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Half the global working age population does not have a bank account, yet six billion people have access to a mobile phone. Ninety percent of people in developing countries have mob...

The European Union has reiterated it will not issue tax refunds to Kenyan fresh produce exporters during the four months period ahead of the formalisation of the new Economic Partn...

Public Officials from the Economic Community of West African States (ECOWAS) are meeting here in Accra to discuss the Africa Mining Vision (AMV) and the ECOWAS Mineral Development ...

Innovation and technology can serve as a springboard for economic transformation provided they are driven by people. This was the message put forward by partners and participants a...

The newly launched Millennium Development Goals 2014 Report (MDG 2014) has assessed that although poverty rates in Africa are declining at an accelerated rate since 2005,...

The African Economic Conference, jointly organized each year by the African Development Bank (AfDB), the United Nations Economic Commission for Africa (ECA) and the United Nations ...

More than 3.5 million South Africans are lifted out of poverty through fiscal policy, which taxes the richer in society and redirects resources to raise the income of the poor thro...

One hundred and twenty governments joined thousands of scientists in reminding the world today that climate change is a growing risk that is already affecting lives and liv...

The Programme for Infrastructure Development in Africa (PIDA) held its fourth steering committee meeting to evaluate the current status, identify challenges and recommend ways to i...

The way to the realisation of a Customs Union in the East African Community has been one filled with roadblocks. It took four years from the conception of the EAC to set up the l...

Kenya, Rwanda, South Sudan and Uganda will soon sign a policy under the SGR Protocol, requiring all heavy cargo to be transported exclusively by rail between Mombasa and the capi...

Ministers from the Trans-Pacific Partnership (TPP) countries concluded a three-day meeting in Sydney, Australia on Monday, citing “significant progress” in their negotiations o...

The recent acceleration in growth rates across much of sub-Saharan Africa may not be purely commodity-driven, but for many of the region’s economies macro-economic stability...

A few years ago, Kenyan commercial banks were fighting hard to prevent mobile phone companies from engaging in the business of money transfer. They argued that money transfers were...

The critical role which knowledge and innovation should play in Africa’s development will be the focus of this year’s African Economic Conference (AEC) scheduled to t...

Recent discoveries of sizeable natural gas reserves and barrels of oil in a number of African countries – including Uganda, Tanzania and Kenya – have economists hopef...

Executive Directors of the African Development Bank Group on Wednesday, October 29, 2014 in Abidjan approved a landmark Financial Sector Development Policy and Strategy (FSDPS) whi...

Governments commit to implement automatic exchange of information beginning 2017 The new OECD/G20 standard on automatic exchange of information was endorsed on 29 October 2014 by ...

The Government of Rwanda has moved to accelerate its plans to transform Rwanda into a cashless economy and achieve 80 percent financial inclusion by 2017. Rwanda’s commitment to...

By Christine Lagarde Managing Director, International Monetary Fund Acceptance Speech for Foreign Policy Diplomat of the Year Award, Washington, D.C., October 29, 2...