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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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Safety and security – especially relating to women and children – as well as strong ownership rights are among the top factors needed to encourage growth in wealth in African countries, according to the Africa 2018 Wealth Report produced by …
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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