IMF DEPUTY MANAGING DIRECTOR MITSUHIRO FURUSAWA

OCP reports $2.67 Bln earnings in 1st Quarter 2022

The revenues of the Moroccan state-owned phosphate group OCP reached $2.67 billion in the first quarter of 2022, up from $1.59 billion reported the same period last year. The record results achieved by OCP in 2021 have continued in the first quarter of 2022, driven by strong market conditions and operating efficiencies, says the OCP […]

Ethiopia eyes 3 million jobs in 2019-20; Economic growth expanded 9.2% in 2018-19

Ethiopia plans to create about 3 million jobs in the 2019-2020 fiscal year. The announcement was made by Prime Minister Abiy Ahmed while he was presenting the country’s annual report to the House of Peoples’ Representatives at the national parliament. In his address, he raised issues on sustaining economic development and peace and security, as […]

Rwanda to build Africa’s first green city

Rwanda plans to build Africa’s first green city, located on the outskirts of Kigali to provide fully sustainable infrastructure, green spaces and housing for low-income people. The ambitious project worth $5 billion is seen as the materialization of the “Wakanda”, in reference to Black Panther, a movie which depicts “Wakanda”, a fictional African city in […]