In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (AfDB), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country
Finance
Sudan joins UN alliance to drive financial inclusion and transparency
Sudan has joined the United Nations-based “Better Than Cash Alliance” and announced commitment to accelerate digital payments, improving financial inclusion and transperancy throughout Sudans vast territory
World Bank: Tanzania can seize opportunities to mitigate negative effects of COVID-19
Notwithstanding Tanzania’s strong growth performance in 2019, its economy will also suffer the effects of the COVID-19 pandemic and global economic crisis, according to a World Bank report
Boosting sub-Saharan Africa’s economic growth and jobs
Sub-Saharan Africa’s policies should focus on increasing agricultural output and strengthening households’ ability to withstand shocks, crucial for reducing inequalities while boosting economic growth and jobs, according to International Monetary Fund (IMF)
Ecobank and Google to offer digital solutions to African SMEs
Ecobank Group has partnered with Google to help African SMEs equip with the necessary digital skills for the rapidly evolving business world