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Remittances worth $46b major contributor to GDP in Africa in 2018 as Ghana receives $3.8b

Remittances to sub-Saharan African countries in 2018 contributed substantially to the Gross Domestic Product (GDP) of these nations, as transfers grew almost 10 per cent to $46 billion, according to the World Bank’s latest Migration and Development Brief. The top 10 beneficiaries in Africa were Comoros $14 million, forming 19.1 …

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German Chancellor Merkel’s mother has died, government confirms 

German Chancellor Angela Merkel’s mother, Herlind Kasner, has died, a government spokesman told dpa on Wednesday. The spokesman asked for the chancellor’s privacy to be respected. According to an earlier report in the Bild newspaper, Kasner died at the beginning of April, aged 90. Kasner, who was born in the …

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Africa makes $8.3b on GDP since digitization – ECA

Digitization in Africa is said to have impacted the continent’s economy by $ 8.3 billion and in addition, created over 600,000 jobs since 2011. This is contained Economic Report on Africa, published by the United Nations Economic Commission for Africa, (ECA. According to the ECA, due to the significance of …

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German taxi drivers protest plans to open market to likes of Uber

Taxi drivers in around 30 German cities were protesting government plans to relax market regulations that would force them to compete with ride-hailing services like Uber. The German Taxi and Rental Car Association (BZP) called on drivers to demonstrate throughout the country on Wednesday, with the biggest event planned for …

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Growth in sub-Saharan Africa downgraded to 2.3% in 2018, expected to rebound to 2.8% in 2019

Moderate to high economic growth is essential to bolster economies and to spur jobs for the region’s teeming unemployed. But growth in sub-Saharan Africa was downgraded in 2018 to 2.3 per cent from 2.5 per cent in 2017. The April 2019 issue of Africa’s Pulse, the World Bank’s bi-annual analysis …

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David Malpass is new World Bank President

American David R. Malpass is the new President of the World Bank. The Executive Directors of the Bank elected him last week to start a five-year term starting Tuesday April 9, 2019. Mr. Malpass is President Donald Trump’s choice for the position which became vacant following the surprise resignation of …

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GHANBATT 15 Troops in MONUSCO asked to maintain Professionalism

The Force Commander (FC) for the United Nations Stabilisation Mission in the Democratic Republic of Congo (MONUSCO), Lieutenant-General E. R. Martins Filho, has urged troops of the Ghanaian Battalion serving with MONUSCO, to maintain high standard of professionalism. A statement issued by Captain Senanu Edward Akakpo, Press Information Officer, GHANBATT …

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World Bank approves $143m to improve education in five African countries including Ghana

The World Bank Group has approved an amount of $143 million International Development Association (IDA) credits and grants to help improve quality of education in Africa, news release copied to ghanabusinessnews.com has announced. According to the release, the fund will step up the quality and provision of applied research and …

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