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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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Germany extends mandates for three military missions to Africa

Germany’s cabinet has extended mandates for three military missions to Africa. Participation in the European Union’s training mission for security forces EUTM in Mali and in MINUSMA, the UN’s stabilization mission to Mali, would continue unchanged, the cabinet said Wednesday. The maximum contribution to Operation Atalanta, the anti-piracy operation off …

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Three years of Panama Papers, over $1.2b recovered in taxes and fines, but no show in Africa

It’s been three years since the Panama Papers was published. The collaboration of more than 100 journalists from around the world exposed the rich, powerful and politically connected, business people and how they made strenuous efforts to hide their wealth in tax havens. The revelations shook the world. The staggering …

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Over 48kg of cocaine seized at Ethiopian international airport in 8 months    

The Ethiopian government on Tuesday disclosed the seizure of 48.4kg of cocaine while being smuggled into a third destination country during the past eight months’ period. The reported 48.4kg cocaine was seized at the Bole International Airport in Addis Ababa, Ethiopia’s major international hub, state news agency ENA reporting, citing …

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The Gambia ratifies AfCFTA, seals 22 countries required to move deal forward

Today April 2, 2019, the National Assembly of The Gambia has ratified the African Continental Free Trade Area agreement. This means the 22 countries required to move towards the operationalization of the AfCFTA after all other procedures have been concluded has been reached. Two weeks ago Ethiopia ratified the agreement …

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