$8.9bn fund raiser for Africa’s low-income countries

The African Development Bank, AfDB, has raised $8.9 billion from its contributing nations and development partners. The funds according to the bank will be channelled to its development fund to help spur economic development through grants and soft loans to low income countries on the continent. The UK government has announced what it describes as one of the biggest overhauls of financial regulation for more than three decades. It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth". As the world cup reaches the Quarter-finals stage, fans face up to 1000 percent jump in the cost of tickets.