Africa risks stagflation due to pandemic, Ukraine war – AfDB
26/05/2022Africa risks sliding into stagflation – a cycle of slow growth and high inflation – as it battles the lingering effects of the pandemic and rising fuel and food prices.
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C.A.R to Launch Bitcoin Investment Platform Called ‘Sango’
25/05/2022The Central African Republic’s presidency announced the establishment of the continent’s first legal Bitcoin Investment Platform called ‘Sango’, extending the impoverished country’s embrace of digital finance despite warnings from the.
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Egypt’s Suez Canal Revenue Expected to Hit $7 Billion by Year-end
24/05/2022Egypt’s Suez Canal is expecting revenues worth around $7 billion by the end of the current financial year. According to Egypt’s finance minister, Mohamed Maait, tourism revenues are predicted to.
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African Development Bank approves $1.5 billion emergency food facility
23/05/2022The African Development Bank, AfDB, has approved a $1.5 billion emergency food production facility for about 20 million farmers in Africa. The fund is expected to help avoid a looming.
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China’s Sinosteel signs $680 million iron ore mine deal with Cameroon
23/05/2022Cameroon’s government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited as China seeks new sources of the.
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US announces $215m food assistance to African countries
20/05/2022United States Secretary of State, Antony Blinken, has said that the US government would provide an additional $215 million in emergency food assistance in Nigeria, Algeria, Cameroon, Uganda, Zimbabwe, Mauritania,.
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PUBLIC VOTING FOR AFRICAN BUSINESS LEADERSHIP AWARDS (ABLA) 2022 COMMENCES ONLINE
20/05/2022…winners to be honoured on 4th July 2022 in London, UK Portsmouth, United Kingdom/ May 20, 2022 The African Leadership magazine has recently unveiled a shortlist of nominees for 13.
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South African Central Bank eyes digital rand to cut cross-border payment costs
19/05/2022A digital rand in South Africa could cut the high cost of cross-border payments for banks, but a senior central bank official said its introduction is still a few years.
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Zimbabwe Unfreezes Bank Lending Days After Policy Change
19/05/2022The Central Bank of Zimbabwe has removed its restriction on bank lending more than a week after the government froze credit to stop speculation against the swiftly depreciating local currency..
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Rwanda pumps $150m to private sector for post-Covid recovery
19/05/2022Rwanda has unveiled an additional $150 million in funding for businesses to stimulate growth and mitigate the prolonged impact of the coronavirus pandemic on the economy. The funds, drawn from.
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