The African Development Bank has revised its short to medium-term macroeconomic forecast for Africa, for 2023 and 2024 downwards to 3.4% and 3.8%, from 4.0% and 4.3%. The slightly lower figures reflect the persistent long-term effects of COVID-19, geopolitical tensions and conflicts, climate shocks, a global economic slowdown, and limited fiscal space for African governments to adequately respond to shocks and sustain post-pandemic economic recovery gains.

African Development Bank Revises Economic Forecast for Africa downwards

The African Development Bank has revised its short to medium-term macroeconomic forecast for Africa, for 2023 and 2024 downwards to 3.4% and 3.8%, from 4.0% and 4.3%. The slightly lower figures reflect the persistent long-term effects of COVID-19, geopolitical tensions and conflicts, climate shocks, a global economic slowdown, and limited fiscal space for African governments…

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2023 CPLA: Cross-section of delegates at the ongoing 2023 Conference on Land Policy in Africa in Addis Ababa

Land governance critical to the realization of AfCFTA, say experts

Land governance regulating access, use and ownership of land is critical to the successful implementation of the African Continental Free Trade Area (AfCTA) and is needed to promote inclusive and sustainable development, experts at an African land policy conference heard. Leontine Kanziemo, the Africa Development Bank’s advisor on Natural Resources Management, told the opening session…

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The African Development Bank President, Dr Akinwumi Adesina, has submitted that the global financial architecture constrains Africa’s development, recommending five ways it can be made fairer.

5 ways to make the Global Financial Architecture fairer – AfDB’s Akinwumi Adesina

The African Development Bank President, Dr Akinwumi Adesina, has submitted that the global financial architecture constrains Africa’s development, recommending five ways it can be made fairer. Speaking at a high-level roundtable—Towards a Fair International Financial Architecture—at the 78th United Nations General Assembly last week, Adesina said the international financial architecture was not delivering the scale of…

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Africa Finance Corporation (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan facility agreement with the Export-Import Bank of China (CEXIM).

AFC secures US$300 Million Loan from CEXIM to boost trade finance in Africa

Africa Finance Corporation (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is poised to drive increased trade…

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Energy Capital & Power (ECP) (https://www.EnergyCapitalPower.com) has announced the winners of the  Angola Oil & Gas (AOG) 2023 Awards, with the awards presented during the fourth edition of the AOG conference and exhibition in Luanda, Angola.

Haliburton, other OFS Providers Call for Innovation in Decarbonizing Angola’s Oil & Gas Operations

As the upstream industry undergoes a global shift toward decarbonization, a strategic panel at Angola Oil & Gas 2023 Conference & Exhibition has called for innovation in decarbonizing Angola’s Oil & Gas Operations Angola’s leading oilfield service providers discussed how to innovate and accelerate the deployment of low-carbon technologies during the closing panel on Day…

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