Staff Writer

  IMF staff and the Ethiopian authorities have reached staff-level agreement on economic policies to conclude the third review of the four-year US$3.4 billion Extended Credit Facility arrangement. Once approved by the IMF Executive Board, Ethiopia will gain access to about US$260 million in financing. Ethiopia's macroeconomic performance has exceeded program expectations, with better-than-forecast results for inflation, export growth, and international reserves. Maintaining reform momentum remains essential for consolidating recent […]

  Nigeria provides $500 million to extend the Nigeria Trust Fund for another 15 years  “It has been the greatest honour of my life to serve as president of the African Development Bank Group and to serve Africa “– Dr. Akinwumi Adesina  The African Development Bank Group’s 2025 Annual Meetings (www.AfDB.org) closed on Friday with a plenary session, following five days of meetings and discussions on Africa’s development landscape. The […]

 For the last three years, President Museveni through State House has been offering support to various roadside market vendors along major Highways like Gulu, Hoima and Mityana roads to boost their household incomes. The 928 vendors who benefited from this latest business booster package were drawn from Kakooge Daily Market in Nakasongola, Kiyenje Daily Market and Balikyewunya Market (both in Luwero). The vendors who received Shs100,000 each, generally ply their […]

 Roads in Kenge, Kikwit, Tshikapa, Kamuensha, and Mbuji-Mayi have been completely rehabilitated, new stretches of road built, and urban roads modernized. Numerous examples of socioeconomic infrastructure have also benefited from the financial support of the African Development Bank Group (www.AfDB.org), helping to transform the daily lives of hundreds of thousands of Congolese. A multi-sectoral mission from the government of the Democratic Republic of Congo (DRC) and the African Development Bank […]

 UN Women Rwanda, in close collaboration with the Ministry of Gender and Family Promotion (MIGEPROF), successfully convened the 4th Generation Equality Forum (GEF) Stakeholders Roundtable, reaffirming Rwanda’s global leadership in advancing gender equality through technology and innovation. Held at MIGEPROF headquarters, the bi-annual forum brought together over 50 stakeholders from across government, civil society, the private sector, academia, and development partners to assess national progress and strengthen cross-sector partnerships aligned […]

 The State of Libya has taken a critical step towards its full membership of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) with the acquisition of shares in the African multilateral Bank, making the country both a participating state and a shareholder of the Bank. The country submitted its payment for the acquisition of the Bank’s shares on 13 May 2025.   Libya acceded to Afreximbank’s Establishment Agreement in October 2024, becoming the 52nd […]

 Edson dos Santos, Chairman and CEO of Etu Energias – Angola’s largest private oil producer – has joined the African Energy Week (AEW): Invest in African Energies 2025 conference to discuss its plans for scaling-up operations across Angola’s upstream and downstream sectors. The company plans to increase crude production to 80,000 barrels per day (bpd) by 2030 while expanding downstream distribution and lubricant production. Dos Santos’ participation at Africa’s largest […]

 The Chairperson of the Portfolio Committee on Transport, Mr Donald Selamolela, has noted with appreciation the successful reopening of the Central Line connecting Khayelitsha to the CBD. Mr Selamolela attended the function that was overseen by the Minister of Transport, Ms Barbara Creecy, Deputy Minister Mr Mkhuleko Hlengwa, and the City of Cape Town Mayor, Mr Geordin Hill-Lewis. Mr Selamolela said: “This is a significant infrastructural rail project that must […]

 The Chairperson of the Portfolio Committee on Justice and Constitutional Development, Mr Xola Nqola, has commended the entire team that secured life sentences for all three accused in the human trafficking of the young Joshlin Smith. “We can see that it was all hands-on deck to ensure justice for this little girl. The sentencing in this case is a critical step in the pursuit of justice for Joshlin and a […]