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Africa economic outlook for year 2020 lauded at African Union Summit in Addis

The African Development Bank’s African Economic Outlook 2020 was praised at the 33rd African Union Summit in Addis Ababa for being an effective blueprint for addressing the continent’s human capacity gap.The 2020 edition of the...

Full remarks as IMF’s Kristalina Georgieva warns inequality threatening global financial stability

Ms Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) on Friday warned that inequality and financial sector instability were threatening to throw the world back into the great depression of the 1920s.

President Ramaphosa explains why the world is scrambling for a piece of Africa

The South African President, Cyril Ramaphosa, has explained why the world seems to be scrambling for a piece of Africa.From the United States to China, from Japan to Russia and the Middle...

My takeaways from Russia-Africa summit – President Cyril Ramaphosa of South Africa

The South African President Cyril Ramaphosa sends out a weekly newsletter to his countrymen every Monday to discuss key issues around his leadership and economic advancements. This week, he referenced his trip last week to Sochi for the...

Rising Russia welcomes African leaders for Russia-Africa summit in Sochi as U.S. takes back seat

Russian President Vladimir Putin on Wednesday will welcome dozens of African leaders to the Russia-Africa summit holding in the Black Sea resort of Sochi.With at least 50 African Presidents, heads of state...

What Africa can gain by cooperating with Russia – Opinion by Benedict Oramah

For most of its post-independence period, Africa’s trade and economic partnerships were largely dominated by Organization for Economic Cooperation and Development (OECD) countries, especially Western Europe. However, over the last two decades, many other countries, led...

Full remarks: Nigerian minister of finance Zainab Shamsuna Ahmed addresses journalists in Washington D.C.

The Nigerian minister of finance Zainab Shamsuna Ahmed addressed journalists in Washington D.C. on Sunday at the end of the 2019 World Bank and International Monetary Fund Meetings.Below are her full remarks...

Buhari: Nigeria lost $157.5 billion to illicit financial flows between 2003 and 2012

President Muhammadu Buhari has disclosed that Nigeria lost an estimated US$157.5 billion to illicit financial flows between 2003 and 2012.Quoting from the 2014 Global Financial Integrity Report in his address to the...

At Spring Meetings in Washington, finance ministers join forces to raise climate ambition

On Saturday, at the Spring Meetings of the World Bank Group and International Monetary Fund, Finance Ministers over twenty countries launched a new coalition aimed at driving stronger collective action on...

Nigerian government to name, shame and prosecute tax evaders from March 31

The Federal Government of Nigeria would begin to prosecute, name and shame tax evaders from March 31, the Minister of Finance, Mrs. Kemi Adeosun, announced on Thursday. Why it matters: More than 90 percent of Nigerians do not pay taxes, and...
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U.S. records more than 1000 dead from coronavirus in a day lifting total death toll above 5100

More than 1000 people have died from the novel coronavirus in the United States today, Wednesday,...
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IMF may lift Senegal’s COVID-19 response with $221 million

The Executive Board of the International Monetary Fund (IMF) has completed discussions on $221 million request by Senegal to meet the...

BREAKING: WHO urges World Bank and IMF to grant African nations express debt relief to withstand COVID-19 economic turmoil

The World Health Organization (WHO) on Wednesday urged the International Monetary Fund (IMF) and the World Bank to urgently grant developing...

Authorities in Chile must guarantee the health of the prison population against COVID-19

Chilean authorities must speed up the implementation of measures to reduce prison overcrowding and provide all essential services to prevent cases...

IMF approves $23.5 million disbursement for Guinea amid coronavirus economic turbulence

The International Monetary Fund (IMF) has approved $23.5 million disbursement for Guinea amid coronavirus economic instability. The approval brings total disbursements...
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