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Africa dominates list of the world’s 20 fastest-growing economies in 2024—AfDB report
The African continent is poised for significant economic growth in 2024, surpassing the projected global average, according to the latest Macroeconomic Performance and Outlook (MEO) report released by the African Development Bank Group. Eleven African nations are forecasted to be among the world’s 20 fastest-growing economies, which include Rwanda, Tanzania, Togo, and Uganda. The continent’s real gross domestic product (GDP) is expected to grow by 3.8% in 2024 and further increase to 4.2% in 2025, outpacing the global average projections of 2.9% and 3.2%, respectively. Africa is positioned as the second-fastest-growing region globally, second only to Asia.
Read the original article here: https://afdb.africa-newsroom.com/press/africa-dominates-list-of-the-worlds-20-fastestgrowing-economies-in-2024african-development-bank-says-in-macroeconomic-report?lang=en
Gambia Independence Day
It is a national public holiday marked with patriotic parades, cultural events, and speeches reaffirming Gambian sovereignty. The day is seen as an important commemoration of the Gambia’s self-determination and a chance to reflect on national identity.
Families and friends often come together to enjoy traditional Gambian cuisine, adding a culinary dimension to the celebrations. Popular dishes such as domoda, benechin, and yassa are prepared and shared during gatherings, fostering a sense of communal joy and connection.
GIC buys 6% stake in Data Patterns
In a sequence of block deals, Florintree Capital Partners, led by Mathew Cyriac, has successfully divested its entire 10.71% stake in the listed company Data Patterns (India) Ltd, amounting to approximately Rs 1,100 crore. The Singapore sovereign wealth fund GIC emerged as a significant buyer, acquiring over 6% stake valued at Rs 650 crore. Mirae Mutual Fund also made a notable investment of Rs 200 crore, with other prominent buyers including HDFC Mutual Fund and Kotak Mahindra Mutual Fund, according to sources familiar with the transaction
Read the original article here: https://www.msn.com/en-in/money/markets/gic-buys-6-stake-in-data-patterns/ar-BB1imBLF
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