The administration of U.S. President Joe Biden has kicked off the Prosper Africa Build Together initiative by requesting $80 million from Congress to build trade and investment between the U.S. and Africa.Dana Banks, U.S. senior director for Africa at …
Category: Economy
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Efforts to Boost South Sudan Agriculture Found Lagging
While people in South Sudan have enjoyed independence for the past 10 years, one longstanding problem – food insecurity – still hangs over the world’s newest nation despite vast areas of arable land.A World Food Program report published in June said 60…
LG Chem floats $1 billion in green bonds
Seoul, June 29 (BNA): South Korea’s leading chemicals maker LG Chem Ltd. said Tuesday it has issued global green bonds worth $1 billion to finance more investments in eco-friendly businesses. LG Chem said the proceeds will be used to provide financing …
Facebook hits $1 trillion value after judge rejects antitrust complaints
Washington, June 29 (BNA): A U.S. judge on Monday dismissed federal and state antitrust complaints against Facebook Inc that sought to force the social media company to sell Instagram and WhatsApp, saying the federal complaint was “legally insufficient…
World Bank Says Zimbabwe’s Economy on Recovery Path
In a report this month, the World Bank predicts Zimbabwe’s economy will grow 3.9% this year even as the country sees an alarming rise in poverty levels, especially in urban areas. The report says a record 7.9 million Zimbabweans are “extremely” poor, e…
Tigray Families Displaced by War, Economic and Social Crisis
Hundreds of displaced families trampled down the stairs carrying stained mattresses, logs and kindling for cooking and sacks of clothing and food. The families, more than 5,000 people in all, had fled battles in the northern Tigray region to Shire, a…