The Nigeria Stock Exchange (NSE) Insurance Index, which tracks insurance stocks, recorded the highest gain of 29.77 percent in January 2021 as insurers rallied on the back of suspension of the insurance industry recapitalisation exercise. The federal government had in December 2020, through the National Insurance Commission (NAICOM), suspended the...
Over the last decade, Sub-Saharan Africa (SSA) has experienced historically high economic growth rates. The region has made significant social progress too. These gains have largely been driven by favourable commodity prices, financing conditions and improvement in macroeconomic management. However, the high growth rates have not been sustained for long...
With other development finance institutions, the Bank plays a critical role in financing electricity projects Kindergarten teacher Fatima Zahera Hagou recalls that just a generation ago, when the sun went down over the Moroccon countryside, her rural village of Dar Laain ground to a halt and locals bedded down for...
Rwanda is renowned as a pioneer for gender equality
In 2020, it was the only African country ranked in the top 10 of the World Economic Forum’s Global Gender Gap Report. It ranked in the top four in the Report’s political empowerment category, in recognition of the high proportion of Rwandese...
The International Monetary Fund (IMF) Executive Board has approved an immediate debt service relief to 25, including 19 African countries, of the IMF’s member countries under the fund’s revamped Catastrophe Containment and Relief Trust (CCRT). This relief programme forms part of the fund’s response to help address the impact of...
