Political leaders from across the Economic Community of West African States (ECOWAS) have resolved to harmonise budgetary and fiscal policies in order to ensure greater macroeconomic convergence across the region
Finance
Free trade in Africa promises boost to intra-regional business
Africas intra-regional trade was expected to increase by US$34.6 billion in 2022 with establishment of the Continental Free Trade Area (CFTA)
Uganda denounces Oxfam land-grabbing claim
The Ugandan government has refuted reports from Oxfam International that it is working with UK-based global company New Forests Company (NFC) on land grabs for investments of commercial forest plantations
US$40 million AfDB fund supports Malawian budget
Malawi has been granted approximately US$40 million by The African Development Fund (ADF), part of the African Development Bank (AfDB), to cushion vulnerable groups from the negative impacts of recent economic reforms
China offers US$20 billion in loans to Africa
Chinese President Hu Jintao greets Equatorial Guinea President Obiang Nguema Mbasogo at an event in Shanghai. (Image source: Embassy of Equatorial Guinea)
China has offered US$20 billion in loans to African countries over the next three years
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