Browsing Tag

World Bank

Colonel Assumes Role as Madagascar Leader Following

Balaleti
East Africa
Madagascar's New Dawn: Youth Uprising and Military Coup Shape the Nation's Future In the early hours of a fresh Malagasy day, Colonel Michael Randrianirina stood before the country's High Constitutional Court, marking the end of a swift and decisive power shift. After a whirlwind coup that sent its ousted president into hiding, Randrianirina was sworn in as Madagascar's new leader, leaving the island nation and its 30 million inhabitants at a crossroads. A Nation in Turmoil Madagascar, renowned for its unique biodiversity…

World Bank approves USD 100 million for well being companies in Somalia

Axadle Editorial Desk
East Africa
World Bank approves USD 100 million for health services in Somalia MOGADISHU, Somalia -- The World Bank announced Thursday that it has approved a total of US $ 100 million to help improve health services in Somalia. The project, the World Bank's 30-year investment in Somalia's health sector, which aims to improve health services is funded by a $ 75 million grant from International Development…

Somalia: Hirshabelle state hits FGS once more over lack of donor funds

Axadle Editorial Desk
East Africa
Somalia: Hirshabelle state hits FGS again over lack of donor funds MOGADISHU, Somalia - Somalia's regional state of Hirshabelle has accused the federal authorities of performing on "self-defense" to distort information about lack of donor funds, which ought to alleviate floods and droughts in a number of components of the nation At the least $ 135 million was despatched to Somalia primarily by…

France lends $ 1.5 billion to Sudan

Axadle Editorial Desk
North Africa
France will assist Sudan, closely indebted and dedicated to a democratic transition, settle its money owed with the Worldwide Financial Fund (IMF) by lending $ 1.5 billion, Financial system Minister Bruno Le Maire introduced on Monday, Could 17. France will work to "free Sudan from its debt burden as quickly as doable", says…

The IMF is sounding the alarm about the economic consequences in Africa

Axadle Editorial Desk
Central Africa
The International Monetary Fund held a virtual meeting on Friday, October 9, on the impact of coronavirus in Africa in the presence of its CEO Kristalina Georgieva. According to the latter, economic support released in recent months is significant, but it remains insufficient to help the continent emerge from the crisis. According to the IMF chief executive, the institution has already released nearly $ 26 billion this year. This is ten times more than what the IMF releases on average each year for loans. But the needs…