Daily Archives: May 17, 2017

“Does the Trump administration even think about Africa”?

The question on how the Trump administration’s policies will impact Africa was met with mixed reaction Wednesday during a briefing at the African Utility Week Conference underway in Cape Town. read more

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First Responsible and Conflict-Free Artisanal Gold Supply Chain Operational in Eastern Congo

First Responsible and Conflict-Free Artisanal Gold Supply Chain Operational in Eastern Congo

Partnership Africa Canada (PACweb.org) today announced the Just Gold project has successfully implemented a system to trace legal and conflict-free artisanal gold in the Democratic Republic of Congo. read more

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Facebook chooses 60 finalists in Bots for Messenger Developer Challenge

Emeka Afigbo, Facebook’s Head of Platform Partnerships for the Middle East and Africa

Facebook has selected 60 finalists from the hundreds of entries it received from across the Middle East and Africa for the Bots for Messenger Developer Challenge. The Bots for Messenger Challenge is a contest to recognise and reward developers who create the most innovative new bots on Messenger. read more

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She Leads Africa launches accelerator for women-run businesses with Work in Progress! Alliance

Fresh Direct NG First Place Winner, Angel Adelaja

She Leads Africa  has just opened applications for the 2017 She Leads Africa Accelerator, a 3-month program designed to identify, support and fund the next generation of Nigeria’s brightest entrepreneurs. read more

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Botswana: Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19

IMF Staff Concludes 2017 Article IV Visit to Botswana

  • Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19. Fiscal projections envisage moderate deficits this year and the next, with surpluses thereafter.
  • Tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track record of sound fiscal management.
  • The inflation rate remained low, close to the lower band of the Bank of Botswana’s inflation objective range of 3–6 percent.

A team from the International Monetary Fund (IMF) led by Enrique Gelbard visited Gaborone from May 1-16 for discussions on the 2017 Article IV Consultation with Botswana. The discussions covered recent developments and prospects and focused on policies to support continued economic stability and promote inclusive growth. At the end of the visit, Mr. Gelbard issued the following statement: read more

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The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with China-Africa Development Fund to boost infrastructure investment and growth in selected African countries

The MoU was signed by Mr. Khaled Al Aboodi, the Chief Executive Officer and General Manager of ICD, and Mr. Shi Jiyang, President and Chief Executive Officer of CADFund

At the side lines of the landmark IsDB 42nd Annual Meeting in Jeddah, a memorandum of understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD) (ICD-ps.org), the private sector arm of Islamic Development Bank (IDB) Group and China-Africa Development Fund (CADFund) (CADFund.com), a Beijing-based private equity firm and subsidiary of the China Development Bank which focuses on Africa. read more

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World Health Statistics 2017: Almost half of all deaths now have a recorded cause, WHO data show

Almost half of all deaths globally are now recorded with a cause, new data from the World Health Organization show, highlighting improvements countries have made on collecting vital statistics and monitoring progress towards the Sustainable Development Goals (SDGs). read more

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World Bank warns about utility debt at African Utility Week in Cape Town

Power utilities increasing their borrowings to cover costs, may put these institutions on “a very dangerous slippery slope”, delegates at the Africa Utility Week Conference heard on Tuesday. read more

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