Remittances sent from abroad are a lifeline for millions in Africa, and now online services are aiming to make it quicker and easier to transfer money to the continent.
African countries can raise up to $10 billion a year by tapping into the savings of nationals living abroad, leading economists have said.
The African Development Bank (AFDB) has put its troubled past behind it and is now stronger than ever, according to president Donald Kaberuka.
African Development Bank President, Donald Kaberuka, tells CNN despite the global economic downturn, the bank today is stronger than ever.
The new head of the World Bank has praised a historic agreement by Group of Eight finance ministers to cancel up to $55 billion in foreign debt owed by some of the world's poorest nations.
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