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Last week, President of the World Bank Group (WBG), Jim Yong Kim, conceded his organisation has wrongly advised African governments over the years about the ideal pathway to industrialisation. He noted that emphasising hard infrastructures like road, rails and energy …
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Just recently, government leaders unanimously passed revisions to the country’s Private Investment Law, which supports Angola’s diversification efforts in job opportunities and trade. This is particularly helpful when there are price fluctuations in oil, metal, and other commodities that are …
Continue readingNigeria’s finance minister, Kemi Adeosun, has debunked reports in the press the government has applied for a $3.5 billion emergency loan from the World Bank and the African Development Bank. Nigeria, Africa’s biggest economy, is looking for ways to finance …
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