The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, trade and to boost access to energy across the African continent February 9, 2023/AFC The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) (www.AfricaFC.org) have signed a US$50 million loan agreement […]
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Ireland and Austria Join Africa Climate Change Fund as Donors with an Initial €3 Million Contribution
The ACCF is a multi-donor trust fund that backs the African Development Bank Group’s target of tripling its climate financing and advancing Africa’s climate resilience February 9, 2023/AfDB Ireland and Austria have joined the African Development Bank’s (www.AfDB.org) Africa Climate Change Fund (ACCF) with contributions of €2 million and €1 […]
IMF Executive Board Concludes 2022 Article IV Consultation with Nigeria
February 8, 2023/IMF On February 6, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Nigeria. Nigeria’s economy has recouped the output losses sustained during the COVID-19 pandemic supported by favorable oil prices and buoyant consumption activities. Gross domestic product (GDP) adjusted […]
