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Turmoil in Asian markets and deepening concerns for Chinese economy continued to keep investors and the financial industry on their toes.
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Continue reading Mr. Kaberuka, who stepped down as president of AfDB at the end of August after completing a successful two-term tenure, will work on finance and development issues at CGD as well as serve as a member of the CGD’s panel on Multilateral Banking.
Under his tenure, the AfDB became the top financial and technical institution serving the continent. Kaberuka steered the bank in a new direction to better serve the continent, with emphasis on investing in the continent’s aging infrastructures and providing financial capital to businesses such as farmers. He brought together the continent stakeholders and shareholders, both from the public and private sectors, senior government officials and business leaders along to strengthening the new directions in which the bank took.
Continue reading The International Monetary Fund Managing Director, Ms. Christine Lagarde, is on a six-day trip to two African countries, Nigeria and Cameroon, to meet with government officials, business leaders and civil society leaders as part of the organization’ efforts to strenghten ties with African countries.
During her trip, which began yesterday and will end on Saturday, January 9, Ms. Lagarde will meet with Nigeria’s President Muhammad Buhari and senior members of his team, as well as with lawmakers, civil society, business and women leaders to discuss ways IMF can support Nigeria in attaining its economic advancement goal while also mitigating the impact of weakening global oil prices on the country’s overall economy.
Ms. Lagarde will also stop in Cameroon, the largest economy in Central Africa and one of the most diversified economies in Africa, where she will meet with the country’s President Paul Biya and his economic team, along with business executives, women leaders, and civil society leaders to discuss economic reforms, domestic and regional integration.
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