Economy

Roberto Azevêdo pledges support for Africa’s economic integration

WTO 1Addressing the African Group of WTO members in Geneva on 3 June 2019, Director-General Roberto Azevêdo stressed his commitment to supporting Africa’s continued economic integration through the African Continental Free Trade Agreement (AfCFTA) and through the WTO

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Equatorial Guinea implements IMF’s e-GDDS

EG eGDDSEquatorial Guinea has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP)

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World Bank approves US$750mn for Kenya’s growth

AF CAF ATR 1The World Bank Board of Directors has approved a US$750mn International Development Association (IDA) credit to support the government of Kenya’s reforms to enhance inclusive growth, accelerate poverty reduction and achieve its Vision 2030 objective of becoming a middle-income industrialised country

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Angola new market for African oil and gas players

Ramaphosa LourencoAs Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest African neighbours are also entering the race to tap into vast investment opportunities in Africa’s second-biggest oil producing market

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Somalia makes significant progress on its economic reforms

un 1Briefing the Council, Raisedon Zenenga, deputy head of the UN Assistance Mission in Somalia (UNSOM), reported that Somalia had made significant progress on its economic and security sector reforms

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