Saturday, May 4, 2024
HomeMore NewsBanking & FinanceA billion dollar investment in Africa’s private sector

A billion dollar investment in Africa’s private sector

-

LONDON (CU)_Despite the recent resurgence of COVID-19 infections in many African countries over the past few weeks, when considering the impact of the pandemic across the globe, the African continent is said to be one of the least effected regions. Nevertheless, in terms of the economic implications, the global health crisis has taken a toll on the economies in Africa as well. According to the International Monetary Fund, an additional financing of about US$425 billion is needed between now and 2025 in order to strengthen the pandemic response and to reduce poverty in sub-Saharan Africa.

Therefore, for the first time ever, the G7 Development Finance Institutions have decided to come together to make…

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Follow us

51,000FansLike
50FollowersFollow
428SubscribersSubscribe
spot_img