Economy

Simon Mizrahi is appointed to the post of Interim Director of the Communication and External Relations Department (PCER) of the AfDB. A British national, Simon Mizrahi joined the development bank in May 2009 as head of the results management division. Previously, he worked for...

The West African Development Bank has approved three new major financing operations. The most important is a partnership with Cofina, in order to support the development of SMEs with an environmental and social impact. The Board of Directors of BOAD (West African Development Bank)...

The services company Axian and the banker Oragroup will jointly exploit digital innovations, in order to offer banking solutions to the poorest populations in Africa. This investment in financial inclusion is capturing a new audience. Pan-African groups Oragroup and Axian join forces to provide...

The African Import-Export Bank predicts a sharp decline in world trade in 2020. African trade is also expected to decline, but rebound from a low in April. Afreximbank issues a series of recommendations in favor of intra-African trade. Afreximbank published its Annual Africa Trade...

Financially, the continent presents limited risks, said a panel of economists convened by the Africa Trade Insurance Agency. The crisis has especially weakened the most fragile, which must be supported as a priority. Africa is expected to resume growth in 2021, but some countries...

World Bank urges Chad to spend more on health and education. While it welcomes the efforts undertaken, the institution encourages the acceleration of reforms, so that the country depends less on oil resources. “As in the rest of the world, since March 2020, the...

The African Development Bank (ADB) Group's Asia Field Representation Office (SNAR) and the Co-financing, Syndication, and Financial Technical Services Department (FIST) organized a webinar for the Japanese private sector on Tuesday, September 29, 2020, on the theme: "Doing Business in Africa". About 250...

Despite the slowing global economy and bleak near-term prospects, Africa's private equity industry has shown resilience in the first half of the year. The African Private Equity and Venture Capital Association (AVCA) biannual report finds that the industry has shown itself to be "resilient",...

To support this, the United Nations Conference on Trade and Development (UNCTAD); in its last report published on the evening of Monday, 28 September 2020; is categorical: "Africa is a net creditor of the rest of the world". Indeed, "… every year, the equivalent...

Ivorian President Alassane Ouattara has confirmed that the West African single currency will not be created in the coming months. While reaffirming its will to work for the creation of the eco, despite the differences between states. “We know that the eco cannot be...