Most Recent World News

Africa Needs 12 Million New Jobs Yearly to Stop Rising Unemployment

Africa’s general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020. But improved macroeconomic and employment outcomes.

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Africa to Grow by 4% in 2019 – AfDB

Africa’s foremost development finance institute,AfDB, has predicted a 4% economic growth in 2019. The African Development Bank launched its African Economic Outlook for 2019 in Abidjan, and it estimates that.

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Egypt Reopens Closed Ports

Five ports were reopened in Egypt on Thursday after it had shut due to bad weather as conditions improved and winds stabilized, the Red Sea Ports Authority said. Several Egyptian.

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Kenya Leads Africa’s 2019 Economic Growth

According to a poll conducted by the London-based news agency, Reuters, Sub-Saharan economies will cope with tighter global liquidity this year and grow faster than in 2018, albeit at a.

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Bank of Mozambique Strengthens Portugal and China Banks Relations

The Governor of the Bank of Mozambique (GBM), Rogério Zandamela, received a delegation from the Monetary Authority of Macau (AMCM), Banco Nacional Ultramarino (BNU), Portugal, and Bank of China (BOC),.

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Oil Revenue Rise, Libya Reduces Budget Deficit

The government of Libya budget deficit has narrowed its budget deficit to 4.6 billion dinars ($3.32 billion) in 2018 down from 10.6 billion dinars ($7.67 billion) in 2017 thanks to.

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More Oil Discovery in Ghana

Aker Energy Ghana Ltd has announced its discovery of oil in commercial quantities at the Pecan fields in the Western region of Ghana. In what seemed to be a special.

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Bank associated with President Kenyatta buys out Lender, becoming third biggest bank

A lender associated with the family of Kenya’s President Uhuru Kenyatta has stepped up its game as it seeks to position itself amongst the top three banks within East Africa’s.

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Angola is set for a Reformed Diamond Industrial Sector.

Mining in Angola is an activity with great economic potential.The country has one of the largest and most diversified mining resources in Africa. With diamonds being the second leading export.

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Massive Shake-up in Ghana’s Banking Sector

The Bank of Ghana (BoG) has announced that it has completed its banking sector reforms that spanned over a two-year period. The outcome of the ‘clean up’ has resulted in.

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