The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of Indian Industry (CII) and its partners, officials called for Indo-African partnerships to go beyond government-to-government cooperation and promote private sector participation in order to accelerate …
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Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 percent, a rate that outstrips other African regions and is forecast to rebound to 3.7 percent in 2021, according to the African Development Bank’s East Africa Regional Economic Outlook 2020. The projection …
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An additional 49 million Africans could be pushed into extreme poverty by coronavirus pandemic and its aftermath, according to updated forecasts released on Tuesday by the African Development Bank (AfDB). The report, which projected West and Central Africa to be worst hit by poverty, warned that governments and development partners …
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The Board of Directors of the African Development Fund (ADF) on 3 July approved a grant of $165.08 million to support Ethiopia’s response to the health and economic impacts of the COVID-19 pandemic, including helping to ease fiscal pressures on the economy. The grant, awarded from the country’s ADF-15 Performance-Based …
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The African Development Bank will launch its African Economic Outlook 2020 Supplement in a live Zoom event from 14.30 to 16.00 (Abidjan time) on Tuesday 7 July 2020. The COVID-19 pandemic has resulted in economic disruptions that have changed the strong growth projections the African Development Bank reported in January in the …
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