IMF / Sub−Saharan Africa’s Regional Economic Outlook

Growth in sub-Saharan Africa is expected to slow to 3.6 percent in 2023, as a “big funding squeeze”, tied to the drying up of aid and access to private finance, hits the region, announced the IMF today (Friday, April 14, 2023) in a press briefing. If no measures are taken, this shortage of funding may force countries to reduce fiscal resources for critical development like health, education, and infrastructure, holding the region back from developing its true potential “I wish […]

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Africa Finance Corporation acquires Aker Energy ahead of development of the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana

photo Africa Eco Race

Aker Capital AS, 100 percent owned by Aker ASA (together referred to as “Aker”), and The Resource Group TRG AS (“TRG”) have agreed to sell their shares in Aker Energy AS (“Aker Energy”) to AFC Equity Investment Ltd, a company owned by Africa Finance Corporation (“AFC”). Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49.21 percent. The management team of Aker Energy will remain unchanged and will work towards submission of the Plan of […]

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Transform political commitment to action to achieve nutrition targets in Africa, Nutrition Champion urges

photo caption: King Letsie III of Lesotho speaks during the High-level Dialogue on Nutrition Financing held in Maseru, Kingdom of Lesotho; King Letsie III of Lesotho has urged African leaders to translate commitments into action to meet regional and international development targets. The monarch addressed a high-level meeting on financing nutrition hosted by the African Union from 23-24 March. He stressed the urgency for adequate financing to end hunger and malnutrition in all its forms as a prerequisite for achieving […]

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