The African Development Bank, AfDB Group’s Board of Directors has approved 24, fast-track programs to help Africa mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate.
Mr Jean-Claude Brou, President of the Economic Community of West African States (ECOWAS) Commission, has said that the community has resumed convergence to launch the ECOWAS single currency “ECO” in.
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.
Nigeria plans to set up a healthcare fund to cover up to 83 million poor people who cannot afford premiums for insurance schemes, President Muhammadu Buhari said at the signing.
The International Monetary Fund (IMF), and Niger have reached a staff-level agreement on a first programme review that will allow for disbursement of about $53 million if approved in June,.
The Kenyan Economy is seen as the third-largest economy in Africa after Nigeria and South Africa. The government is generally investment-friendly and has passed several regulatory reforms to ease foreign.
