Page 29 - Afdb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

AfDB has suggested a series of fiscal and monetary policy interventions to stabilise economies and hasten recovery.

Farmers in Africa will need as much as $65 billion in loans annually to produce enough food to curb imports and cushion their economies from external shocks.

Africa's economic growth will stabilise at 4% over the next two years, and inflation will slow as the continent rebounds from a pandemic-induced slump and external shocks including the Ukraine war, according to the African Development Bank (AfDB). While Africa avoided some of the worst health impacts of the COVID-19 pandemic, many countries were hit hard by the economic fallout.

Works and Transport Minister Gen Katumba Wamala told Parliament that Uganda was treading carefully with China after detecting danger in Beijing’s “indecent proposal”

Of late, global economic growth has been moving at snail’s speed owing to several factors ranging from soaring interest rates, rising inflation, reduced investment, as well as supply disruptions occasioned by the Russo-Ukraine...