Sierra Leone
EBID approves $417mn in West Africa projects, plans to double balance sheet
The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to about $4.4bn to support larger infrastructure financing.
AfDB becomes first external shareholder in West Africa's Bank for Investment and Development
The African Development Bank Group has become the first IDI to join the shareholder base of ECOWAS' EBID, committing a $30mn equity investment and a $70mn credit line.
World Bank cuts Sub-Saharan Africa growth forecast as energy shock bites
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices
The UAE’s ascendancy in Africa
The UAE invested $110bn into Africa over four years with initiatives spanning ports and logistics, renewable energy, digital infrastructure and financial services, to become among the continent’s most consequential economic partners.
US freezes immigrant visa processing for 75 countries including Georgia, Armenia and Azerbaijan
US State Department pauses immigrant visa processing for 75 countries from January 21 over public benefits concerns, with indefinite suspension pending reassessment of screening procedures.