Economy

Georgieva names Turkish national Ceyla Pazarbasioglu as director of IMF’s strategy, policy, and review department

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), on Tuesday, named Ms. Ceyla Pazarbasioglu as Director of the Strategy, Policy, and Review Department. Ms. Pazarbasioglu is expected to assume her new role on...

IMF criticizes summary dismissal of governor of central bank of Zambia Denny Kalyalya

The International Monetary Fund (IMF) on Monday reacted to a surprising change in leadership at Zambia's central bank, saying that central banks’ operational independence and credibility should be maintained.A spokesman at the...

President Ramaphosa vows to build back South Africa better after COVID-19

President Cyril Ramaphosa on Monday vowed to build back South Africa better after the COVID-19 pandemic."We are determined that we should not merely return to where we were before the pandemic struck....

African Development Bank adopts Joe Biden’s slogan: ‘Build back Africa better’ after COVID-19

The African Development Bank has adopted Joe Biden's slogan: 'Build back Africa better' after COVID-19.The Democratic presidential candidate has countered President Donald Trump’s ‘America First’ slogan with ‘Build Back Better’ economic plan

Controversial study claims migration rises as poorest countries get richer

A controversial study is claiming that migration rises as the poorest countries get richer.The findings go against the commonly held belief that richer people prefer to stay in their countries, where they...

Africa’s economic transformation will not come from aid but trade says Ghanaian president

At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the AU Commission, reiterated the importance of the...

Speakers of African parliaments call for debt forgiveness

Some speakers of African parliaments on Monday called for debt forgiveness from multilateral and bilateral partners.The call came during a virtual meeting hosted by the speaker of the Nigerian House of Representatives...

AU vows to keep African Continental Free Trade Area on track with digital technology

The African Union has vowed to keep the African Continental Free Trade Area on track with digital technology amid COVId-19 pandemic."Since the advent of the Covid-19 pandemic, the AU Commission, like...

South Africa sets up robust team to drive post COVID-19 economic recovery

Hard work beginsSouth Africa's National Economic Development and Labor Council (NEDLAC) – comprising government, labor, business and community as social partners – has set...

African Development Bank prepares to re-elect Akinwumi Adesina as President after Trump administration failed to oust him

The iron manThe African Development Bank is set to re-elect Akinwumi Adesina as President after the Trump administration failed to oust him.

Latest News

Nigeria could shut down on Monday as more unions pledge to join strike amid increase in power and petrol prices

Africa's most populous country, Nigeria, could shut down on Monday, as more unions pledge to join...

Nigeria could shut down on Monday as more unions pledge to join strike amid increase in power and petrol prices

Africa's most populous country, Nigeria, could shut down on Monday, as more unions pledge to join a strike action amid an...

IMF has given $31 billion to 76 countries to respond to COVID-19, including over $10 billion to 47 low income nations

The International Monetary Fund (IMF) has given $31 billion in emergency financing to 76 countries in the world to respond to...

IMF says Senegalese economy severely hit by COVID-19 would rebound in 2021

The International Monetary Fund (IMF) said on Monday that the Senegalese economy, which has been severely hit by COVID-19 pandemic, would...

In moving film, UN calls for collective action to tackle global challenges, including COVID-19, racism, climate change and poverty

The United Nations, Project Everyone and 72 Films are launching “Nations United - Urgent Solutions for Urgent Times,” a first of...

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