[Kenya] Safaricom signs agreement with UN Environment to upscale implementation of sustainable goals
UN Environment has urged the country’s private sector to collaborate with them in implementation of the Sustainable Development Goals (SDGs) that will help curb climate change.
This webinar addresses how Qualcomm® empowers stakeholders and innovators through access to multinational resources.
Take a look at almost any measure of success in the South African business world and you'll see that mining companies always perform well.
A.P. Moller Holding has together with PKA, PensionDanmark and Lægernes Pension launched a new infrastructure fund with a focus on Africa. Ghana stands to benefit significantly from the funding in the medium to long term.
Global rating agency, Standard and Poors has affirmed its AfDB’s 'AAA/A-1+' Ratings with Outlook Stable. This is similar to Fitch’s recent affirmation of the Bank’s Triple 'A' rating with Stable Outlook as well.
Fitch Ratings has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and Short Term IDR at 'F1+'.
By the year 2030, almost two-thirds of the world’s population will live in cities. Urbanization is creating significant opportunities for social and economic development.
The Directorate of Technical Cooperation in Africa of Nigeria’s Ministry of Foreign Affairs and the African Development Bank celebrated the completion of the first life cycle of the Nigeria Technical Co-operation Fund in a ceremony in Abuja on 1 August.
As Director of Namibian German Centre for Logistics (NGCL) here in Namibia, I am tasked with promoting and highlighting the Importance of our sector.
[Column] Ehiedu Iweriebor: Nigerian Economic Recovery through Industrialization and Diversification by Public and Private Sector Synergy
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities.
British-Nigerian Michael O’Brien-Onyeka is Senior Vice President, Africa, of Conservation International, a non-governmental conservation and sustainable development organization.
The United Nations World Food Programme (WFP) has launched a four-year Country Strategic Plan in Tanzania. It is fully-aligned with the UN 2030 Agenda for Sustainable Development which aims to end poverty, reduce inequality, tackle climate change and ensure sustainable agriculture and food security.
In the face of an increasingly uncertain climate, Farm Africa is piloting the use of microinsurance to help pastoralists in the Ethiopian lowlands protect their main asset: their livestock.
Alibaba founder and executive chairman Jack Ma has announced the creation of a $10 million African Young Entrepreneurs Fund,
The World Bank has approved a $60 million International Development Association credit for Burkina Faso. Of the estimated 300,000 producers to benefit from the Livestock Sector Development Support Project, 30 percent are women and 20 percent are young people.
NEPAD Infrastructure Project Preparation Facility proposes regional information hub to stimulate investment in Africa
The NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) has advocated the establishment of a regional information hub to advertise bankable projects in Africa.
Africa’s diversity encompasses more than its landscape, it includes the political, economic, social, technological and environmental outlook, with each country and region having its own set of unique challenges and advantages.
Various land commissions in Africa have committed to advancing policy, legal and regulatory reforms in their respective countries and ensure their effective implementation in order to recognize community land rights.
The Paradise Foundation, a not-for-profit environmental conservation organization in China, has announced its first overseas conservation program in Africa.
The Government of Rwanda and the World Bank have signed a $ 120 million to support the expansion of opportunities for the acquisition of quality, market-relevant skills in selected economic sectors.
Frank Balestra is a Canadian who has lived in Africa the better part of the last five years, both in the DRC and Rwanda. This has given him a good understanding of the people, the African culture, the countries and the coltan industry.
In an economy facing a third possible downgrade, mounting living costs and scarce jobs opportunities, it’s reassuring that the direct selling industry is one of the few sectors showing growth over the past 18 months.
Our quest to attain a green economy should be broad-based and inclusive. But we cannot achieve this if the vision of sustainability is not shared by every one of us.
To strengthen resilience of communities from the loss of livestock assets, Food and Agriculture Organization, FAO, has distributed 3600 goats to improve household nutrition and rebuild livelihood of vulnerable communities
The Food and Agriculture Organization of the United Nations and the African Union Commission have agreed to collaborate on an immediate response to manage and control the fast-spreading Fall Armyworm (FAW) outbreak in Africa.
At a landmark forum co-hosted by the China Enterprise Chamber of Commerce Uganda (CECCU) and the Wildlife Conservation Society (WCS), CECCU declared that Chinese enterprises operating in Uganda would support wildlife conservation
A project targeting some 30,000 residents of located in Ouagadougou, the capital city of Burkina Faso are seeing the fruits of development initiatives resulting from a $100,000 Community Managed Fund project.
