Economy

Abu Dhabi and Sierra Leone deepen bilateral ties

sierra 25Julius Maada Bio, President of Sierra Leone, has met the deputy minister of foreign affairs for the UAE Yakoub Yusuf Alfu-Salim at State House and discussed plans to strengthen bilateral ties

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GCF approves three AfDB proposals worth more than US$110mn

AfDB proposal 24The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank (AfDB) totalling more than US$110mn

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AfDB launches US$500mn credit insurance deal

Africa investment 23The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) have successfully completed a US$500mn credit insurance deal to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa

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World Bank: Growth in Sub-Saharan Africa slower than expected

SSA 4Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank

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Angolan GDP to drop to 1.5 per cent: Fitch Solutions

19375091134 b1669c877b zAngola is expected to have a 1.5 per cent GDP growth in 2018, given the growing tendency for the declining trend witnessed in oil production

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