AI Could Unlock $30bn in Value for SSA, Study Backed by Google …
WEB6 hours ago · A study supported by Alphabet, Google’s parent company, has revealed that generative AI could create an additional $30 billion in value for sub-Saharan African economies. The study highlighted that 58% of adults online strongly believe that AI could boost growth in their countries. The analysis behind these findings used various indicators ...
Homepage - Ecofin Agency
WEBFounded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.
President Biden to Visit Angola Next Month to Strengthen Ties
WEB2 days ago · Wednesday, 25 September 2024 18:00. (Ecofin Agency) - Strengthening bilateral relations, advancing infrastructure projects, and transitioning to clean energy will take center stage in discussions between the American president and his Angolan counterpart. President Joe Biden will visit Angola from October 13 to 15 to enhance economic relations ...
IMF Weighs Reducing Surcharges on Countries Exceeding Loan …
WEB10 hours ago · The mechanism created in 1997 increases the debt payment burden. It is heavily criticized by economists and developing countries. The International Monetary Fund (IMF) is preparing to ease the surcharges it imposes on countries that exceed borrowing limits or repayment timeframes, Bloomberg recently, …
IMF Approves $210mln Loan for Liberia - Ecofin Agency
WEB1 day ago · The program will support reforms to address macroeconomic imbalances, strengthen debt sustainability, and promote private sector-led growth. Yesterday, the International Monetary Fund (IMF) announced its board of directors approved a $210 million loan for Liberia. The first disbursement will be around $5.8 million, according to the statement. This program is...
Côte d'Ivoire Raises CFA148.5bn, Faces CFA400bn Debt Deadline …
WEB10 hours ago · This success comes amid increasing pressure on Côte d'Ivoire's public finances. The government still needs to pay CFA128 billion in debt service by the end of September 2024, at least CFA147 billion in October, and CFA120 billion in November, totaling nearly CFA400 billion. This is in addition to …
Nickel: US Development Finance Corporation Ready to Support …
WEB3 days ago · By 2035, 90% of the world's nickel supply will be unprotected by existing US free trade agreements, according to S&P Global. This scenario is prompting Washington to diversify its sources for nickel, an essential mineral for energy transition. The U.S. Development Finance Corporation (DFC) is ready to lend Tanzania cash...
Economic information from Africa - Ecofin Agency
WEBTunisia: Cinema as a tool for fight against corruption. L’agence Ecofin est une agence d’information économique africaine, créée en décembre 2010, basée à Yaoundé et à Genève. Elle rassemble une équipe de journalistes et d’experts, spécialisés dans les principaux secteurs africains de l’économie.
African Countries Outperform USA and Japan in Public Debt …
WEBJun 27, 2024 · Based on evaluations by the International Monetary Fund (IMF), the report highlights that out of the 52 African countries with available data, only two exceed Japan’s debt-to-GDP ratio of 254.6% and the USA’s 123.3%. Sudan holds the highest global debt ratio at 280.3%, followed by Eritrea at 207%. The average debt-to-GDP ratio across the ...
Tanzania: U.S. to Financial Support Nickel Production in Tanzania
WEBAug 28, 2024 · Tanzania: U.S. to Financial Support Nickel Production in Tanzania. Wednesday, 28 August 2024 19:20. (Ecofin Agency) - Nickel, essential for electric vehicle batteries, is a key metal for the energy transition. With the Kabanga project, Tanzania will soon be able to supply the world market with battery-grade nickel.