AFZO 4th annual meeting in addis ababa

Senior EBRD delegation visiting Morocco to discuss joint cooperation projects

A senior delegation from the Board of Directors of the European Bank for Reconstruction and Development (EBRD) started Monday a five-day working visit to Morocco. The visit is part of a regular series of consultations that enable EBRD Board Directors to discuss local economic priorities and maintain close dialogue with the authorities and the private […]

IMF revises Sub-Saharan countries’ 2019-2020 growth forecasts

The International Monetary Fund (IMF) in a report released on Wednesday announced that the economy of Sub-Saharan countries should rise this year. In its World Economic Outlook Update, titled ‘A Weakening Global Expansion’, the Washington-based Fund indicated that economic growth in Sub-Saharan Africa should pick up in 2019, forecasting a 3.5 per cent growth for […]

Kenya’s economy powers ahead to overtake Angola, as Ethiopia stretches its lead

The size of Kenya’s economy will overtake that of Angola, Africa’s leading oil producer, this year even as Ethiopia stretches its lead, according to the projection presented in the International Monetary Fund’s (IMF) latest World Economic Outlook. The IMF projects Angola’s gross domestic product (GDP) to shrink during the period, hence catapulting Kenya, whose economy […]