Cities in sub-Saharan Africa are experiencing rapid population growth rate, yet their economic growth has not kept pace, the World Bank Group has said. The Bank says it may be partly due to low capital investment, due in part to Africa’s relative poverty. However, the Bank is hopeful that African leaders...
With his time as leader of South Africa’s ruling African National Congress running out, President Jacob Zuma is gambling that a raft of populist measures can bolster his grassroots support and ensure his political survival. “Radical economic transformation” was the theme of Zuma’s annual state-of-the-nation address on Thursday delivered amid...
As President Donald Trump’s travel ban upended many people’s plans to come to America, fake news perpetrators saw opportunities to cash in on the news. A few days after Trump signed his executive order, a website called USA Television put up two stories. One said "Trump signs a visa-free travel...
Kenya will for the first time host the Africa Finance and Investment Forum (AFIF), the Pan-African meeting of SMEs managers, entrepreneurs, investors and government representatives which will take place from 13-16 February, 2017. The event organized by EMRC will focus on entrepreneurship and innovation and access to finance in key...
The Africa Development Bank (AfDB) has approved $69.6 million risk participation in infrastructure sector investments in Ghana, Malawi and Mozambique. The Board of Directors of the African Development Fund (ADF) approved two transport sector investment risk participations amounting to $69.6 million under its Private Sector Credit Enhancement Facility (PSF). These two...
A study has confirmed that access to credit and technology is deemed to increase crop yield among smallholder farmers in Africa. The study, which was supported by the United Nations University Institute for Natural Resources in Africa (UNU-INRA), was copied to the Ghana News Agency. The research findings, reported in the...
The Africa Development Bank (AfDB) is providing financing to SME’s in Kenya and to boost trade finance. The funding will be channelled to SMEs and local businesses in infrastructure, tradable and other transformative sector transactions in Kenya, according to a press release from the AfDB. The release notes that the financial...
Gambian President Adama Barrow, who was inaugurated in neighbouring Senegal as mediators engineered an exit deal for predecessor Yahya Jammeh, is to return to Gambia on Thursday, a senior aide said. Barrow will face the task of restoring democratic governance in the sliver-like West African country after 22 years under...
U.S. President Donald Trump is expected to sign executive orders starting on Wednesday that include a temporary ban on most refugees and a suspension of visas for citizens of Syria and six other Middle Eastern and African countries, say congressional aides and immigration experts briefed on the matter. Trump, who...
Equatorial Guinea confirmed on Tuesday it was hosting ousted Gambian leader Yahya Jammeh, who fled his country after West African troops threatened to remove him by force if he did not concede his election defeat. Information Minister Eugenio Nse Obiang confirmed that Jammeh was in the country in a statement...