The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters, as development banks face increasing pressure to find new ways to boost their lending. The G20 group of major economies has urged multilateral lenders to explore hybrid financing structures in […]
President Felix Tshisekedi of the Democratic Republic of Congo (DRC) announced the appointment of Judith Suminwa Tuluka as the country’s first female prime minister on Monday. This landmark decision fulfills a campaign promise made by President Tshisekedi and marks a significant step towards gender equality in Congolese politics. Judith Suminwa Tuluka, a former planning minister, […]
After months of debate and political crisis caused by outgoing president Macky Sall’s decision to delay Senegal elections, the country pulled it off. Elections took place in a calm, credible and transparent setting, a new president was elected and is getting ready to be sworn in. Some say what happened in Senegal may inspire others […]
The European Union (EU) is taking steps to enhance its trade and investment engagement with West African (WA) countries, a high placed source at the Union told the Ghana News Agency (GNA). The source said the move was of a high priority for the EU explaining that the region had some of the heaviest economies with Nigeria being the biggest on the continent, followed by Ghana and Ivory Coast. Speaking […]
Dr. Thomas Owusu Mensah, a Ghanaian-American chemical engineer who made significant contributions to the development of fiber optic technology, has died at the age of 74. He passed on March 27, 2024, after a short illness at the Catholic Hope Exchange Hospital in Kumasi, Ghana. Funeral arrangements will be announced in due course. Dr. Mensah’s […]
Former South African President Jacob Zuma is not eligible to run in upcoming elections, the Independent Electoral Commission has ruled. The commission said at a media briefing on Thursday that it had upheld an objection against Zuma’s candidacy in the May 29 elections. In July 2021, Zuma was sentenced to 15 months in prison for […]
The European Union intends to fast-track some of its aid money to Egypt using an urgent funding procedure that bypasses parliamentary oversight and other safeguards, according to the president of the bloc’s executive branch. The 1 billion euros ($1.1 billion) intended for this is part of a larger package of 7.4 billion euros ($8 billion) […]
Former South African President Jacob Zuma has been involved in a car crash but escaped unharmed. According to local news reports, Police said a drunk driver hit his official state car on Thursday evening. A member of his party, uMkhonto we Sizwe (MK), claimed it was deliberate. Zuma, suspended by the African National Congress (ANC), […]
In Egypt, population growth is at half-mast. In 2023, it slowed to 1.4%, its lowest rate in decades, according to figures by the Ministry of Planning data published on Thursday. Egypt is the most populous country in the Arab world, with 106 million inhabitants, according to the official Egyptian statistics agency. The fall in population […]
The first tranche of the $300 million World Bank funds has hit the accounts of the Bank of Ghana, sources close to the arrangement have told the Daily Graphic. This is expected to further boost the country’s foreign international reserves and help cushion the Cedi which has depreciated by 6.8 per cent since the beginning […]
