Africa Matters

Why parallel forex market thrives in Nigeria, by World Bank

The World Bank has blamed the re-emergence of parallel currency exchange market in Nigeria on resistance toward the increasing pressure on the naira and the limited supply of forex at the official window. The Bank, in a report released on Wednesday in Washington DC, said the premium between the parallel exchange rate and the official rate widened from March…

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Sub-Saharan Africa made steady progress in addressing gender imbalance in project management, PMI data shows 

Women hold significantly fewer jobs than their male counterparts, despite global equality movements and diversity, equity, and inclusion (DE&I) programs taking hold in the workplace. According to the International Labour Organisation, the global labour force participation rate for women is just under 47%, compared with 72% for men. This gender gap in employment is even starker in project management,…

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Joe Biden plans first visit to sub-Saharan Africa

US President Joe Biden on Thursday said he will soon make a visit to sub-Saharan Africa, announcing bare details of his travel plans as he wrapped up a US-Africa Leaders Summit stressing that he is serious about increasing US attention on the growing continent. Biden said he will also be dispatching many of his top advisers to Africa including…

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