Kampala, Uganda | THE INDEPENDENT | The European Union delegation has urged Uganda to decide which side it supports in the ongoing Russia-Ukraine war. The war which has escalated the world’s economic crisis started in February and has raged till now creating turmoil in food and energy markets, and further raising …
Read More »World Bank forecasts Sub-Saharan Africa’s economy to grow at 3.6 pct in 2022
Nairobi, Kenya | Xinhua | The World Bank on Wednesday projected the economy in Sub-Saharan Africa to slow down to 3.6 percent in 2022 from 4 percent in 2021. The World Bank said the region’s economy is struggling to pick up momentum amid a slowdown in global economic activity, continued supply …
Read More »Pandemic may cause Africa’s 1st recession in 25 years: World Bank
Johannesburg, South Africa | AFP | The World Bank warned Thursday that sub-Saharan Africa could slip into its first recession in a quarter of century because of the coronavirus pandemic on the world’s most impoverished continent. “We project that economic growth in Sub-Saharan Africa will decline from 2.4 percent in 2019 …
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