Most Recent World News

We’re developing investment banks for youth-owned businesses — AfDB

African Development Bank (AfDB) says it is designing financial institutions that will invest in businesses owned by youths. Akinwumi Adesina, President, AfDB, said this on Friday at the end of.

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Private sector calls for tax uniformity across EAC

The private sector in the East African Community has proposed the harmonisation of several taxes including value-added tax, income tax and excise duty in the 2022/2023 budget, arguing this will.

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S.Africa’s central bank flags inflation as major risk to domestic financial system

On Wednesday, South Africa’s central bank said the risk of a spillover of the Russia-Ukraine war could hurt the country’s financial stability through rising food and fuel inflation, lower economic.

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Africa risks stagflation due to pandemic, Ukraine war – AfDB

Africa risks sliding into stagflation – a cycle of slow growth and high inflation – as it battles the lingering effects of the pandemic and rising fuel and food prices.

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C.A.R to Launch Bitcoin Investment Platform Called ‘Sango’

The Central African Republic’s presidency announced the establishment of the continent’s first legal Bitcoin Investment Platform called ‘Sango’, extending the impoverished country’s embrace of digital finance despite warnings from the.

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Egypt’s Suez Canal Revenue Expected to Hit $7 Billion by Year-end

Egypt’s Suez Canal is expecting revenues worth around $7 billion by the end of the current financial year. According to Egypt’s finance minister, Mohamed Maait, tourism revenues are predicted to.

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African Development Bank approves $1.5 billion emergency food facility

The African Development Bank, AfDB, has approved a $1.5 billion emergency food production facility for about 20 million farmers in Africa. The fund is expected to help avoid a looming.

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China’s Sinosteel signs $680 million iron ore mine deal with Cameroon

Cameroon’s government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited as China seeks new sources of the.

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US announces $215m food assistance to African countries

United States Secretary of State, Antony Blinken, has said that the US government would provide an additional $215 million in emergency food assistance in Nigeria, Algeria, Cameroon, Uganda, Zimbabwe, Mauritania,.

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PUBLIC VOTING FOR AFRICAN BUSINESS LEADERSHIP AWARDS (ABLA) 2022 COMMENCES ONLINE

…winners to be honoured on 4th July 2022 in London, UK Portsmouth, United Kingdom/ May 20, 2022 The African Leadership magazine has recently unveiled a shortlist of nominees for 13.

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