The African Development Bank (AfDB) has raised a US$3bn 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
Finance
AfDB to provide policy-based operation to boost Somalia’s economy
Arrears on loans owed by Somalia to the African Development Bank (AfDB) Group have been cleared following the payment in full of US$122.55mn by the governments of the UK and the European Union
C20 calls on G20 leaders to respond to labour market changes
Following the ongoing global challenges, G20 leaders need to uphold the principles of human rights, civic engagement and democracy, according to Civil Society 20 (C20), one of the eight official Engagement Groups of the G20
African finance ministers call for coordinated COVID-19 response
African finance ministers met on 19 March in a virtual conference to exchange ideas on the efforts of their respective governments in dealing with the social and economic impacts of COVID-19
Central Bank of Nigeria adjusts foreign exchange market, unifies rates
The Central Bank of Nigeria (CBN) has tinkered with the country’s exchange rate, and in the process, unified the previous various exchange rates