The Board of Directors of the African Development Bank approved a 40 million USD financial package to support Angola’s Banco Millennium Atlântico to bolster local production and job creation through its portfolio... Read more »
The World Bank approved 273 million USD in International Development Association (IDA) financing for Togo, Benin, Burkina Faso and Niger to facilitate access to services for millions of people, especially women and... Read more »
A new wave of billions of locusts is set to devour crops across the East and Horn of Africa region, setting off concerns about regional food security and livelihoods of millions of... Read more »
As Sub-Saharan African economy is waking up to its first recession in 25 years due to COVID-19, Ethiopia faces an imminent economic crisis in which experts say could be eased if the... Read more »
The UN-backed government in Libya says it has gained significant territory in fighting west of the capital, Tripoli. A government spokesman said its forces had re-taken the coastal towns of Sabratha and... Read more »
The International Monetary Fund has approved immediate debt service relief for 19 African countries for an initial period of six months to enable them to channel financial resources towards dealing with the... Read more »
The African Development Bank Group announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic, according to Africa Development Bank. The Facility is the latest... Read more »
ADDIS ABABA (FBC) – April 4, 2020 Convened by President Cyril Ramaphosa, leaders of Ethiopia, Rwanda, Senegal, Egypt, Zimbabwe, DRC and Kenya held teleconference yesterday. African Union Commission Chairperson, Moussa Faki Mahamat,... Read more »
African Finance Ministers call for coordinated COVID-19 response to mitigate the adverse impact on economies and society, according to Africa Union. African Finance Ministers met in a virtual conference to exchange... Read more »
The United Nations World Food Programme (WFP) has welcomed a 3.5m/n USD contribution from the European Union, which will help provide lifesaving assistance to the most vulnerable people affected by hunger... Read more »