A large-scale hydropower dam planned for Selous Game Reserve World Heritage site puts protected areas of global importance - as well as the livelihoods of over 200,000 people who depend upon the environment
AfDB, Islamic Development Bank sign $ 2 billion deal to fund energy, SMEs, human development programs
The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level.
An innovative, mobile phone-driven cash programme has helped prevent nearly 250,000 people from slipping into severe food insecurity in drought-ravaged Kenya.
The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 1 million Emergency Humanitarian Assistance to people affected by drought and famine in Kenya.
The African Export-Import Bank has provided a total of $200 million in financing to date to support the Gabonese economy.
Planet Earth Institute launches the PEI exChange, the first online matching platform for African development
The Planet Earth Institute, an international NGO and charity, plans to launch the will launch the PEI exchange during its #ScienceAfrica UnConference on 20th July,
M-learning, online courses and other aspects of e-learning technology have the potential to enhance education provision in Africa in numerous ways.
A new $19 million investment has been launched to support will support greater food security and improve nutrition throughout Eastern and Southern Africa.
In order to improve the support services provided to Tunisian entrepreneurs countrywide, Souk At-tanmia’s partnership has launched a capacity-building program for public and civil actors operating in the field of entrepreneurship in Tunisia.
Britain's exit from the EU has brought into question the benefits of intra-regional trade, with some commentators suggesting that it could sound a warning for Africa's regional integration project.
Economic Commission for Africa develops toolkit to help member states integrate Agendas 2030 and 2063
The Economic Commission for Africa (ECA) is developing a toolkit that will help African countries develop an integrated approach in implementing the 2030 Agenda for Sustainable Development (SDGs)and Agenda 2063, Africa’s 50-year development plan.
Liberia to transform renewable energy sector with support from African Development Bank and Climate Investment Funds
The Climate Investment Funds (CIF) awarded Liberia a grant in the amount of $ 23.25 million to help transform the country’s renewable energy sector.
In a world first, Nigeria is pioneering a new solar electricity service and it is already transforming lives.
Kenya Association of Manufacturers in partnership with KAIZEN Institute has hosted the 13th KAM- KAIZEN Event, to equip business leaders with techniques to maintain sustainable continuous improvements in processes.
Africa's rapid growth and urbanization will require stable local governments to deliver goods and services to billions of people.
Dutch fintech FACTS, providing much needed working capital to established small and medium sized enterprises (SMEs) in East Africa, is scaling up its activities, more than tripling the number of clients served.
Researchers predict that in 2030, Lagos, Cairo and Kinshasa will each have to cater for over 20 million people, while Luanda, Dar es Salaam and Johannesburg will have crossed the 10 million mark.
Earlier this year, Cleantech Invest portfolio company Nocart announced the signing of a $200 million contract to develop a solar hybrid power plant in the Shangombo District of Western Province, Zambia
The African Development Bank is pleased to announce the appointment of Vanessa Moungar as Director of Gender, Women and Civil Society with effect from 1st July 2017.
The Board of Directors of the African Development Bank (AfDB) has approved a US$ 15 million investment in Shore Capital Fund III, a multinational Private Equity Fund which promotes financial inclusion.
[South Africa] DBSA secures $200m loan from Standard Chartered for key infrastructure projects in Africa
Standard Chartered Bank has signed a $200 million term loan to the Development Bank of Southern Africa, DBSA.
Vodafone Foundation launches project targeting over five million children with online education materials
Vodafone's charitable arm is launching Instant Schools For Africa across six countries to provide free access to quality online educational materials.
Elanco Animal Health has received a $2.86 million from the Bill & Melinda Gates Foundation to provide sustainable development solutions to address food insecurity in East African countries.
AfDB approves $100m for Export Trading Group’s soft commodity value chain operations in sub-Saharan Africa
The African Development Bank has approved a US $100- million facility to finance Export Trading Group (ETG’s) soft commodity value chain operations in sub-Saharan Africa.
ECOWAS Member States to agree on regional investment climate scorecard to unlock investment in West Africa
The Economic Community of West African States (ECOWAS) and the World Bank Group will co-host the ECOWAS Investment Climate Scorecard Roundtable in Lagos, Nigeria.
