Breaking News

Business

Namibia Adheres to the International Monetary Fund’s Enhanced General Data Dissemination System

imf

Namibia has implemented the recommendations of the Enhanced General Data Dissemination System (e‑GDDS)—endorsed by the IMF Executive Board in May 2015—by disseminating a National Summary Data Page (NSDP). The page serves as a one‑stop publication vehicle for essential macroeconomic data—in both human and machine‑readable formats. It is now posted on the websites of the Namibia Statistics Agency, the Bank of …

Read More »

Development Bank of Rwanda secures Rwf1.5bn guarantee fund for SMEs

Bank of Rwanda

Development Bank of Rwanda (BRD) has signed a Rwf1.5 billion guarantee facility with the African Solidarity Fund to support development projects in different sectors of the economy. The BRD chief executive, Alex Kanyankole, said the facilitate will be used to support small-and-medium enterprises (SMEs) with medium to long-term projects in the real estate, energy, and education sectors. He added that …

Read More »

Black entrepreneurs urged to participate fully in the economy

Trade and Industry Deputy Minister Mzwandile Masina

By – SAnews.gov.za Pretoria – While government is committed to accelerating the active participation of black people in the economy, it has urged black entrepreneurs to fully partake in the economy. Speaking on behalf of Trade and Industry Deputy Minister Mzwandile Masina, acting chief director of the Black Industrialists Programme Takalani Tambani, said government is promoting the creation of black …

Read More »

2016 Global Entrepreneurship Summit Delegate from Angola

ges

The United States Embassy in Luanda is happy to announce that Mr. José Carlos Fernandes dos Santos, an Angolan entrepreneur, will attend the Global Entrepreneurship Summit (GES) in Palo Alto, California June 22-24. He will be joining more than 700 entrepreneurs from around the world along with investors, speakers, and leaders in the entrepreneurship space. Mr. Fernandes dos Santos is …

Read More »

HEC Paris to present the prize for the HEC African Women Leaders Award for Corporate Social Innovation

hec paris

HEC Paris will attribute the HEC African Women Leaders Award for Corporate Social Innovation at the Women’s Forum that will take place in Mauritius on 20 and 21 June. This prize will honor an African woman leader for her social commitment. The prize will be awarded by her Excellency Mrs. Ameenah Gurib Fakim, President of the Republic, Mrs. Jacqueline Franjou, …

Read More »

IMF Executive Board Completes Seventh and Eighth Reviews under Malawi’s ECF Arrangement and Approves US$ 76.8 Million Disbursement

imf

IMF Executive Board Completes Seventh and Eighth Reviews under Malawi’s ECF Arrangement and Approves US$ 76.8 Million Disbursement. The Executive Board of the International Monetary Fund (IMF) today completed the seventh and eighth reviews of Malawi’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement1. The Board’s decision enables the immediate disbursement of the equivalent of …

Read More »

IMF Staff Starts Discussions with the Beninese Authorities on a Possible Program

imf

At the request of the government of Benin, a team from the International Monetary Fund (IMF), led by Christine Dieterich, Mission Chief for Benin, visited Cotonou from June 6 to 18, to start discussions with the authorities on a possible three-year economic program supported by the Extended Credit Facility (ECF) arrangement.[1] Ms. Dieterich issued the following statement at the end …

Read More »

Dar es Salaam to launch Uber

uber

Dar es Salaam joins the growing list of smart African cities to offer Uber. Today, Dar es Salaam becomes the 475 city to join in Uber’s growing global network (https://www.Uber.com). With the launch of Uber, an innovative technology platform, Dar es Salaam joins the list of smart transportation hubs in Africa. Following the success of Uber in many other cities, …

Read More »

World Bank to loan Kenya 1.1 billion dollars for northern region

world bank kenya

Kenya will get a World Bank loan of $1.1 billion for infrastructure projects in the country’s arid northern region, the bank’s vice president for Africa said. The loan is the latest in series to Kenya, which amount to $5.5 billion, excluding the new package. Also Read: Fuel prices up in monthly ERC reviews “It is an unprecedented financial commitment to …

Read More »

African Union set to launch e-Passport at July Summit in Rwanda

auc

The African Union (AU) is prepared to launch the electronic passport (e-Passport) at the next AU Summit tabled to take place in Kigali, Rwanda, in July 2016. This flagship project, first agreed upon in 2014, falls squarely within the framework of Africa’s Agenda 2063 and has the specific aim of facilitating free movement of persons, goods and services around the …

Read More »