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Smallholder farms are a common sight across Africa, highlighting both the continent’s agricultural resilience and the challenge of ensuring food security. Despite widespread farming activity, Africa currently imports a significant amount of food. Agriculture is a cornerstone of many African economies, providing an estimated two-thirds of all jobs and contributing roughly one-third of the continent’s […]
The CRDB Bank Dubai Representative Office has officially launched at the Dubai International Financial Centre (DIFC), marking the first time a Tanzanian bank has established a presence in a major global financial hub. This development signifies a strengthening of economic relations between Africa and the United Arab Emirates. Launch Event and Key Participants The launch […]
The World Bank has increased its economic growth projections for Sub-Saharan Africa, citing strengthening investments and exports as key factors. The updated forecasts are included in the January 2026 Global Economic Prospects (GEP) report, which notes increased resilience in several regional economies. Economic activity in the region is now projected to reach 4.0% in 2025, […]
Bank executives discussed the potential impact of generative artificial intelligence during this week’s earnings reports. The conversations centered on productivity gains, potential job displacement, and managing employee numbers. Generative AI and Bank Productivity Bank chief executive officers indicated that generative AI technologies could significantly improve productivity within their institutions. Discussions focused on how these tools […]
South Africa’s economy is projected to experience growth, according to the World Bank’s latest “Global Economic Prospects” report. The report also details broader trends in Sub-Saharan Africa and highlights potential risks related to global trade. Growth in Sub-Saharan Africa is also anticipated to increase, though challenges remain in reducing extreme poverty. Economic Growth Projections South […]
Somalia’s Puntland State has refuted claims of involvement in the Rajo Kaaba Education Project, a World Bank-funded initiative. Puntland’s Ministry of Education asserts there was no prior consultation, agreement, or formal understanding with the federal government regarding the project. Scholarship Exam Announcement and Subsequent Response The Federal Ministry of Education announced on January 2 that […]
Somalia’s Puntland State has refuted claims of involvement in the Rajo Kaaba Education Project, a World Bank-funded initiative. Puntland’s Ministry of Education asserts there was no prior consultation, agreement, or formal understanding with the federal government regarding the project. Scholarship Exam Announcement and Subsequent Response The Federal Ministry of Education announced on January 2 that […]