The International Debt Statistics 2021 report by the World Bank shows that between 2009 and 2019, countries in the region increased external borrowing by nearly four times, from $19.9 billion to $73.8 billion.
Author: Abdulateef Ahmed
Abdulateef Ahmed
Digital News Editor | Research Lead Abdulateef is a self-driven Researcher renowned for his exceptional editorial skills. He is a literary bon vivant with a keen interest in greener energy, macroeconomics, big data, efficient systems, Africa's political economy, aviation, and pan-African dialogues. His innovative thinking extends even into his dreams, where he crafts solutions,in his sleep, to nonexistent problems.
El-Said further explained that “public investments in Sohag governorate are distributed across different sectors, with EGP 2.5bn for housing and utilities sector, EGP 1.56bn for local development, EGP 444m for health care, EGP 240m for higher education, and EGP 640.4m for other sectors.”
The mining sector already accounts for 60% of Zimbabwean exports, raking in around US$$1 billion a year, and represents half of the country’s foreign direct investment.
The mining company had found a 998-carat-high white diamond at its Karowe mine in Botswana, making it among the five largest stones ever discovered by the mining company.
According to Turaco, the fund will be used to fund the drive growth in its current locations of Kenya and Uganda and facilitate expansion into a third market by next year.
The decision follows a careful evaluation of the impact and evolution of the COVID-19 global pandemic, the attendant risk of a possible second wave, and its associated effects on global travel, investments, as well as social distancing rules.
Mhlanga says the group also intends to explore mining lithium, rare earth minerals, and tin in Zimbabwe.
The FRSC spokesperson Bisi Kazeem said a total of 2,656 road crashes were reported between July and September, adding that the road police agency had not relented in its efforts at reducing auto crashes on the highways.
According to Ogundeyi, “We want to bank every African on the planet, wherever you are in the world.” It’s starting first in its home market: since launching in September 2019, it has picked up around 300,000 customers, first consumers and now also small businesses, and on average processes over $500 million of transactions each month.
Okugbawa was quoted to have said the order for members to down tools was issued in a letter, dated November 8, 2020, a copy of which was sent to the Central Working Committee of the association.