Finance48 Videos

Africans are winning top jobs at international institutions

Today Africans lead several global institutions. Tedros Adhanom Ghebreyesus, an Ethiopian, has steered the World Health Organisation (WHO) through the pandemic. Ngozi Okonjo-Iweala, a Nigerian, heads the World Trade Organisation (WTO). Makh tar Diop, a Senegalese, presides over an investment portfolio worth about $64bn at the International Finance Corporation (IFC), the semi-independent arm of the […]

Ghana’s development bank needs professional, not political appointments

Ghana’s constitution gives its presidents sweeping powers over appointments.  In May, the finance ministry agreed to a loan of €170m from the European Investment Bank (EIB) to finance a new national bank – the Development Bank of Ghana (DBG). The new institution, to be set up in July, is also backed by the World Bank […]

France Pledges $1.5 Billion to Sudan to Pay Off IMF Loan

French President Emmanuel Macron, left, welcomes Gen. Abdel-Fattah Burhan, head of Sudan’s ruling sovereign council at the summit to support Soudan, May 17, 2021 at the Grand Palais Ephemere in Paris. France announced Monday that it will grant Sudan a $1.5 billion loan to help the north African country pay off its debt to the […]