Songwe he Executive Secretary of the Economic Commission for Africa, Vera Songwe, and the African Union’s High Representative for Infrastructure Development, Raila Odinga, met in Addis Ababa Thursday and discussed ways through which the ECA can support his work to ensure the continent speedily tackles its infrastructure challenges. The two agreed that fast-tracking transboundary infrastructure […]
Category: Business World
President Buhari with Turkish President Erdogan Iran, Malaysia, Turkey and Qatar are looking into using gold and barter for trade to shield themselves from any future punitive economic measures, Malaysian Prime Minister Mahathir Mohamad has announced. The idea was voiced as the leaders of many Islamic nations gathered for a four-day Islamic summit in Kuala […]
Members of the BRICS trade bloc Russia, India, and China have decided to connect their financial messaging systems to bypass the SWIFT international money transfer network. Russia’s financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India does not have a domestic financial messaging system yet, it plans […]
Songwe Economic Commission for Africa’s (ECA) Executive Secretary, Vera Songwe, on Wednesday lauded the African Union Commission’s commitment to effective partnerships, collaborative approaches and actions in support of the continent’s development aspirations. In a speech read on her behalf by Stephen Karingi, Director of the ECA’s Regional Integration and Trade Division, at a Regional Coordination […]
The Lagos High court premises was packed with anxious members of informal settlements in Lagos Preparations are underway for third edition of the Conference on Land Policy in Africa (CLPA-2019) which will convene under the theme, ‘Winning the Fight against Corruption in the Land Sector: Sustainable Pathway for Africa’s Transformation’. The conference, scheduled for November […]
Hamdok Against the backdrop of Afework Tekle’s stained glass mural and Sudanese oud-infused lyrics, sounds and poetry, ECA’s Deputy Executive Secretary and Chief Economist, Abdalla Hamdok received a warm and emotional sendoff at a standing room only gathering held in his honor in Africa Hall. Mr. Hamdok retires from the UN and is joining the […]
There is an urgent need to develop the pharmaceutical sector in Africa to reduce the continent’s dependence on imported pharmaceutical and medical products, says Economic Commission for Africa’s Soteri Gatera. Mr. Gatera, Chief of the Industrialization and Infrastructure Section at the ECA, says Africa bears a disproportionate burden of disease with, for example, more than […]
President Joseph R. Biden has today appointed Enoh T. Ebong as the Acting Director of the U.S. Trade and Development Agency. The appointment meant a return to USTDA where from 2004 to 2019, Ms. Ebong had served in a variety of roles, most recently as the Agency’s General Counsel, and Deputy Director and Chief Operating […]
There were no African delegates present at a summit about sustainable development in Africa after they were all denied visas to enter the US. The African global economic and development summit, which takes place every year at the University of Southern California was particularly quiet this year after about 100 attendees were barred from entering the country […]