Nigeria, Ghana, South Africa, and other countries at the United Nations (UN) on Wednesday voted for greater roles in international tax matters in a move that may change the Organization for Economic Cooperation and Development’s (OECD’s), domineering position on the discussions for decades. Over the past years, developing nations have been pushing for a greater […]
The African Union (AU) is making arrangements to launch a credit rating agency for the continent in the coming year as part of its efforts to address concerns about the fairness of existing ratings assigned to African economies by foreign rating agencies. A top official of the AU, Misheck Mutize, who serves as the lead […]
The World Bank Group has approved US$460 million in credits and grants from the International Development Association (IDA) to improve and harmonize data systems in eight countries in Western Africa and three regional organizations. According to the Washington D.C-based development finance institution, the Harmonizing and Improving Statistics in West and Central Africa (HISWACA) Project, Phase […]
A new report by the African Development Bank (AfDB), the African Union (AU) and the United Nations Industrial Development Organization (UNIDO) has revealed that Nigeria, commonly rated as the ‘Giant of Africa’, did not rank among the fast-growing industrial countries in Africa. The just published Africa Industrialization Index (AII) report indicated that 37 out of […]
The African Risk Capacity (ARC) Group and the Global Center on Adaptation (GCA) have signed a Memorandum of Understanding (MoU) to build climate resilience in the agriculture sector by facilitating investments in risk management into government planning and high-level advocacy. The pact will be supported by a joint assessment of the landscape for developing risk […]