IMF Executive Board Completes the Second Review of the Current PLL Arrangement for Morocco and the Ex Post Evaluation of the First PLL


The Executive Board of the International Monetary Fund (IMF) concluded the second review of Morocco’s economic performance under a program supported by a two-year Precautionary and Liquidity line (PLL) arrangement and the Ex Post Evaluation of exceptional access (EPE) under the 2012-14 PLL arrangement. The current PLL arrangement was approved in July 2014. (See Press Release No. 14/368). Access under ...

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Airbnb CEO Brian Chesky Attends Global Entrepreneurial Summit in Nairobi with Presidents Obama and Kenyatta


Home Sharing Company Plans to Expand Further Across African Continent. Airbnb (, the world’s leading community-driven hospitality company, announced that its CEO, Brian Chesky will attend GES 2015 today to meet with entrepreneurs from around the world and explore the sharing economy’s impact and expansion, particularly on the African continent – which represents a huge opportunity for the company. In ...

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Stage set for growth in Tanzania

business connexion

Business Connexion positive about untapped opportunities. Tanzania has tremendous untapped potential. According to the World Bank, the economy is set to grow by an estimated 7.2% this year and the government’s significant investment in the national fibre optic cable increases business and citizen access to technology creating opportunities to leapfrog technologies. Together with the emergence of disruptive technologies, the stage ...

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GEN, Entrepreneurs’ Organization, Elumelu Foundation Join Forces to Spark Global Entrepreneurship

gen entrepreneurs

An impressive collection of organizations have come together to answer President Barack Obama’s call at the Global Entrepreneurship Summit yesterday in Nairobi, Kenya, to advance entrepreneurship and economic growth around the world. Representatives of the Global Entrepreneurship Network (GEN), Entrepreneurs’ Organization (EO) and Tony Elumelu Foundation (TEF) participated in a formal signing ceremony at the Summit, committing to lead the ...

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Advanced technology increasingly shaping Africa’s financial sector

Sumesh Rahavendra, Vice President of Sales for DHL Express Sub Saharan Africa

The African financial services industry is rapidly evolving as a result of advancing technology which is fueling innovation and growth in the sector. While the sector is mature in most developed countries, it is less saturated in Africa, therefore offering many opportunities for new market entrants to challenge the status quo of how business has traditionally been conducted. This is ...

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BOAD plans to raise USD 500 million in international markets in the final quarter of 2015

Christian ADOVELANDE, Président de la BOAD

Mr Christian Adovelande, President of the West African Development Bank (Banque Ouest Africaine de Developpement, BOAD) (, held a press conference at the BOAD headquarters in Lomé, which was attended by approximately thirty journalists representing both public and private media of WAEMU states (West African Economic and Monetary Union) as well as the international media. Discussions focused on BOAD ambitions ...

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GE Announces New $14.7 million Commitments to Build Healthcare Skills and Capacity in East Africa


Sub-Saharan Africa will need to create an average of 15-20 million new jobs per year over the next three decades to meet the current growth – GE Africa Future of Work White Paper. Today, ahead of the Global Entrepreneurship Summit in Nairobi, GE (NYSE: GE) ( announced a series of new commitments aimed at addressing some of the most critical ...

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Chinese model can help Africa rebuild continent


By- Changsha – African countries can take lessons from China on how they have managed to build a formidable nation. “As Africans we really need to learn from the Chinese how they have managed to build a formidable nation with similar cultural values which is not easy for an outsider to infiltrate,” said Tanzanian government spokesperson Assah Mwambene. He ...

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IMF Executive Board Concludes 2015 Article IV Consultation with the Republic of Equatorial Guinea


On July 20, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Equatorial Guinea. Equatorial Guinea’s recent economic performance has been weak, notwithstanding the high quality infrastructure that has been built. Overall real GDP growth has averaged about -½ percent from 2010–14, mainly driven by the trend decline in hydrocarbon production. Until recently, ...

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GeoPoll, GEN and U.S. State Department Release Survey Showing Demand for Entrepreneurship Training and Education in Africa


Survey Targets 1,000 Entrepreneurs Across Five African Countries. On the eve of U.S. President Barack Obama’s visit to Kenya for the Global Entrepreneurship Summit, GeoPoll (, the Global Entrepreneurship Network and the U.S. State Department released a survey of 1,000 business owners throughout sub-Saharan Africa on entrepreneurship in their countries.   GeoPoll surveyed 200 entrepreneurs per country in the Democratic ...

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