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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.

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Senegal boats

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.

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Uganda sunset

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.

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Cape Town Sunset

World Bank Reports Declining Global Economic Growth

A recent World Bank report has highlighted that global economic growth is slowing. This slump in global economic growth has been attributed to the COVID-19 pandemic, war in Ukraine, and the resulting effects on food, fertilizer, oil prices, and more.

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Empty streets because of the recession

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.

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Morocco construction

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.

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