Tanzania: Dar es Salaam water, transport boosted by World Bank

Tanzania: Dar es Salaam water, transport boosted by World Bank

Nearly 2 million people in Tanzania are expected to benefit from newly approved World Bank financing for improvements in the East African country’s water services and infrastructure. The USD$225 million will come from the International Development Association (IDA), through the Second Water Sector Support Project, the World Bank said in…

FOCAC follow-up: African diplomats visit #China to mark anniversary

At the Forum on China-Africa Cooperation (FOCAC) in Johannesburg a year ago, Chinese President Xi Jinping pledged a $60 billion economic package that essentially tripled China’s commitment in Africa. To mark the anniversary of the historic 2015 FOCAC summit, a group of African diplomats spent this week in China’s Fujian province….

Trudeau details African aid programs during summit in Madagascar

Canadian Prime Minister Justin Trudeau highlighted his nation’s continued investment in African development during the XVI Summit of La Francophonie, held this past weekend in Madagascar. President Hery Rajaonarimampianina of Madagascar first welcomed the delegations to Antananarivo, where he stressed the importance of cooperation among member states in meeting the…

Algeria: Budget plans add to political, economic tensions

Algerian teachers and medical workers are threatening strikes as the country’s economic woes linger amid low oil prices, and the government proposes tax hikes and salary freezes to stretch the budget. The three-year economic plan released last month also considers reduced food subsidies, with increases in bread and milk prices. Algerian…

Lagarde: Africa’s tech, soft infrastructure are IMF priorities

Christine Lagarde, managing director of the International Monetary Fund, said soft infrastructure investment across Africa is a development and investment priority as the IMF encourages a more inclusive – and more vigorous – approach to global economic growth. “More can be done to raise growth now and make it more inclusive,”…