European Union aid for refugees in Africa may be “too expensive”, according to the European Court of Auditors. Funds are meeting the challenges faced by refugees in Africa’s Great Lakes region but could cost too much to deliver due to weak management.
More than 80 countries convened in Kyoto, Japan last week to discuss global efforts to prevent corporate tax avoidance and evasion as part of the OECD’s BEPS project.
Nigeria’s president Muhammadu Buhari has pledged to rebuild the troubled but oil-rich Niger Delta region and called for patience and understanding from citizens.
More than 56 million people in Africa need humanitarian assistance, while more than 17 million are displaced across the continent, according to the African Development Bank.
Brexit has put South Africa at higher risk of recession and is likely to trigger a downgrade in the country’s credit rating, intelligence group EXX Africa has concluded.
The New Development Bank and the Asian Development Bank have signed a deal to cooperate on shared priorities including sustainable and inclusive development across Asia.