Author Archives: Africa Business

IMF Staff Concludes Visit to Kenya

Kenya’s economy has continued to perform well, with real GDP growth reaching 5.9 percent in the first three quarters of 2016, up from 5.6 percent in 2015

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Regional industrialisation: when the whole is greater than the sum of its parts

The UN Economic Commission for Africa (ECA) argues that Uganda, like other African countries, needs to foster a higher level of industrial development to drive its economic transformation

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Sahan Africa: The perilous journey of the central Mediterranean route

Civil unrests and wars have always been a reason that drove people to seek asylum and refuge in other countries or even continents. These people tend to take dangerous routes and have to undergo perilous journeys. The infamous central Mediterranean route is chosen by a huge number of people despite its numerous perils.

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UN reaffirms commitment to supporting Nigeria in addressing economic recession and North-East Crisis

The Resident and Humanitarian Coordinator of the United Nations in Nigeria, Mr Edward Kallon, has reaffirmed his commitment and that of the United Nations system in Nigeria towards supporting the country’s efforts aimed at addressing current challenges such as the current economic recession and responding to the ongoing humanitarian crisis in the North-East. “I am also aware of the numerous challenges in the middle-belt and in the south of the country”, Mr Kallon acknowledged during his one-week mission (10 – 14 April 2017) to Lagos State where he engaged Lagos State government, the private sector, the media and a few Federal Government parastatals. He further committed to supporting the government in implementing the recently launched Economic Recovery and Growth Plan (ERGP).

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Dangote will be the largest exporter of rice in 5 years to come

Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021

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South Sudan: New Spate of Ethnic Killings

Government soldiers and allied militias deliberately killed at least 16 civilians in South Sudan’s western town of Wau on April 10, 2017, in what appears to be an act of collective punishment, Human Rights Watch said today. The attacks were against people presumed to support the opposition because of their ethnicity.

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IMF Staff Concludes Visit to The Gambia

With the transition to a new, democratically-elected government, The Gambia is at a historical turning point

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IMF Staff Completes Visit to São Tomé and Príncipe

Economic prospects are favorable, with growth expected to be around 5 percent in 2017, boosted by anticipated robust activity in the construction sector and tourism industry, and supported by higher inflows of foreign direct investment

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For Djibouti, Infrastructure Investment Paves Way to Regional Hub

“The authorities should advance rapidly with critical reforms aimed at translating investment into strong, inclusive, and job-creating growth,” says the IMF’s mission chief for Djibouti Eric Mottu.

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African migrants reportedly being sold in ‘slave markets’ in Libya, UN agency warns

The International Organization for Migration (IOM) is sounding the alarm today after its staff in Niger and Libya documented over the past weekend shocking testimonies of trafficking victims from several African nations, including Nigeria, Ghana and the Gambia

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Tigo Launches First State-of-the-Art Call Centre in Tanzania

Boasting the latest technology, the Call Centre complete with embedded data security measures to protect customer information and identity, has been designed to offer Tigo customers dedicated world-class service

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