Responding to the COVID-19 impact on the Moroccan economy, European Bank for Reconstruction and Development (EBRD) has provided US$100mn loan to Banque Centrale Populaire (BCP) for on-lending to local private businesses
Finance
AfDB-funded training builds skills for Ghana’s future economy
A six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted economic competitiveness and contributed to an improvement in the quality of life of beneficiaries and a reduction in poverty, according to an African Development Bank (AfDB) report
European Investment Bank approves US$18.9bn for COVID-19 relief and economic resilience
The European Investment Bank (EIB) has approved US$18.9bn for projects across Europe, Africa, Asia and Latin America
Crown Agents Bank and Paycode pair up to better serve African unbanked
Crown Agents Bank is collaborating with Biometric payments specialist Paycode of South Africa to serve unbanked communities across sub-Saharan Africa
East Africa is Africa’s fastest growing region, despite COVID-19 disruption
Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 per cent, a rate that outstrips other African regions and is forecast to rebound to 3.7 per cent in 2021, according to the African Development Bank’s (AfDB) East Africa Regional Economic Outlook 2020