Anquilla

Finance

Africa FDI Set To Recharge

Categories: Finance

Investors often associate Africa with high levels of risk, but the continent can also generate the best returns. In 2021, FDI into the continent rebounded sharply after an acute decline in 2020 due to the pandemic, but inflows weakened again in 2022 amid a deteriorating global economic environment and security situation. This year however looks set to mark another upturn. An important positive is the African Continental Free Trade Area (AfCFTA), the largest new free trade area since the establishment of the WTO in 1994. It promises to increase intra-African trade via deeper levels of trade liberalisation and improved regulatory…

Read More

Kenya and the World Bank Group Provide a $390 Million Boost the Digital Economy

Categories: Digitisation, Finance

The World Bank Group Board of Directors approved $390 million in financing for the first phase of a program that aims to expand access to high-speed internet, improve the quality and delivery of education and selected government services, and build skills for the regional digital economy. The Kenya Digital Economy Acceleration Project will use a multi-phase programmatic approach (MPA) with two phases where phase one will run from 2023-2028, focusing on expanding access to high-speed internet, improving the quality and delivery of education and selected government services, and building skills for the regional digital economy, and phase two will run…

Read More