Southern Africa set for economic rebound, COVID-19 impact lingers

AdobeStock 362082211Southern Africa is set for an economic rebound in 2021 and 2022, provided the COVID-19 pandemic tapers off, according to African Development Bank (AfDB)

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AfDB and IFC partner to advance economic development in Lusophone African countries

MozambiqueATRDec321The African Development Bank (AfDB) and IFC, a member of the World Bank Group, on 2 December signed a partnership agreement admitting IFC as the first institutional partner to the Development Finance Compact for Portuguese-Speaking Countries of Africa, or the Lusophone Compact

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Tanzania’s GDP poised to top 8% in five years

ATRGDPDec121The Tanzania economy is poised to grow steadily to reach 8% in five years, which hinges on increased positive utilisation of resources and growth in productivity

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SSA economy on a steady recovery path

AdobeStock 338034267After 2020 regional downturn, the International Monetary Fund (IMF) estimated the sub-Saharan Africa (SSA) economy grew at 3.7% in 2021 led by expansion in industry and services but still experienced weaker growth in gross fixed investment

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AfDB ups financial contribution in Mozambique to US$2.5mn

MozambiqueATRNov1721The African Development Bank Group (AfDB) has approved a grant of US$1.5mn to Mozambique to boost the development of local content

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