The Washington-based lender’s executive board approved the three-year loan last week Friday.
“Africa is on the move...consumers are more affluent and better educated. Inflation has been tamed, armed conflict and violence is down”
“We estimate there’s $500 billion hidden in tax havens…enough to educate all the 30 million African children who are currently out of school”
Egypt, Nigeria and S. Africa - Africa's big economies - struggle to stay on course. But there's good news
Macroeconomic crises in Africa are "largely caused by internal policy blunders", and not even so much by external forces. That means they are fixable
Zuma says S. Africa opposition 'useless' and 'ignorant' after they disrupt then walk out on his speech
Zuma announced plans for "an effective turnaround plan" for country's ailing economy, amid dire warnings about growth from the IMF and the World Bank
Some 89.3% of Gabonese have access to electricity, the highest rate in mainland sub-Saharan Africa, second to only Mauritius and Seychelles.
Kenya and Nigeria best-performing bond markets among emerging markets. Investors in Nigeria registered returns of 40% and in Kenya 56% since 2014.
Falling currencies and tanking commodity prices raise loan repayment fears across the continent - but take heart, there’s still wriggling space
Do you smell the money? Accra, Nairobi seen adding dollar millionaires faster than any other African cities
There are about 163,000 millionaires living in Africa as of June 2015, with combined wealth of $670 billion, new report says.
Ethiopia, Nigeria say today's children will be richer than their parents, Kenya and Tanzania not so sure
In many countries, the young are more optimistic than the old - perhaps because the parents did not end up as successful as they had hoped to be.
'There’s no better time to be in Kenya than now' - analysts look beyond market losses, bullish on east African economy
Capital expenditure programmes and oil prospects catch attention of investors.
Greece birthed European civilisation but can no longer afford to live by its standards. Who can then? Not Africa, surely
We have to consider the possibility that dictatorships in Africa have become an integral part of the global system of fiscal governance.
Latest intelligence report on the next decade ignored Africa, but we tell you the next 10 things to watch for
Highlighting possible trends that will shape Africa’s future, and its relationship to the world, over the next fifteen years.
Foreign investment in Africa more than doubled in 2014, new data show - and surprise, resources don't take lion's share
While political risk perception remains a challenge, investors see huge growth opportunities, study shows
About 585 million people, or 72% of the population in sub-Saharan Africa, still live in or at the brink of poverty.
Bringing the waiting hours down to 11 from 22 hours, makes it one of the fastest waterways in the world, official says.
Maersk, owner of world’s largest container liner, targets Nigeria and Kenya ports in Africa expansion push
Maersk employs almost 10,000 people in more than 40 African nations. The Lagos project could be more than $2 billion in investment.
In Ghana, costly floods added to worries, and Angola the kwanza was hammered by the pressure of devaluation.
While WEF could be viewed as a well run and attended talk shop, it's incumbent on business and political leaders to move beyond that to action.