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US wants strict conditions on coronavirus aid for 'countries like Zimbabwe' | Fin24
Zimbabwe needs aid estimated to run into billions of dollars. It was granted US$7 million by the World Bank on 6 May 2020. But the US has misgivings.
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Source: https://www.news24.com
‘Don’t expect government to do everything’, says Mboweni
In another series of late night tweets, on Tuesday, 1 September 2020, Mboweni emphasised the importance of all relevant stakeholders coming together and playing a role in greater economic value chain
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Source: South African News | Online News | The South African
Pension funds tax: Panic or hunt for revenues?
Proposal risked eroding stimulus packaged to ease the adverse impact of coronavirus on economy.
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Source: Business Daily
Sponsored by National Association of Black Accountants (NABA) Boston Metropolitan Chapter
Socialism in Africa and African Socialism
At independence, African countries had to decide what type of state to put in place, and between 1950 and the mid-1980s, thirty-five of Africas countries adopted socialism at some point.1  The leaders of these countries believed socialism offered their best chance to overcome the many obstacles
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Source: ThoughtCo
Tunisian Tax System Favours Most Inequitable Forms of Taxation (Oxfam Report)
Tunis/Tunisia — The Tunisian tax system favours the unfairest forms of taxation, penalises the country's middle and lower classes, in addition to depriving the state of significant income, this is the finding made by the report published Wednesday by the anti-poverty organization
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Source: allAfrica.com
COVID-19 means fewer condoms in Zimbabwe | Afro
Family planning supplies and contraceptives are sold out or inaccessible as the Zimbabwean government continues to battle
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Source: Afro | The Black Media Authority-0
Nigeria: Exclusive - AfDB 'Whistleblower' Allegations Against Me False - Adesina
The president of the African Development Bank Group (AfDB), Akinwumi Adesina, told the bank's ethics committee that allegations of impropriety and fraud against him were "frivolous and not based on objective and solid facts", his defence obtained exclusively by PREMIUM TIMES
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Source: allAfrica.com
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AfDB Launches Independent Investigation into its President | Africanews
The African Development Bank (AfDB) announced Thursday evening, the launch of an independent investigation into allegations of prevarication against its president, Nigerian Akinwumi Adesina, the only candidate for re-election to a new
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Namibia: 100 Finalists for Ideathon #AfricaVsVirus Challenge Announced
The African Development Bank this week announced the 100 finalists from the #AfricaVsVirus Challenge ideathon to find solutions to challenges raised by the COVID-19 pandemic in
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Source: allAfrica.com
World Bank approves $55m grant for Somalia
The World Bank Board has approved a $55 million International Development Assistance (IDA) grant for Somalia to fast track economic recovery and policy
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Source: The East African
Rwanda Receives a Further U.S.$111 Million From IMF
Rwanda will receive a further $111.06m from the International Monetary Fund as part of the Rapid Credit Facility (RCF) to support recovery amidst the Covid-19
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Source: allAfrica.com
Alassane Ouattara
Alassane Ouattara , in full Alassane Dramane Ouattara, byname Ado (born January 1, 1942, Dimbokro, Côte d’Ivoire, French West Africa), Ivoirian economist and politician who was elected president of Côte d’Ivoire in 2010. Despite Ouattara’s victory, the incumbent, Laurent Gbagbo, refused to step
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Source: Brittanica
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Swaziland: IMF Gives Swaziland Emergency Coronavirus Loan but Is Only Half What Is Needed
[Swazi Media] The International Monetary Fund has approved a loan of US$110 million to help Swaziland (eSwatini) as it grapples with the coronavirus crisis.
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Source: allAfrica.com
Kenya: Treasury, IMF, World Bank Upbeat On Kenya's 2021 Recovery
[Nation] The economy is seen rebounding to a growth of between 4.7 and 6.9 per cent in 2021 from barely a percentage growth this year, offering hope to millions of households which were plunged into poverty by the devastating shocks of Covid-19 containment measures.
