WORLD BANK ANNOUNCE NEW DIRECTOR FOR THREE AFRICA COUNTRIES

World Bank appoint new country director

World Bank announce Pierre Frank Laporte as new country director for Ghana, Liberia and Sierra leone. Pierre Frank Laporte is the new country director for Ghana, Liberia and Sierra leone. According to the release, Pierre Frank Laporte who is from Seychelles, will be based in the World Bank’s Accra Office. The statement also reads that his appointment will takes effect from July 1, 2019. The new position will ensure that Laporte  lead the Bank’s strategic…

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LILONGWE CARRIAGEWAY TO TAKE SHAPE IN MALAWI

Lilongwe carriageway to take shape

Lilongwe carriageway to take shape after plans to demolish six classroom building are in motion. Construction of Lilongwe carriageway is taking shape as plans for demolition of six classroom building at Chimutu primary school will soon take place. The demiotion will pave way for the project to kick-off. Head teacher of Chimutu Primary School, Linney Magombo said Contractor will pay for all the cost of constructing the new building as the current one pose a…

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PRESIDENT WEAH PROMISE NEW MARKET CONSTRUCTION

President Weah to construct new market at Old road community

President Weah promise new state of the art market for Old road community resident. Liberia President George Weah has promise to construct new market for  Old road community, Montserrado resident. According to the President, resident will soon be able to buy and sell in a new state-of-the-art market structure. The construction of the market will make old road community join a list of several communities benefiting from the country. Meanwhile from the report, President promise…

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NIGERIA DIASPORA REMITTANCES REACHES US$24bn

Remittances of Nigerian Diasporas hit US$24 billion in 2018

Remittances from Nigerian Diasporas hits US$24 billion in 2018 Remittances from diasporas of Africa’s most populated country – Nigeria in 2018 reached US$24.3 billion. This is the highest figure across Sub-Saharan Africa and it is also US$2 billion higher than the inflows in 2017. World Bank’s latest Migration and Development Brief shows that; last year (2018) immigrants sent US$46 billion to their home countries in sub-Saharan Africa. This is in fact a 10 percent increase when comparing…

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SOMALIA AND ETHIOPIA IN A MUTUAL RELATIONSHIP TO BETTER THEIR ECONOMY

Somalia President and Ethiopia Prime Minister signs agreement to benefit both countries and strengthen each other.  Ethiopian Prime Minister Abiy Ahmed and Somalia President Mohamed Abdullahi agreed to a mutual relationship between both countries. They also agreed to contribute to A.U.’s plan of seeking better solutions to the continent. The meeting held at Somalia’s capital Mogadishu and henceforth, both countries will enhance diplomatic and trade activities as well as removing all trade and economic barriers….

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THE SINGLE AFRICAN AIR TRANSPORT MARKET SET TO GO.

The Single African Air Transport Market (SAATM) concept will unite African aviation sector and foster economic growth.  The concept of SAATM is on the track, as 26 African Countries have agreed to the idea. Plans to internationalize SAATM are on track, hence a meeting set to take place at Togolese capital, Lome. Countries to have signed the commitment include: Benin, Burkina Faso, Botswana, Cape Verde, Ivory Coast, Egypt, Ethiopia, Gabon and Ghana. Guinea, Kenya, Liberia, Mozambique,…

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MOROCCO: 2017 TOP INVESTMENT DESTINATION IN AFRICA

Morocco ranks number one in 2017 top investment destination in Africa According to Quantum Global Research Lab’s latest Africa Investment Index 2018 (AII), Morocco is the most attractive economy for investments in Africa. Morocco ranks first based on its increasing economic growth, strategic geographic positioning, increased foreign direct investment, external debt levels, social capital factors and overall favourable business environment. Morocco has consistently attract inward flow of foreign capital, specifically in banking, tourism and energy sectors and also…

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PROCUREMENT ASSISTANCE AT DANISH REFUGEE COUNCIL (DRC)

Danish Refugee Council (DRC) is a Danish international non-governmental organisation, which promotes and supports durable solutions to the problems faced by refugees and internally displaced people all over the world. DRC is present in more than 30 conflict territories around the world assisting displaced people with shelter, food, income generating activities, and wide range of other assistance. It is of utmost importance for DRC to work in compliance with the DRC Accountability and Quality Management…

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West Africa in talks about shared currency

Nigeria not partisan to the idea of a shared currency among West African Nations The Economic Community of West African States (ECOWAS) is currently in talks about a shared instrument. This was recently confirmed, when the Chairman of ECOWAS and also Togolese President, Faure Gnassingbe stated that “our region needs this unifying instrument, symbol of our shared destiny, to consolidate our customs union”. The economic community set up a task force comprising Togo, Niger, Ghana,…

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