Our Correspondent | Africa Guardian Tanzania has called on African nations to collaborate in finding long-lasting solutions to the continent’s challenges. The country also urged Japanese businesses and investors to deepen their engagement in Africa, contributing to human development and promoting regional and global peace and stability. This call was made by the Deputy Minister for Foreign Affairs and…
The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change. The International Monetary Fund and World Bank traditionally hold their annual gathering of finance ministers and central bank governors outside their Washington headquarters every…
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…
Giving his views on the matter, a member of the Lawyers’ Environmental Action Team (Leat), Mr Clay Mwaifani, advised the Government to start a process of reconciliation with all those whose investments were affected during the Magufuli regime. Dar es Salaam. One day after the government said it would appeal a recent by the International Centre for Settlement of…
The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees. Under his leadership, MasterCard launched the Center for…
Summary Banga, the first World Bank president from South Asia, takes over on June 2 from outgoing president David Malpass, who is stepping down early from a presidency clouded by questions over his climate stance. Washington. Ajay Banga, confirmed Wednesday as the World Bank’s next president, is an Indian-born American executive who has been hailed by media in his…