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Source: allAfrica.com
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Lesotho’s new leader faces enormous hurdles ensuring peace and political stability
Tom Thabane (81), the embattled veteran Lesotho politician, has finally bowed to pressure to resign as the Prime Minister of the politically volatile southern African nation of
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Source: https://www.news24.com
Africa: United States and the African Development Bank
It also critically examines inequalities between the global North and the global South, the growing influence of China's trade relations with Africa and, more importantly, it unpacks the deeply absorbed capitalist globalised hierarchies and the deep structures of racial thinking in the emerging
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Source: allAfrica.com
Sponsored by National Black MBA Association (NBMBAA) Boston Professional Chapter
Local debt grows with Sh106bn Bretton Woods loan
Given Kenya’s classification as a lower middle-income country, the loan comprises a Sh79.5 billion credit from the International Development Association (IDA) and Sh26.5 billion from the International Bank for Reconstruction and Development
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Source: Daily Nation - Breaking News, Kenya, Africa, Politics, Business, Sports | HOME
Africa: Sub-Saharan Africa - A Cautious Reopening
[IMF] Washington, DC - The regional outlook has deteriorated sharply since the April 2020 Regional Economic Outlook report release. Sub-Saharan Africa's economy is now expected to contract by 3.2 percent in 2020; double the contraction expected in April. This will contribute to poverty increase
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Source: allAfrica.com
Sponsored by Concerned Black Men of Massachusetts
Africa: Why the World Needs to Ensure Wild Species Are Used Sustainably
Recognising the value of wild species will both support rural livelihoods and provide important incentives for their sustainable
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Source: allAfrica.com
Sponsored by Massachusetts Black Lawyers Association (MBLA)
Africa: Youssef - Continent Bears the Brunt If African States Live in War and Poverty
[East African] Patrick Youssef, the International Committee of the Red Cross Director of Operations for Africa, spoke to Fred Oluoch about the challenges on the continent
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Source: allAfrica.com
Ibrahim Babangida
Born in northern Niger state, Babangida received military training in Nigeria, India, Great Britain, and the United States. He rose through the ranks and was known for his courage—he played a major role in suppressing an attempted coup in 1976 when he walked into a rebel-held radio station
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Source: Brittanica
Pandemic may push 50 million Africans into extreme poverty - AfDB
Nearly 50 million Africans could be driven into extreme poverty in the economic fallout of the coronavirus pandemic, says the AfDB.
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Source: South African News | Online News | The South African
Sponsored by Christo Rey New York High School
IMF describes COVID-19 pandemic as a 'crisis like no other' for Caribbean | New York Carib News
The International Monetary Fund (IMF) on Friday said the economic impact of the coronavirus (COVID-19) pandemic on the Caribbean has been “massive”, particularly for tourism-dependent countries in the region, but that lower commodity prices were also having a “major impact” on Caribbean commodity
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Source: The New York Carib News
Zimbabwe's security forces sideline government as economy crashes
Zimbabwe’s security force leaders sidelined the nation’s economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situation
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Source: https://www.news24.com
Morocco approves AstraZeneca/Oxford COVID-19 vaccine – Minister
Morocco’s Health Ministry on Wednesday approved the COVID-19 vaccine developed by AstraZeneca and Oxford University for emergency use, Health Minister Khalid Ait Taleb said. Morocco had announced it plans to launch a free vaccination campaign targeting 25 million people, or 80% of its
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Sponsored by Christo Rey New York High School
Uganda: 200,000 Remain Without Power As Umeme Pulls the Plug
Hundreds of customers will remain in the dark as power distributor Umeme Ltd has suspended free electricity connections under the electricity connections policy (ECP) over lack of
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Source: allAfrica.com
Sponsored by New York University
Africa: "Supporting Adesina for Second Term In U.S. Interest" - Former U.S. Executive Director to the African Development Bank, Mima Nedelcovych
Republished with permission of Pan African Visions
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Source: allAfrica.com
Sponsored by Society of Hispanic Professional Engineers (SHPE) Boston Professional Chapter
IMF approves disbursement of $143 million loan for Sierra Leone’s COVID-19 response
The government of Sierra Leone has today received approval from the IMF, for almost half the government’s $300 million it had requested from the international community a few weeks ago, in support of its COVID-19 response
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Source: SIERRA LEONE TELEGRAPH – Sierra Leone News
Nigeria: Exclusive - How AfDB Ethics Committee, Whistleblowers Clashed During Adesina's Probe
Indications have emerged that there was a mild disagreement between a group of whistleblowers and the ethics committee of the board of directors of the African Development Bank (AfDB) during the probe of its embattled president, Akinwunmi
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Source: allAfrica.com
Africa: US Undue Meddling in African Development Bank Leadership
The African Diaspora Congress (ADC) is mortified by the ongoing blatant US interference in the African Development Bank (AfDB) leadership under President Akinwumi
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Source: allAfrica.com
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