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AU chairman Solicits ‘Comprehensive Stimulus Package’ for Africa

President Cyril Ramaphosa of South Africa on Tuesday solicited a comprehensive stimulus package for Africa to enable its recovery from the COVID-19 pandemic. Ramaphosa made the appeal in his pre-recorded video statement to the virtual General Debate of the United Nations General Assembly in New York. Speaking in his capacity …

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Africa’s Trade Finance Gap Hits US$81bn in 2019–Report

There is an urgent need for financing to reenergize Africa’s trade in the wake of the COVID-19 pandemic, according to the latest trade finance report released jointly by the African Development Bank and the African Export-Import Bank. According to the report, only 40% of Africa’s trade is bank-intermediated – a far …

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