News & Events

Afreximbank has unveiled the CANEX Prize for Publishing in Africa, a collaboration between the CANEX Book Factory and Narrative Landscape Press Limited. This initiative, part of the CANEX programme launched in 2020, aims to foster a thriving literary culture and sustainable business ecosystem across Global Africa.

The CANEX Book Factory, a key component of the CANEX programme, will promote the African book value chain through various activities including a Pan-African writing workshop and an e-newsletter spotlighting African literature. The highlight of the initiative is the prize for publishing in Africa, with a USD20,000 award for the best trade book. Trade books encompass fiction, non-fiction, and poetry, excluding textbooks and academic works.

Read the original article here: https://www.africa-newsroom.com/press/afreximbank-announces-launch-of-canex-prize-for-publishing-in-africa?lang=en

On Cameroon’s National Day, Unity Day, celebrations occur across the country. Despite being a holiday, children attend school where they participate in various activities such as singing, parades, and marches in different parts of their cities. Speeches are delivered by notable figures, including the President of Cameroon, in Yaoundé, the capital. In regional capitals, the celebrations are overseen by the governor, while divisional officers manage the festivities in their respective divisions.

Sri Lanka’s cabinet recently approved a new economic law aligning with key objectives outlined by the International Monetary Fund (IMF), announced the cabinet spokesperson. After facing its severest financial crisis in over seven decades in 2022, including a default on foreign debt due to plummeting reserves, the nation’s economy is on the mend. Following the IMF’s approval of a $2.9 billion bailout last April, Sri Lanka is projected to achieve a 3% growth rate this year.

The newly introduced Economic Transformation bill aims to enshrine various targets from the IMF program into law. These targets include lowering the debt-to-GDP ratio to 95% by 2030 and reducing debt servicing costs to 4.5% of GDP. This move signifies a strategic step toward economic recovery and stability in Sri Lanka.

Read the original article here: https://www.msn.com/en-in/news/world/sri-lanka-cabinet-approves-new-economic-law-to-meet-imf-targets/ar-BB1mmsOF?ocid=BingNewsSearch