T-Mobile U.S. fined $60m for data protection violations
United States (U.S.) telecom provider T-Mobile has been fined 60 million dollars due to data protection violations, according to the...
World Economy
Afreximbank to double intra-African trade financing to $40bn by 2026
Omeiza Bilal African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to...
AfDB approves $40m trade finance transaction guarantee facility to Ethiopia’s Dashen Bank
Benjamin Orisemeke The Board of Directors of the African Development Bank Group has approved a $40 million transaction guarantee facility...
AfDB invests $20m in infrastructure fund to catalyze continental development
Omeiza Bilal The African Development Bank has signed a $20 million equity investment in the African Infrastructure Investment Fund 4...
Afreximbank commits $1.4bn to Ammonia, Urea fertilizer plant in Angola
Efe Tega Pan-African multilateral financial institution the African Export-Import Bank (Afreximbank) will support the establishment of Ammonia and Urea Fertilizer’s...
Goods, service sectors fuel positive Q1 2024 global trade
Omeiza Bilal Global trade trends turned positive in the first quarter of 2024, with the value of trade in goods...
UN Global Compact, AU Commission partner up to boost GABI
The United Nations Global Compact and the African Union Commission will partner up on the Global Africa Business Initiative (GABI).Through...
Financial stability implications of emerging markets currency development
By Tobias Adrian, Fabio Natalucci, and Jason Wu At the beginning of this year, we flagged that emerging markets were...
IEA forecast 4% growth in global electricity demand on robust economic growth
Efe Tega A new report projects that global electricity demand is expected to grow by around 4 per cent in...
Natural gas, the right transition fuel for South Africa
By NJ Ayuk A recent policy brief, “Natural Gas as a Transition Fuel in South Africa,” produced by Eye for...
