development (IFAD) to help improve the livelihoods of the poor, increase food supply, and reduce rural poverty.

The article reports that Liberian President Ellen Johnson has submitted the draft fiscal budget for 2010-2011 to the National Legislature on May 5, 2010. Accordingly, Liberian finance minister Augustine Ngafuan has introduced the budget which expects a bright prospects for economic growth with six percent in 2010 and nine percent in 2011. It adds that the Johnson administration will prioritize infrastructure construction and rehabilitation.

The article reports on the $1.1 trillion recovery plan proposed by the leaders of the world's 20 biggest economies to rescue the world economy at the G20 summit on April 2, 2009 in London, England. It states that the rescue package will include $850 billion of resources that will be channelled through global financial institutions to support the growth of emerging market and developing countries. Moreover, the allocations include lending increase of $100 billion by multilateral development banks, $50 billion for social protection and $6 billion for the world's poorest counties.

The article reports on the rise of foreign direct investments (FDI) in Africa over the last 12 months. The inflows reached $38.8 billion in 2006, which is record-breaking 26.5 percent rise. According to the author, there are diverse key sources of inflows and a rise in the investments led by China, India, the Republic of Korea, Taiwan, and Malaysia. The challenge of Africa is to seize this opportunity to help promote domestic productive capacities to allow for a long-term wider economic and human development.

Africa's economic growth remained stable in 2019 at 3.4% and is on course to pick up to 3.9% in 2020 and 4.1% in 2021, the African Development Bank (AfDB)'s I 2020 African Economic Outlook (AEO) i revealed on January 30th. B Boosting Mining Revenues: b The AfDB has allocated a €1.2m grant to provide training to help resource-rich countries improve their mining revenues. "Africa's transitional countries need to build state capacity to mobilise revenues from natural resource investments, to address reconstruction, infrastructure and socio-economic priorities. [Extracted from the article]

The article reports on the effort of the finance minister of South Africa, Trevor Manuel, in helping the country's economic growth. With a 41 billion Rand revenue overrun, Manuel has delivered a stimulus to economic growth in a generally expansionary budget. Manuel has increased the treasury's real growth domestic product growth to five percent for the next three years starting 2006.