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Capacity to adapt is crucial for sustainable development – World Development Report

The World Development Report 2017: Governance and the Law has said the capacity to adapt, both politically and economically, is crucial for sustainable development. According to the report high priority should be given to the continuous cultivation of adaptive policies and institutions. Dr Deborah Wetzel, Senior Director, Governance Global Practice, …

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Merkel gives new push for eurozone reforms ahead of EU summit 

More must be done to strengthen to the architecture of the eurozone, German Chancellor Angela Merkel said, giving a new push for reforms to the currency union ahead of an EU summit this month. “For a successful economy we have to sustainably stabilize the euro. The existing instruments are not …

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Well-managed migration could boost growth – EDA report  

The United Nation Conference on Trade and Development (UNCTAD) 2018 Economic Development in Africa (EDA) Report, says well-managed migration could provide impetus to economic growth. It could positively transform the structure of the continent’s economies – a vital means to help achieve the Sustainable Development Goals (SDGs).  The report, titled, …

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AfDB adopts landmark decision on climate finance

The African Development Bank has introduced some measures to ensure that the continent is not short-changed by climate finance.  Scientific evidence shows that African economies are already reeling from the devastating effects of climate change, further exacerbating their development challenges.  Of the 10 countries in the world that are most …

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Nigeria takes steps to increase power generation

Nigeria has signalled increasing shift towards the use of coal for the generation of electricity to power its economy as it invests N30 billion in the sector. The West African country has coal reserves of about 25 billion tons and this, the government is eager to exploit. Dr. Dauda Garuba, …

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MoneyGram starts direct money transfer to bank accounts in Ghana

MoneyGram today announces it has started a service that enables direct transfer of money to recipients’ bank account in Ghana. In a release issued today, May 29, 2018 and copied to ghanabusinessnews.com, the money transfer and payment services company says customers making remittances can send money online or at any …

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UK expands export finance appetite in West Africa 

Ghana becomes the first West African country to have a representative of the world’s oldest export credit agency, UK Export Finance (UKEF) stationed in-country.   A statement issued by the British High Commission and made available to the Ghana News Agency said Mr Steve Gray, would be taking up office at …

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UN Chief urges increased climate financing

United Nations (UN) Secretary-General Antonio Guterres has called for enhanced climate financing to address what he termed the “world’s utmost priority”. He said to achieve a “full-scale transition to clean energy, we must see billions of dollars invested by 2020”.  Speaking at the Austrian World Summit in Vienna, he asked …

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Despite increase in aid to education globally, sub-Saharan Africa continues to receive less – UNESCO

While international aid to education has been on an all-time high, the portion of aid to the education sector of sub-Saharan African countries has continued to fall for seven years in a row, a new paper by UNESCO says. The paper by UNESCO’s Global Education Monitoring Report, says aid to …

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CSOs call on African governments to address corruption

As African marks AU Day on May 25, 157 Civil Society Organisations are calling African government institute measures end to corruption. We here by produce the full statement of the letter below. Dear Hon. Moussa Faki Mahama, We welcome the African Union’s 2018 theme, “Winning the Fight Against Corruption: A …

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