The Nairobi Securities Exchange (NSE) has disclosed that it has acquired a 4 per cent stake in the Dar s Salaam Stock Exchange citing strategic reasons. “Back in 2017, we took a position in the Dar er Salaam Stock exchange. Dar Es Salaam Stock exchange was doing an IPO. And its always been part of our regional strategy to
With only 11 years left to achieve the 2030 Sustainable Development Goals, some of the most economically advanced countries have still not met targets in areas like poverty reduction, youth employment, education and training, gender equality and numerical literacy, according to a new OECD report. Measuring Distance to the SDG Targets 2019: An Assessment of
Shipping costs soared over the past year as consumers unleashed pent-up savings to buy new merchandise while the pandemic continued to snarl the world’s supply chains. Container rates have more than quadrupled since the start of the pandemic, with some of the biggest gains concentrated in the first three quarters of last year. Lockdowns, labor shortages,
The teams focused their efforts on a few of the highest-value S&OP levers in order to review the current planning process, identify gaps in the planning infrastructure and analytically understand demand and supply variability.
In the lead-up to COP26 in Glasgow, Scotland, the World Bank (International Bank for Reconstruction and Development, IBRD) launched an initiative to raise awareness with investors about its activities to mainstream climate action. A press release on September 23 announced a target to raise US $10 billion in World Bank Sustainable Development Bonds as part of the
Former Minister for Finance, Seth Terkper, has said, policy distortions to the country’s second-biggest tax handle – the Value Added Tax (VAT) – is impeding its ability to generate the needed revenue for government. Making the assertion at the second edition of the PFM Tax Africa Network Dialogue Series, the former Minister for Finance noted
Debt reduction, restructuring, and transparency needed to help low-income countries overcome debt crisis. Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on
$23.5 billion in donor contributions to IDA, World Bank fund for the poor. The World Bank today announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future. The financing brings together $23.5 billion of contributions from 48 high- and middle-income countries with financing raised in the capital markets, repayments, and the World Bank’s own contributions. The financing package, agreed over a two-day meeting hosted virtually by Japan, is the largest ever mobilized in IDA’s 61-year history. IDA’s unique leveraging
Ghana’s imports cover of 5.2 months is projected to decline to 3.2 months by the end of 2021 and further to 3.0 months by the end of 2022. The projection by the International Monetary Fund (IMF) is contained in its latest 2021 October Regional Economic Outlook for the Sub-Saharan Africa Region. The projected decline in the country’s gross
The demographic profiles of countries like Kenya, where a high percentage of people are young, would suggest that it’s swiftly renewing its workforce with fresh talent. But this doesn’t seem to be the case. We conducted a study in a public sector organisation three years ago. We found that the bureau had an ageing workforce.