On 17 June 2022, Ethiopia’s Ministry of Finance announced that the World Bank had approved a large-scale grant for Phase 2 of Ethiopia’s Groundwater Resilience Project. The World Bank grant totals $210 million.
Africa’s top countries in finance: 2022/2023
Africa is a land of opportunities. Africa’s population is set to increase by 25 percent over the next 10 years. The best time to invest in Africa is Now! ABiQ outlines Africa’s top countries in finance.
IMF Releases Immediate Financial Assistance to Senegal
The International Monetary Fund (IMF) has approved the immediate release of approximately US$215.78 million (SDR 161.82 million) in financial assistance to Senegal. This financial assistance is provided to support the country’s economic recovery, in the wake of the COVID-19 pandemic.
Enhancement of Governance and Enabling Environment in the ICT sector Launched
Five regional economic communities in the Eastern and Southern Africa and Indian Ocean regions (EA-SA-IO) will benefit from the Enhancement of Governance and Enabling Environment in the ICT sector (EGEE-ICT) programme.
Uganda’s Economic Outlook: Uganda’s 2022/2023 Budget
The Ugandan government has set out its 2022/2023 budget, outlining fiscal priorities for the coming year. Matia Kasaija (MP), Minister of Finance, Planning and Economic Development of the Republic of Uganda, delivered the FY 2022-2023 budget speech on 14 June 2022.
African Economic Outlook 2022 Insights
The African Development Bank (AfDB) Group has released its flagship African Economic Outlook report. The report focuses on reassessing the effects of the COVID-19 pandemic, and the war in Ukraine, on African economies, energy transition and climate change in Africa.
African Development Bank Provides Additional Financing to Morocco
The African Development Bank (AfDB) has provided additional financing to Morocco. This additional funding has been prioritized and ringfenced for the projects related to the extension and modernization of the airport of Rabat-Salé and construction of the port of Nador West Med.
Ongoing Infrastructure Investments in Africa in 2022
Ongoing infrastructure investments in Africa currently account for more than $1.15 trillion, according to the ABiQ intelligence platform. These ongoing infrastructure investments include:
The African Fertilizer Financing Mechanism (AFFM) supports farmers in Ghana
A June 2022 African Development Bank (AfDB) press release has revealed that the African Fertilizer Financing Mechanism (AFFM) is providing a partial trade credit guarantee of $2 million to ETG Inputs Ghana Limited.
Infrastructure Investments in Nigeria and South Africa
ABiQ provides a comparative overview of infrastructure investments in Nigeria and South Africa. Nigeria’s ongoing or current investment in infrastructure is approximately $138,193 million.
Upcoming Infrastructure Investments in Morocco: 2022
Morocco, situated in North Africa, is abuzz as can be seen by the upcoming infrastructure investments. ABiQ analyzed business intelligence data and uncovered that energy and power projects dominate upcoming infrastructure investments across the country in 2022.
Infrastructure Investments in Ethiopia
The African Development Bank is catching up with the World Bank Group in infrastructure financing in Ethiopia, according to data from ABiQ.
CoM 2022: Experts call on ECA to support extension of African debt service suspension initiative
The 54th session of the annual Conference of African Ministers of Finance, Planning and Economic Development (CoM 2022) was held in Dakar, Senegal.
Migrant Children Protected Through New Strategic Collaboration Framework (SCF)
On May 18, 2022, the International Organization for Migration (IOM) and UNICEF signed a new Strategic Collaboration Framework (SCF) that aims to uphold and protect the rights of migrant children.
ExxonMobil Foundation Donates To Women’s Entrepreneurship Training Programme in Mozambique
The ExxonMobil Foundation has renewed its funding for the Business Women Connect (BWC) programme in Mozambique. The Business Women Connect (BWC) programme focuses on business training and has, so far, helped more than 1,000 women in Mozambique enhance and upscale their entrepreneurial skills.
The great unbanked: Why investing in financial services in Africa will enable more than just financial empowerment
It is estimated that roughly 50 percent of the Sub-Saharan African population remains unbanked. Further, approximately 30 percent still lack a form of identification. Nearly 60 percent of the continent has no access to Internet connectivity, leaving many people without basic access to financial services.
What are the key development areas in Nigeria?
Nigeria is Africa’s largest oil exporter and biggest economy. In 2021, Nigeria’s GDP amounted to 441.5 billion U.S. dollars, the highest GDP in Africa. Nigeria is number 28 in the world in terms of GDP size, and yet the country has the highest number of people living in poverty.
The South African employment landscape: 2022
Poverty is a major challenge that affects the South African economy and the country’s people. Despite significant reforms and government-led improvements, progress is still stagnant. The population percentage below the upper-middle income-country poverty line fell from 68 per cent to 56 per cent between 2005 and 2010.
Why invest in Africa? Answering the top questions about investing in Africa
Africa is a land of opportunities. Africa’s population is set to increase by 25 percent over the next 10 years. Africa’s population is expected to grow from 1.340 billion in 2020 to 1.617 billion by 2030 resulting in a demand for more infrastructure. This population growth across Africa will further expand a huge market with many opportunities.
Top 5 Oil and Gas Projects across Africa: 2022
ABiQ outlines Oil and Gas projects across Africa for 2022. Africa’s rich inheritance of oil and gas resources is set to catalyse massive growth across the continent. Africa alone has produced approximately 8% of the total oil produced in the world. Here are some of the major ongoing and upcoming oil and gas projects in Africa.
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