October 21, 2024/IMF The reforms approved by the IMF’s Executive Board aim to bolster the Fund’s capacity to support Low-Income Countries (LICs) in addressing their balance of payment needs, while restoring the self-sustainability of the Poverty Reduction and Growth Trust (PRGT). The approved policy reforms include: a long-term self-sustained annual […]
World News
Japan: AfDB Celebrates Three Decades of Japan-Backed Trust Fund
Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024 October 21, 2024/AfDB The African Development Bank Group has celebrated the 30th anniversary of the Policy and Human Resource Development […]
Refinery Boost: Aliko Dangote Now 65th Richest Person in the World with $28Bn
…Five more Africans made latest Billionaires Index October 17, 2024/Dangote Group President of Dangote Group, Aliko Dangote remains the richest man in Africa, and now the 65th richest man in the World, despite the volatility of the Nigerian currency against the dollar. Bloomberg, in its latest top 500 Billionaires Index […]

