Author Archives: Africa Business
IMF Executive Board Approves US$ 163.9 Million Arrangement Under the Extended Credit Facility for the Islamic Republic of Mauritania
- Board decision enables immediate disbursement of US$ 23.4 million to Mauritania.
- Mauritania’s ECF-supported program aims to address the challenges of economic growth, stability, sustainability, and poverty.
- Reforms will seek to create fiscal space for social spending and infrastructure through revenue mobilization and expenditure prioritization, as well as to modernize the monetary policy framework and maintain financial stability.
On December 6, 2017, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) with Mauritania for SDR 115.92 million (about US$ 163.9 million, or 90 percent of Mauritania’s quota) to support the country’s economic and financial reform program.
Series C funding round brings the total amount raised to $220m
Images of a slave auction led to urgent meetings and an emergency plan during the recent Africa-Europe summit
All is set for the 2017 Programme for Infrastructure Development in Africa (PIDA) Week which takes place from 10 to 14 December in Swakopmund, Namibia, on the theme, “Regional infrastructure development for job creation and economic transformation.”
The saying “don’t put your eggs in one basket” should be every investor’s mantra. Anyone who has felt the pain of investing in a single stock or sector just before it crashed knows the danger of ignoring this advice all too well.
Behavioral economics guru, Richard Thaler — this year’s Nobel Prize laureate in economics— has showcased that people are economically imperfect. Since humans are irrational we don’t fit neatly into economic models; we have cognitive limitations, social preferences, or, dare it be said, big problems with self-control.
The fourth Senior Experts Dialogue on Science, Technology and the African Transformation Agenda ended in Dakar Friday with experts making concrete recommendations for consideration by policy makers, universities, regional and continental organizations on how to align higher education policy with science, technology and innovation (STI) and industrial policies to support the transformation of Africa’s economies in line with the continent’s integration and development agenda.
Near native performance will become a reality in 2018 thanks to ongoing improvement of development tools for multiplatform applications. This is according to Cassie Lessing, CEO, Strato IT Group, a business application specialist, who says that the intent of multiplatform apps is to provide users with a similar experience irrespective of the device they use: “There is still some work to be done in this respect, but we can expect the gap to be closed completely within the next few years as multiplatform overtakes native mobile app development in the race to win the customer.”
Over 600 million people currently do not have access to energy in Africa, a situation the ECA Chief says cannot be allowed to continue