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IMF Executive Board Completes Fourth Policy Support Instrument for Mozambique

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The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of Mozambique’s economic performance under the program supported by the Policy Support Instrument (PSI). [1] In completing the review, the Board also approved the modification of three assessment criteria and one indicative target for June 2015 in line with the updated economic outlook for Mozambique. The ...

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Forum to unlock potential of Gauteng economy

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By– SAnews.gov.za Pretoria – The Gauteng Province Government has launched a forum which will allow all those interested in unlocking the potential of the economy of the Gauteng City Region (GBCF) to work together. “In this forum we will be able to thrash out the detail of what is it that we need to do to create more jobs, to ...

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IMF Staff Concludes Visit to Sudan

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An IMF team led by Mr. Eric Mottu visited Khartoum from June 14-25 to discuss economic and policy developments. Mr. Lodewyk Erasmus, the IMF’s Resident Representative in Sudan, issued the following statement at the conclusion of the visit: “The IMF staff team had productive discussions with the Sudanese authorities on economic and policy developments. These discussions, including on a new ...

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Statement at the Conclusion of an IMF Review Mission to Ghana

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A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra during June 17−30, 2015 to conduct discussions on the first review of Ghana’s financial and economic program supported by the IMF’s Extended Credit Facility (ECF)[1]. The discussions covered the implementation of the program, the medium-term outlook as well as the policies needed to restore debt sustainability, ...

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Facebook opens first African office in Johannesburg

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Facebook (NASDAQ:FB) (http://www.facebook.com) has opened its first office in Africa to further the company’s commitment to help businesses connect with people and grow locally and regionally. Based in Melrose Arch, Johannesburg, Facebook’s newest business office will be headed by Ogilvy veteran, Nunu Ntshingila, the company’s new Head of Africa. Facebook is already an important part of how people and business ...

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IMF Executive Board Completes Fourth PSI Review for Uganda and Concludes 2015 Article IV Consultation

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The Executive Board of the International Monetary Fund today completed the fourth review of Uganda’s economic performance under the program supported by the Policy Support Instrument (PSI)1 and also concluded the 2015 Article IV consultation2 with Uganda. The PSI for Uganda was approved by the Executive Board on June 28, 2013 (see Press Release No: 13/239). Following the Board discussion, ...

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CDC-backed businesses in Africa and Asia create nearly 1.3 million new jobs

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CDC announces annual results – 2014 sees total return of £420m CDC Group plc (http://www.cdcgroup.com), the UK’s government-owned development finance institution, has today announced its 2014 annual results. The organisation, which invests to support the growth of businesses and create jobs in developing countries in Africa and South Asia, made 19 new investment commitments totalling £296.5m and reported a total ...

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SA: Youth summit to promote entrepreneurship

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By- SAnews.gov.za Pretoria – Deputy Minister in the Presidency responsible for Planning Monitoring and Evaluation, Buti Manamela, will this morning address the Isibalo Symposium and the Youth Enterprise Summit in Cape Town. The symposium, according to the Presidency, seeks to promote the capacity development work that Statistics South Africa has embarked on in an ongoing effort to improve the numerical ...

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Foreign direct investment in Africa at all time high

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Africa will be an economic powerhouse in the future – DHL Although the number of foreign direct investments (FDI) fell by 8.4% in 2014, capital investment into Africa surged to US$128b, a year-on-year increase of 136%, according to the recently released EY 2015 Africa Attractiveness Survey and the average investment increased to US$174.5m per project, up from US$67.8m in 2013. ...

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Tony Elumelu Foundation welcomes 1000 Pan-African entrepreneurs to $100m programme

R-L: Founder, The Tony Elumelu Foundation and Chairman, Heirs Holdings Limited, Mr. Tony O. Elumelu; CEO, Tony Elumelu Foundation, Parminder Vir; during the press conference held in Lagos on Wednesday, announcing the entrepreneurship boot camp for the 1,000 selected Tony Elumelu Entrepreneurs representing all 36 Nigerian states and 51 African countries scheduled for July 10-12 in Ota, Ogun State.

“We hope The Tony Elumelu Entrepreneurship Programme can catalyse and encourage other African business leaders to empower emerging entrepreneurs. If we all come together with requisite resources we can make a significant difference,” said Mr. Tony O. Elumelu at the press conference in Lagos today to announce the Tony Elumelu Entrepreneurship Programme (TEEP) boot camp taking place from July 10th- ...

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