African Export-Import Bank (Afreximbank) and the United Nations Economic Commission for Africa (ECA) have signed a Framework Agreement with the Democratic Republic of Congo and the Republic of Zambia for the establishment of Special Economic Zones (SEZ) for the production of Battery Electric Vehicle (BEV) and related services. Under the terms …
Read More »Africa Capable of Rising from COVID-19 Ashes– Experts
The 2020 African Economic Conference ended on an upbeat note on Thursday as the continent’s policymakers, leading researchers, economists and other experts called for a united approach to beating the COVID-19 pandemic. The meeting called on the private sector to take up the opportunity to fill the gap in declining …
Read More »Nigeria’s Excess Crude Account Stands At US$72.4mn
The Honourable Minister of Finance, Budget and National Planning, Zainab Ahmed on Thursday told the National Economic Council that the Excess Crude Account balance stood at US$72,409,346.76 as at 14th October, 2020. At a meeting presided over by Vice President Yemi Osinbajo, and attended by State Governors,the Minister added that …
Read More »Diaspora Remittances to Africa Could Drop by US$18bn in 2020–Report
Diaspora remittances to the African continent could drop by 21% in 2020 compared to 2019. This is according to the “Preserving remittances in the era of covid-19” report published last week by the anti-poverty organization ONE and the United Nations Economic Commission for Africa (ECA) This represents an anticipated decline …
Read More »AfCFTA Tool for Regional, Economic Integration -ECA
Africa possesses a more powerful tool in the African Continental Free Trade Area (AfCFTA) for accelerating regional and economic integration, the UN Economic Commission for Africa (ECA) has said. The Executive Secretary of the United Nations body, Ms Vera Songwe (picture), stated this on Tuesday in a virtual panel discussion …
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