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ContinentalRe Announces 100% Ownership of Its Botswana Subsidiary

September 10, 2020/Continental Reinsurance Plc Continental Reinsurance Plc is pleased to announce a change in the ownership structure of Continental Reinsurance Ltd (Botswana). After its recent acquisition of a minority 40% stake in the company, through its holding company, CRe African Investments Limited (“CRAFIL”), from Botswana Insurance Company Ltd (BIC), […]

Publication of Two IMF Staff Papers on Financial Development, Inclusion, Trade and Foreign Investment in the GCC

December 6, 2018/IMF EXECUTIVE SUMMARY Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a large impact on growth. Such measures can support higher, sustained, and more inclusive growth by improving the allocation of resources across sectors and producers, creating jobs, triggering […]

ECONOMY: World Bank Cuts Nigeria’s GDP Growth Rate; States’ IGR Rises to N579.4 billion in H1 2018

November 30, 2018/Cowry Asset World Bank, in its Nigeria bi-annual economic update released on Wednesday, November 28, 2018, revised its earlier forecasted 2.1% growth rate for Nigeria’s Gross Domestic Products (GDP) in 2018 to 1.9%. The cut in projected GDP growth rate by the multilateral institution was adduced to disruption […]