Press ReleaseMarrakesh, Morocco, 28 May 2013 – Charity and aid have failed Africa and its leading entrepreneurs are now driving the continent’s development agenda.This was the sentiment of Tony Elumelu’s speech, described by many as “powerful,†which was delivered at the African Development Bank’s (AfDB) Annual Board of Governors meeting […]
Tag: Africa
Nigeria’s Poverty Should Be Lower Given Growth, IMF Says
Nigeria’s poverty rate should be falling faster given its economic growth this decade, an official of the International Monetary Fund said. The share of citizens in Africa’s most populous country of more than 160 million who are considered poor fell to 62.6 percent in 2010 from 64.2 percent in 2004, […]
World Bank to lend $5bn to Africa
The World Bank’s investment arm will increase lending to sub-Saharan African countries by up to a quarter this year as private sector companies flock to the fast-growing region. The Vice-President, International Finance Corporation, an arm of the World Bank, Mr. Jean-Philippe Prosper, said the IFC would make new investments of […]
