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Inside Africa
King Letsie III of Lesotho said that nearly 60 per cent of the world’s chronically undernourished population by 2030 could be living in Africa.
Meeting in Abidjan on 29 November 2023, the Board of Directors of the African Development Bank approved a loan of €73 million to Kenya to support Phase III of the Competitiveness and Economic Recovery Support Programme. The financing will cover the fiscal year 2023-2024.
The Bank of Ghana maintained the status quo on benchmark interest rate at 30.0% as the inflation rate slowed for the third month in a row in October.
EU Allocates €1M for Fight Against Diphtheria Outbreak in Nigeria
Public-private partnerships (PPPs) are crucial to closing the financing gap for infrastructure development in Africa
The International Monetary Fund (IMF) and Cameroon government have reached a staff-level agreement on policies required to unlock financial support worth about $73 million, according to a statement released by the multilateral lender.
Addis-Ababa (Ethiopia) some financial experts have called for the removal of visas by countries on the continent to encourage the free movement of means of production. This they said would also drive trade on the continent.