GHANA EXPERIENCES A 8.8% DECREASE IN INFLATION RATE IN ONE MONTH

According to Ghana's statistics service, the consumer inflation rate experienced a substantial decline from 35.6% in October to 26.4% in November, marking a notable...

UN URGENT FUND OF $46 BILLION TO HELP HUMANITARIAN CAUSES WORLDWIDE

The United Nations (UN) has projected that by 2024, a staggering 300 million people across 72 countries will require urgent humanitarian assistance due to...

AfDB APPROVES $15M FUNDING FOR NMB BANK ZIMBABWE TO BOOST SME SUPPORT

The African Development Bank (AfDB) sanctioned a $15 million fund for NMB Bank Zimbabwe to aid local businesses, specifically small and medium-sized enterprises (SMEs)....

WORLD BANK LOWERS SOMALIA’S ECONOMIC GROWTH FORECAST TO 2.8%

The World Bank has decreased its earlier prediction for Somalia's economic growth in 2023 to 2.8 percent, down from the initial estimate of 3.6...

ICT CONTRIBUTION TO NIGERIA’S GDP DECLINE FROM 19.54% IN Q2 TO 16% IN Q3 2023

The contribution of Information Communication Technology (ICT) to Nigeria’s real Gross Domestic Product (GDP) has declined from 19.54% in Q2 2023 to 16% in...

KFW DEVELOPMENT BANK, 65 FINANCIAL INSTITUTIONS TO SUPPORT NIGERIA MSMEs AND RENEWABLE ENERGY

Respite is on the way for Nigeria’s Power sector and MSMEs, as the KFW Development Bank and not less than 65 Financial institutions commit...

KENYAN PRESIDENT, WILLIAM RUTO, UNVEILS PLAN TO PRIVATIZE STATE-OWNED ENTERPRISES

Kenyan President William Ruto has announced plans to privatize 35 underperforming state-owned companies. Ruto, addressing concerns about bureaucratic hurdles hindering productivity, highlighted that approximately...

NIGERIA AND ARGENTINA FORGE STRATEGIC PARTNERSHIP IN GAS EXPLORATION AND PRODUCTION

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled plans for a collaborative venture with Argentina in the realm of gas exploration and production....

AfDB POISED TO PIONEER MULTILATERAL HYBRID NOTE ISSUANCE

The African Development Bank (AfDB) is on the verge of becoming the first multilateral lender to venture into the issuance of hybrid notes. Omar...

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