The president of the African Development Bank has called on African countries to move away from subsistence economics and focus on industrialisation
Finance
Project to provide microfinance access to more than five million

The IFC and The MasterCard Foundation’s new partnership will look to provide people in Sub-Saharan Africa with access to financial services. (Image source: World Bank Photo Collection)
The International Finance Corporation (IFC) has teamed up with The MasterCard Foundation to launch a project to provide 5.3 million people in Sub-Saharan Africa access to financial services
Africa requires US$100 billion for infrastructure annually, says SCB head

Standard Chartered Bank’s Ebenezer Essoka has called on African nations to pay for vital infrastructure upgrades through the issuance of Eurobonds. (Image source: Standard Chartered Bank)
Standard Chartered Bank (SCB) has said the continent needs to bridge the gap of infrastructure finance deficit through the issuance of a Eurobond
Low-budget hotel brand to open first African property

The low-budget easyHotel brand will be make its African debut in Johannesburg. (Image source: givingnot@rocketmail.com)
Johannesburg’s Central Business District (CBD) has been named as the location of Africa’s first easyHotel
Sub-Saharan economies ‘resilient’ states World Bank

Economic development in Sub-Saharan Africa has remained strong despite the global economic crisis, according to a new report from the World Bank. (Image source: Aldon Scott McLeod)
A new report from the World Bank has stated that Sub-Saharan Africa will continue to enjoy faster economic growth despite the volatile nature of the global financial climate