Economy
OBG: Africa experiences fragile growth across 2021
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Oxford Business Group (OBG) have released a review of 2021 for Africa noting that while the continent saw growth across the year, its recovery remains fragile
Southern Africa set for economic rebound, COVID-19 impact lingers
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Southern Africa is set for an economic rebound in 2021 and 2022, provided the COVID-19 pandemic tapers off, according to African Development Bank (AfDB)
AfDB and IFC partner to advance economic development in Lusophone African countries
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The 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
Tanzania’s GDP poised to top 8% in five years
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The 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
SSA economy on a steady recovery path
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After 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
- AfDB ups financial contribution in Mozambique to US$2.5mn
- Aggreko builds long-term power partnerships
- East African countries to discuss economic recovery and investments promotion
- New water treatment plant to benefit Botswana’s economy
- 'Partnerships and CSR initiatives essential for Africa’s economic diversification'
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