Nigeria’s economy exits recession with 0.11% growth in fourth quarter
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Nigeria’s economy exits recession with 0.11% growth in fourth quarter

ByBrian Kithinji

Nigeria’s economy surprisingly came out of a recession in the fourth quarter, fuelled by growth in the agriculture and telecommunications industry that offset a sharp drop in oil production. Africa’s largest economy recorded a gross domestic product (GDP) growth of 0.11% in the three months through December from a year eariler, compared with a drop…

Makthar Diop becomes first African to head World Bank’s private sector arm
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Makthar Diop becomes first African to head World Bank’s private sector arm

ByBrian Kithinji

Makthar Diop, the World Bank’s vice president for infrastructure, has been appointed to head the International Finance Corporation (IFC), becoming the first African to lead the Washington based lender’s arm for the private sector. Diop will take over at the IFC at the beginning of March, World Bank President David Malpass said in a statement…