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Africa faces looming ‘debt crisis’ and ‘lost decade’, warns World Bank

Developing countries are on a “path to debt crisis” and another “lost decade”, World Bank warns in its latest annual publication, unless African and other debtor governments, private and official creditors and multilateral financial institutions agree on a quick and coordinated action to secure more support from the creditors. The 50th edition of the ‘International […]

Foresight Africa: Brookings report outlines top priorities for the continent in 2023

With numerous external and internal headwinds, it is easy to be pessimistic about Africa’s prospects, yet, time and time again Africa has proved resilient and hence also in 2023 many African countries will continue to fare well, despite the odds, says an annual report launched by Brookings Institute launched on Monday (30 January). Since the […]

Sierra Leonne: An IPP to provide solar kits to 2 million people

Independent power producer (IPP) Ignite Power has announced that it will provide electricity to 2 million people in rural Sierra Leone through solar home kits. The $50 million investment will allow the power producer to install small networks to cover the needs of households in the West African nation. They consist of a solar panel […]