Finance In Common summit rallies 450 development banks to ramp up, deepen collective efforts to address fragility beyond COVID-19 “Nothing can dampen our collective resolve to provide better opportunities for all” – African Development Bank President Akinwumi Adesina ABIDJAN, Ivory CoastThe first global summit of public development banks on Thursday showcased a collective resolve to accelerate efforts to achieve…
The African Union Development Agency (AUDA-NEPAD) and Ecobank Group announce the key focus areas of their joint initiative to support Africa’s Micro Small and Medium Enterprises Micro Small and Medium Enterprises (MSMEs) are critical to the African economy as they account for almost 85% of all private sector employment LOME, Togo, May 27, 2020/ — AUDA-NEPAD (the African Union…
DAR-ES-SALAAM Microfinance Institutions play an effective role in poverty alleviation, social empowerment, and economic development within the broader context of financial inclusion. The assertion was made by Bank of Tanzania Deputy Governor, Dr. Bernard Kibesse in an event where 18 winners of the 3rd Citi Microentrepreneurship Awards (CMA) in Tanzania collectively won USD 37,500. He declared that the…
On a sector basis, the financial services sector continued to dominate the African IPO market during 2016 with 45% of total value and 55% of total volume, followed by consumer goods and industrials with a total value of 31% and 13% respectively JOHANNESBURG, South Africa, February 16, 2017/ — 2016 marked a challenging year for African equity markets in…
Tanzania: experts question reliance on foreign investors for economic growth Written by YAKOBE CHIWAMBO Friday, 15 July 2011 05:16 TANZANIA’S economy is projected to see strong real growth in the next two years, growing at 6.5 per cent in 2011 – and 6.6 per cent in 2012. Apparently, the growth is driven by foreign investments. However, local economists have…