Finance

World Bank launches human capital plan in Africa

Africa childThe World Bank has unveiled a new plan to enable Africa's young people to grow up with optimal health and equipped with the right skills to compete in the digitising global economy

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Kenya’s Meru county to benefit from UN-Habitat’s finance development

Signature 1The UN-Habitat has committed to supporting the county government of Meru in Kenya with a grant for collaboration on Municipal Finance, financed by the Swedish Development Agency (SIDA)

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AfDB approves US$4.8mn grant to accelerate African free trade

afdb trade 11aAfrican Development Bank (AfDB) has approved an institutional support grant of US$4.8mn to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA)

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Growth in SSA remains below three per cent: World Bank

World bank digitalGrowth in sub-Saharan Africa has been downgraded to 2.3 per cent for 2018, down from 2.5 per cent in 2017, according to the April 2019 issue of Africa's Pulse, the World Bank's bi-annual analysis of the state of African economies

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IFC invests US$100mn to bolster Egyptian economy

IFC and megIFC, a member of the World Bank Group, has announced to provide up to US$100mn to the Middle East Glass Manufacturing Company (MEG), aiming to support the firm’s capital expenditure programme and boost Egypt’s manufacturing sector

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