AfDB commits $168mln for SMEs and trade boost in Egypt and Nigeria
The African Development Bank (AfDB) has announced commitments of $20 million for Nigerian SMEs with FSDH and $148 million in Egypt with
Source: ecofinagency.com
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Africa's economic growth to slow in 2023, AfDB says as it slashes forecasts
Africa's economic growth will slow this year and only partially recover in 2024, the African Development Bank said on Wednesday as it slashed its GDP forecasts for the continent.
Source: sowetanlive.co.za
African Development Bank reviews Africa's economic forecast for 2023, 2024 – Opinion Nigeria
On the way forward, the update suggested that coordinated monetary and fiscal policies underpinned by a reduction in fiscal dominance would rebuild buffers against the shocks.
Source: opinionnigeria.com
AfDB Approves USD 131M Loan to Boost Egypt's Green Development
The African Development Bank (AfDB) has greenlit a significant financial injection of USD 131 million (EGP 4 billion) for Egypt. This loan is geared towards bolstering the country's recovery from the economic impact of COVID-19 and the ongoing Ukrainian conflict, both of which have strained Egypt's economy. The fund allocation is designated for rejuvenating the
Source: egyptianstreets.com
African states need new economic models amid external shocks
Assessing performance helps planners to understand output, interest rates, inflation and exchange rates.
Source: theeastafrican.co.ke