FINANCE AND INVESTMENT

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Seychelles Receives $10M Loan From AfDB To Re-Open Economy

Seychelles Receives $10M Loan From AfDB To Re-Open Economy

African Development Bank(AfDB) has approved a $10 million loan to help the Republic of Seychelles mitigate the economic impact of COVID-19 outbreak in the country. The COVID-19 pandemic has halted the country’s tourism sector – the main pillar of the island nation’s economy – being the worst affected of all […]

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Cross-Border Trade in Rwanda Continues To Thrives Despite COVID19

Cross-Border Trade in Rwanda Continues To Thrives Despite COVID19

Currently, Rwanda’s borders are closed because of the coronavirus lockdown, however, only freight transport trucks and returning citizens are allowed into the country.  Rusumo border receives between 400 and 500 cross border trucks per day, Kagitumba border receives between 45 and 60 trucks per day, while at Cyanika border receives […]

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world trade Okonjo

ECOWAS Endorses Okonjo-Iweala as DG of the World Trade Organisation

  The Economic Community of West African States ( ECOWAS), has endorsed the nomination of Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala, as the Director-General of the World Trade Organisation ( WTO). The ECOWAS has made efforts to rally African countries behind her candidacy, noting her years of managerial experience in […]

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COVID19: World Bank Provides $256M in Aid to Help Refugees in Uganda

World Bank has approved $256 million aid to help improve the lives of refugees and host communities in Uganda as the African nation battles with the economic impact of the ongoing COVID19 pandemic. The financing is part of the International Development Association 19th replenishment (IDA19) fund, which the World Bank […]

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