First Independent Mena Newspaper
African countries should accelerate inclusive recovery efforts to boost economic growth to eliminate the impact of the shocks caused by Covid-19, the war in Ukraine and climate change, all of which have pushed more people into extreme poverty and have increased inequality worldwide, according to Antonio Pedro, the Executive Secretary of the United Nations Economic […]
The Economic Commission for Africa (ECA) and Afreximbank have announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government (B2G) tool to help boost intra-African trade under the African Continental Free Trade Area (AfCFTA). A statement by the ECA on Friday (27 January) also noted that the ATEX platform […]
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 […]
The European Union, EU, has allocated 96 million euros for West African states to support the region to build resilience and local food production capacity in the backdrop of the ongoing crisis between Russia and Ukraine. Francesca Di Mauro, head of the EU mission to Cote d’Ivoire made the announcement Monday in capital Abidjan. She […]
There is an urgent need for global action to address the fertilizer crisis, most importantly by keeping the fertilizer market open to meet global demand and to avoid a food availability crisis, says a latest study issued by the World Trade Organization (WTO) and United Nations Food and Agriculture Organization (FAO) on 14 November. The […]
The European Union, EU, is set to grant Tunisia €100 million earmarked to help the North African country surf the impacts of the pandemic and to support the economy, the ministry of Economy and planning has announced. The financing agreement will be signed this Monday, November 14, 2022, at the headquarters of the Ministry of […]
Several officials and personalities who participated in the 14th edition of the MEDays Forum, organized by Amadeus Institute in Tangier November 2-5 have expressed support to Morocco’s territorial integrity and to the Autonomy Initiative as the sole basis to settle the Sahara issue. In this connection, Prime Minister of Antigua and Barbuda, Gaston Browne, reaffirmed […]
The African Development Bank, AfDB, has accorded $80 million credit facility earmarked to enhance food self-sufficiency and security, through securing the supply of soft wheat, barley and fertilizers. The loan deal was signed Thursday between Samir Said, Tunisia’s Minister of Economy and Planning and Mohamed El Azizi, the Director General, Regional Development and Service Delivery […]
Tunisia announced Tuesday its National Guards forces curbed eight illegal migration attempts and arrested 213 people from different regions of the country, Anadolu news agency reports. “As part of the fight against the phenomenon of illegal migration, during the night of Monday to Tuesday, maritime units of the National Guard have managed to thwart 8 […]
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]