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Finance ministers and IMF officials see a route out of the post-pandemic gloom but average per capita incomes are flatlining or shrinking, Africa's economies may be at a turning point should the 'right policy choices' be made according to the IMF's African Department Director Abebe Selassie. The IMF and the African Development Bank (AfDB) both forecast GDP growth at 3.8% in Africa this year although the two institutions define the states making up Africa differently.* Whichever formula is used, average incomes on the continent are barely growing in per capita terms (see accompanying graphs).
As the Global Christian Forum (GCF) concluded in Ghana this past week, the 250 participants from more than 60 countries and all streams of Christianity sent a message reflecting on their joint experience in Accra, Ghana. They had met from April 16-19 for the fourth GCF global gathering, with part of the program including a day trip to slave castles in Cape Coast where they offered a special service of lamentation.
As the Global Christian Forum (GCF) concluded in Ghana this past week, the 250 participants from more than 60 countries and all streams of Christianity sent a message reflecting on their joint experience in Accra, Ghana. They had met from April 16-19 for the fourth GCF global gathering, with part of the program including a day trip to slave castles in Cape Coast where they offered a special service of lamentation.
Economists are worried that high yields on new borrowing by developing countries are unsustainable , Several African states may have returned to the Eurobond market in recent months, but a new report by the United Nations Conference on Trade and Development (UNCTAD) has warned that the gap in borrowing costs between developing countries and wealthy states continues to widen.
MSC Cruises SA expects a full recovery from the effects of the pandemic by 2025 as travellers increasingly see cruise holidays as more affordable than other options, according to the company.
Kicking off on Earth Day, April 22, Maui Mall Village is hosting its annual Art of Trash & Trashion Show event that promotes the creative opportunities with upcycling.