As various countries contend with a second wave of COVID-19 outbreaks, many emerging markets are pinning their hopes on a vaccine that will allow them to confidently reopen their economies without the fear of health services being overwhelmed.
With 20m people infected globally and 735,000 virus-related deaths as of August 10, it...
The post COVID world has been observing massive heights in product price/inflation. However, it remains a grey area if the trajectory is long or short. Let’s first go through detrimental aspects of inflation in terms of the economic environment, global supply chain, policy regulations, demand factors, cost-push factors, rising...
The International Monetary Fund (IMF) was established to ensure global economic stability. This is done by providing financial assistance to countries facing economic difficulties.
In recent years, the IMF has been involved in providing bailouts to several African countries that are struggling with their economies. The IMF bailout comes with...
The CTBT: Science and Technology Conference (SnT2023) wrapped up on 23 June 2023 after bringing together over 2,000 scientists, technologists, academics, and journalists, as well as Member State and civil society representatives from around the world.
The week-long biennial event, held at Vienna's historic Hofburg Palace, offered both in-person and...
Building on post-Soviet relations with Africa, Russia has been struggling for strategies on how to establish economic footprints, promote investment and deepen cooperation in Africa. Despite the road map adopted at the end of the first Russia-Africa summit held in October 2019, little has been achieved since then.
Late September,...
The food and beverage market in sub-Sahara Africa (SSA) is projected to grow by US$1trillion in value by 2030, according to World Bank.
While this presents a huge growth potential, the industry in Ghana remains largely import dependent, with few big players along the production and processing value chain.
But for...
The African Development Bank is pleased to announce the appointment of Ms. Aissa Touré as Country Manager for Rwanda
An economist and development expert, Aissa Touré, the Country Manager designated for Rwanda, a Senegalese national, brings to the Bank over 25 years of experience, working in three continents and 12...
Was INTERPOL System Exploited?
It is now more than 230 days since the prominent Caracas-based businessman and diplomat Alex Nain Saab Moran was detained on the island of Sal, which is one of the ten main islands which make up the Republic of Cape Verde.
Saab is the subject of sanctions...
The ECOWAS Bank for Investment and Development (EBID) has granted a line of credit of €10 million to Vista Bank Guinea to support the financing and promotion of SMEs and SMIs in the Republic of Guinea.
The facility agreement was signed by Dr. George Agyekum DONKOR, President and Chairman of...
The first quarter of 2021 ended on a great note as two African fintech businesses gained unicorn status, a rare fit amidst a ragging global pandemic which is finally being aggressively tackled by the speedy supply of much-needed vaccines. Such is the African story – a trail of surprises...