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World Bank confirms $2.2bn support to Ghana

Ghana will benefit from 2.2 billion dollars from the World Bank for next three 3 years according to the Country Director for World Bank, Henry Kerali. Mr. Kerali, who made this revelation at the World Bank headquarters in Washington DC to a team of government delegation led by Vice President ...

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World Bank and AIIB Sign Cooperation Framework

WASHINGTON- World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun today signed a memorandum of understanding to strengthen cooperation and knowledge sharing between the institutions. The memorandum of understanding provides an overall framework for cooperation between the World Bank Group and AIIB in common ...

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Adeosun takes forward affordable homes agenda

L-R: World Bank President, Jim Yong Kim with the Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, at the ongoing Spring Meetings of the IMF/World Bank in Washington DC   Washington: The Honourable Minister of Finance met with representatives from International Finance Institutions at the World Bank Spring Meetings to take forwards ...

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Alabama governor resigns over affair with aide, taken to Montgomery County Jail, to perform 100-hour community service

    Alabama Governor Robert Bentley resigned on Monday after pleading guilty to two campaign misdemeanours, amid allegations that he misused public resources to pursue an affair with a former aide. He was also accused of intimidating officials in an attempt to cover it up. Public allegations of an affair ...

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Statement by IMF Managing Director Christine Lagarde on Egypt

   Christine Lagarde    Following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement: “President Sisi and I discussed the progress of Egypt’s economic reform program supported by the IMF’s $12 billion ...

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Dangote Group to launch fundraising for The Africa Center in New York City: ASK your questions LIVE to Aliko Dangote and Halima Aliko Dangote

  Aliko Dangote and Halima Aliko Dangote will host an online press conference on Thursday, March 23 at 14:00 GMT  Halima Aliko Dangote was recently appointed the president of The Africa Center in New York City (www.TheAfricaCenter.org) with the major responsibility of raising capital for the center. The goal is ...

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Again, Bill Gates is world’s richest man

Microsoft founder, Bill Gates again tops Forbes’ list of the world’s richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine’s annual rich list, Mr Gates’ fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14.8bn to $75.6bn. It ...

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World needs about $265b anually to eradicate poverty and hunger – IFAD

  The world needs to take urgent action to mobilise the estimated US$265 billion a year needed to achieve the first two Sustainable Development Goals to end poverty and hunger by 2030, said Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD) at last night’s opening of ...

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Industrial commodities prices to surge in 2017 – World Bank

The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017, due to tightening supply and strengthening demand. In its January 2017 Commodity Markets Outlook, the World Bank is holding steady its crude oil price forecast for the year at $55 per barrel, a ...

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