Angola to Explore Business Opportunities in Agriculture, Dairy, Meat, Oil and Gas and Mining - Report
Angola is one of the fastest growing and most promising economies in Africa. Angola's high GDP growth is driven by high international oil prices.
The International Chamber of Commerce (The ICC) has launched the Kenyan chapter ICC-Kenya, which is a first in Eastern Africa.
IFC, a member of the World Bank Group has announced a landmark financing package of $55 million to build Mozambique’s first utility scale solar PV plant, which will help increase electricity sector climate resilience and deliver power to rural areas.
From the US to Thailand, the Caribbean and Kenya, this past month alone has seen countries across the world hit by devastating encounters with flooding.
Energiya Global commits 1$billion to advance green energy power projects across 15 West African countries.
Israel’s leading solar developer will invest $1 billion over the next four years to advance green energy power projects across the 15 member states of the West African economic community
Key education stakeholders from 15 African countries have met at Worcester Polytechnic Institute (WPI) to explore global best practices and develop strategies to improve math and science opportunities for their students.
MTN Group has kicked off a campaign inviting social media users across Africa and the Middle East to join its employees in a virtual call to break down traditional barriers to education, by sharing interesting facts during the company's annual 21 Days of Y'ello Care programme.
The extent of the power deficit across Africa is well documented and increasing electricity generation across the continent is the focus of a number of initiatives at both national and supra-national level.
Agility, a leading global logistics provider, is inviting photographers across Africa to take part in the Africa 2017 Photo Competition.
Public and private sector leaders from across Sierra Leone and beyond met yesterday in Freetown to discuss ideas, initiatives and partnerships that can spur private investment.
Nigerian Federal Government should be commended for putting the spotlight on local manufacturers through initiatives, such as the Made-in-Nigeria Dress Days.
Cooperation among Africa’s development financial institutions (DFIs) is crucial for the achievement of the industrialisation of the continent, the African Export-Import Bank (Afreximbank) has said in Ahmedabad, India.
The U.S. Agency for International Development (USAID) and DuPont have announced that the Advanced Maize Seed Adoption Program (AMSAP), exceeded its goal by 150 percent to boost maize productivity
Senegal is counting on a new Dkar Bus Rapid Transit pilot project to reduce by half the average rush hour in-vehicle travel time by public transport.
Presently, there are 145,000 millionaires in the continent with a combined wealth of $800 billion.according to the Africa Wealth Report which also states that there will be 36% more millionaires by the year 2020.
The Somali government and high level business actors have endorsed a Public-Private Cooperation Agreement to Accelerate Somalia’s Economic Recovery.
Africa is standing before a small window of opportunity to grow future-ready leaders equipped to take on a new era of industry.
Amid an unprecedented global trade slowdown, African policy-makers, negotiators and trade analysts will meet on 25-26 May 2017 in Mauritius to discuss priorities for reviving world trade and strengthening their trading capacity.
Power Africa announced the launch of its Southern African Energy Program this week in Cape Town, South Africa. This announcement came as representatives from Power Africa, a U.S. government-led initiative, and the U.S. Mission in South Africa participated in African Utility Week and the Gas to Power World Congress.
Partnership Africa Canada has announced the Just Gold project has successfully implemented a system to trace legal and conflict-free artisanal gold in the Democratic Republic of Congo.
International Finance Corporation has announced a $10 million loan to Fertiplant East Africa Ltd to enable the company to set up a fertilizer plant in Kenya. The plant will supply locally produced fertilizer at affordable prices, helping farmers improve crop yields and their incomes.
On average Kenya imported around 500,000 metric tons of fertilizer each year to sate growing demand by farmers both large and small scale, emerging as the second largest fertilizer market in Africa after South Africa in overall tonnage.
[Zimbabwe] Oxygen Energy Private Limited receives $965,000 for off grid solar rooftop project on buildings
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a US$ 965,000 grant to Oxygen Energy Private Limited to support the preparation of a bankable business case for the development of a 20MW off-grid solar PV rooftop project on buildings owned and managed by Old Mutual Property Group Zimbabwe countrywide.
At a Roundtable event in Nairobi, Ministers from across Africa sat together with investors and the private sector to determine how best to tackle the investment and credit risk hurdles in order to make African risks bankable.
