Economic development
Zimbabwe's finance minister, Professor Mthuli Ncube, has stated that the country expects to reach a Staff Level Agreement (SLA) with the International Monetary Fund (IMF) by June this year. This milestone is anticipated to boost investor sentiment and support the country's economic reform programme. The SLA
Economic development
The African Development Bank (AfDB) President, Dr. Akinwunmi Adesina, has praised President Bola Tinubu for approving the replenishment of the Nigeria Trust Fund (NTF) for another 15 years. The decision, worth $500 million, is a significant boost to the fund's efforts to support social and economic development projects
Economic development
Finance Minister Professor Mthuli Ncube has revealed that the Treasury aims to secure a Staff Level Agreement (SLA) with the International Monetary Fund (IMF) on a Staff Monitored Programme (SMP) by the end of June this year. This development is expected to accelerate foreign investment inflows and propel the country&
Economic development
As Africa's economic landscape transforms, the African Development Bank (AfDB) stands at a critical juncture, requiring a leader capable of delivering on its promise. Dr. Sidi Ould Tah's candidacy emerges as a beacon of hope, driven by his proven track record of delivering tangible results. With
Economic development
The UK Foreign, Commonwealth and Development Office (FCDO) has provided a grant of $32 million to the UK Caribbean Infrastructure Fund (UKCIF) Coastal Road Upgrading Project in Belize, aiming to build economic resilience and create sustainable livelihood opportunities in the country. The project is a joint effort between the UK
Economic development
Nepal's focus on development has created a pressing need for reliable hydropower, which plays a crucial role in stimulating industrial growth, creating jobs, and securing the country's cultural and social future. Despite the enormous potential of hydropower, Nepal's industrial sector remains underdeveloped due to
Economic development
Geelong-based fashion company Stage II has pre-committed to relocating its warehousing headquarters to the Wilmac Corio development in Corio, while national HVAC supplier Polyaire has secured a seven-year lease for a 1400sq m facility. The move supports Stage II's expanding logistics operations across Australia, New Zealand, and Asia,
Economic development
As India continues to grapple with environmental degradation and pollution, the nation's judicial system has played a significant role in shaping the country's environmental policies and regulatory framework. Recent rulings by the Supreme Court and National Green Tribunal (NGT) have emphasized the need for stricter environmental
Economic development
The African Development Bank (AfDB) has pledged to provide Egypt with $746 million in funding in 2025, matching the amount projected for 2026. This support will reinforce Egypt's position as the Bank's second-largest regional member country shareholder, after Nigeria, and the third-largest overall. The funding will
Economic development
China's economy continues to stabilize and show a new and favorable development trend, with industrial production experiencing relatively fast growth and transformation towards high-end, intelligent, and green industries. This has provided strong support for economic development. Chinese Ambassador to Iran, Cong Pei Wu, highlights that China's
Economic development
A collaborative effort between the MIDC Industries Association (MIA), Vidarbha Industries Association (VIA), and the Maharashtra Industrial Development Corporation (MIDC) marked a significant move towards cleaner industrial energy. On Friday, an interactive session on the Mumbai-Nagpur-Jharsuguda National Gas Pipeline Project was held in Nagpur, featuring top officials from GAIL (India)
Economic development
The Yamuna Expressway Industrial Development Authority (YEIDA) is set to construct 11 flatted factory complexes to provide affordable industrial space for Micro, Small, and Medium Enterprises (MSMEs) and startups in specialized sectors. The multi-storey facilities will accommodate approximately 3,000 ready-to-use manufacturing units across five designated industrial parks, addressing the
