The African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.
The International Monetary Fund (IMF) says that Botswana’s economic growth will pick up in the near-term mostly driven by the mining sector.
By Guy Ryde- The human dimensions of the COVID-19 pandemic reach far beyond the critical health response. All aspects of our future will be affected – economic, social and developmental. Our response must be urgent, coordinated and on a global scale, and should immediately deliver help to those most in need.
On Wednesday March 25, 2020, the World Bank Group (WBG) and International Monetary Fund (IMF) have issued the following joint statement to the G20 concerning debt relief for the poorest countries:
The international community is developing policy measures and actions to help the people most vulnerable to drought to take early action to avoid loss of life, and the heavy and growing losses of livelihoods and damage to property and ecosystems following droughts.
The Executive Board of the International Monetary Fund (IMF) approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Somalia in the amount of SDR 292.4 million (about US$395.5 million or around 179 percent of quota).
Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union.
Standard Bank South Africa is moving its core SAP Cloud Platform services to Microsoft Azure to significantly improve the experience customers have with the bank, while enabling it to introduce new solutions to market more efficiently.
The African Development Bank and the Association for the Development of Education in Africa (ADEA) have called for stronger links between technical and vocational education and training and industry to equip young people with the skills they need to boost technological advancement, trade and growth in Africa.
The Next Einstein Forum (NEF) today announces the 25 finalists for its Challenge of Invention to Innovation (Ci2i) competition in five categories to be held on 10-11 March 2020 in the NEF Innovation Salon.