Tucked away over 50 kilometers north of the capital Kampala, Chinese technicians continue to set up the first agricultural industrial park in the East African country of Uganda.
Notwithstanding the current economic and socio-political uncertainty, numerous companies in Africa are still positive about the growth potential of the continent.
African leaders must build a new more 'human economy' to tackle inequality and poverty, Oxfam has said ahead of the World Economic Forum (WEF) on Africa. The meeting will bring political and business leaders together from across the continent to discuss how to achieve inclusive growth.
Africa50, the pan-African infrastructure investment platform has announced the appointment of Koffi Klousseh as Director of Project Development.
According to EY’s latest Africa Attractiveness report, heightened geopolitical uncertainty and “multispeed” growth across Africa present a mixed FDI picture for the continent.
Agence Française de Développement (AFD) in partnership with Kenya Association of Manufacturers (KAM) held a high level workshop on Sustainable Use of Natural Resources and Energy Finance Programme (SUNREF) East Africa to discuss among other things, the opportunities and challenges of SUNREF since its inception in Kenya in 2011.
AFRI-RES, a unique facility to support climate proofing of Africa’s long-lived infrastructure investments, was given significant impetus with the formal approval of funding of 5 million Euros by the Nordic Development Fund (NDF) for its programme activities.
Africa Reinsurance Corporation and IFC, a member of the World Bank Group have partnered to support a technical workshop on risk modelling and strategic decision-making for index insurance products.
Royal Philips today announced its full support for a new Government of Kenya and United Nations (UN) initiative aimed at strengthening primary and community healthcare in Africa.
The African Development Bank is pleased to announce the appointment of Mr. Charles O. Boamah as Senior Vice-President of the African Development Bank Group, effective immediately.
Measuring how efficiently water is used in agriculture, particularly in water-scarce African countries, is going high-tech with the help of a new tool developed by FAO.
[Angola] AfDB country support strategy focuses on Agricultural Transformation, Infrastructure Development in the next five years
The Board of Directors of the African Development Bank Group (AfDB) has approved the Bank’s Angola Country Strategy Paper (CSP) to guide its interventions in the country in the next five years, focusing on Inclusive growth through agricultural transformation and supporting sustainable infrastructure development.
This week, more than 138,000 vaccinators will fan out across five African countries in the Lake Chad area in a push to eliminate polio in Africa and rid the world of this terrible disease forever.
Given the long history of drought in this continent, I believe that it is time we stop viewing it as an exogenous shock and more as a structural problem that we can address with our own abundant resources.
Kenya's leading grower and exporter of cut flowers, Oserian Development Company, has signed its workers to a mobile health insurance scheme becoming the first flower firm globally and large employer in the agricultural sector in Kenya to embrace e-health.
Africa50, the pan-African infrastructure investment platform capitalized by the African Development Bank, 23 African countries, and two African Central Banks, is pleased to announce the appointment of Carole Wamuyu Wainaina as Chief Operating Officer.
As part of activities to mark its 100th anniversary this year, Nigerian financial institution, Union Bank, has announced a partnership with Co-Creation Hub (CCHub) to launch its Centenary Innovation Challenge.
Economic growth in Sub-Saharan Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016, according to the new Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank.
In the African Region which alone bears 40% of the population suffering from NTDs, great strides have been made in the past years. Togo has just eliminated Lymphatic Filariasis as a public health problem.
[Column] Brett Parker: Between East & West, Africa's economic transformation will create a third centre of global power
What a difference a century makes. If we stepped back in time to a hundred years ago we'd find a primitive China; a Middle East that had yet to discover the riches of oil and most of Southeast Asia consisted of countries that were barely distinguishable from medieval societies.
The World Bank’s Board has approved a $150 million credit to enhance the contribution of the mining sector to the Nigerian economy.
Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity production, and achieve quick gains in agriculture and light industry.
East Africa's economy has continued to grow despite the adverse effects of drought being felt across the region according to ICAEW's (the Institute of Chartered Accountants in England and Wales) latest report.
Small & Medium Businesses can contribute up to 80% of jobs in an emerging economy such as Kenya - Sage regional director, East Africa
The party that emerges as the winner of Kenya’s general election, to be held on 8 August, has an opportunity to supercharge job creation and economic growth by adopting policies that help Small & Medium Businesses to thrive.