Le Ministère de la Coopération internationale et de la Promotion du Partenariat Public-Privé du Congo organise un Forum dédié à renforcer les investissements étrangers dans le pays du 30 au 31 mai 2022 à Kintélé.
Un panel sur la mobilisation des ressources internes pour le financement du développement en Afrique a été réuni, en marge de l’ouverture des Assemblées annuelles du Groupe de la Banque africaine de développement qui se tiennent à Accra, au Ghana, du 23 au 27 mai.
Africa’s urbanization rate has reached a record high with the continent being the most urbanized globally.
The elective general assembly of United Cities of Local Government of Africa (UCLG Africa) has elected the new office bearers of the organization.
The first edition of the Africities Trade and Invest Forum (ATIF) took place during the second day of the ninth edition of the Africities Summit.
[Column] Nelson Maina: Why Kenyan government should reduce fertilizer prices to bolster food security
Kenya’s cost of living has hit unprecedented highs with prices of basic commodities being out of reach for many citizens.
UNDP calls for more investment in people-centered local governance structures that are responsive and inclusive
The COVID-19 pandemic and its impact on health and socio-economic structures show the fragilities in national systems and local communities' resilience in dealing with crises.
African youth in its wide diversity is under-represented in the decision-making process.
Yiling Pharmaceutical, a company that develops, manufactures, and sells Chinese patent medicine, announced it has received the medicine approval document for Lianhua Qingwen Capsules from the NAFDAC, Nigeria.
During the 5 days, discussions will be held around the theme of the summit: “The role of intermediary cities in Africa in the implementation of the United Nations 2030 Agenda and the African Union Agenda 2063”. In line with the theme, Kisumu is the first intermediary city to host the event.
At the heart of a nation’s prosperity is prudent public financial management, and this begins with a well-planned and balanced budget.
Given the economic situation spreading across the globe in the last couple of years, it is with some optimism we can take the modest increase in Nigeria’s GDP.
AFC has committed to funding up to 50% of the new African Economic Resilience Facility and mobilising the remainder through the Corporation’s network of international partners and investors.
SODIC, a leading real estate developer in Egypt, opens a Civil Registry Office with Premium Services at The Strip in SODIC West.
The African Development Fund (ADF) approved a loan of $71.5 million to pave sections of two roads in southwestern Uganda, a project expected to boost livelihoods, school attendance and rural connectivity.
SouthBridge Group, the official financial advisor of the Togolese government, has announced two transactions with Olam International Limited and its subsidiary Arise Special Economic Zone.
SouthBridge Group, an innovative, pan-African financial advisory and investment firm, working with corporates, sovereigns and multinationals across the Continent, concluded two significant transactions in the Republic of Togo.
African Export-Import Bank (Afreximbank) and the Republic of Rwanda signed key documents related to the establishment of the Fund for Export-Development in Africa (FEDA), a development-oriented subsidiary of Afreximbank.
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.
The World Bank approved an education program supported by a $61.5 million grant from the Global Partnership for Education (GPE) for the Sudan Basic Education Support Project.
In an attempt to diversify its debt portfolio, Egypt Finance Ministry is getting ready to issue the country's first sovereign green bonds in the Middle East and North Africa (MENA) region.
The U.S. International Development Finance Corporation (DFC), signed a $14.75 million loan portfolio to support lending to small and medium enterprises in West Africa and the Sahel region.
ITFC signs agreement with Tunisia government to mobilize $ 1.5 billion as part of it integrated trade solutions
The International Islamic Trade Finance Corporation (ITFC) has signed a framework agreement with the Government of Tunisia to increase trade flows and build trade capacity within the Republic.
As part of efforts to ensure a hitch-free movement around the Victoria Island, Lekki Axis, Access Bank commissioned its Oniru road project with the Executive Governor of Lagos State, Babajide Sanwo-Olu.
The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF), the concessional arm of the African Development Bank Group, have signed a loan agreement of 73.6 billion Japanese yen, approximately $668.1 million, to support the 15th replenishment of the African Development Fund.
The World Bank approved $150 million in financing to improve access to modern energy for households, enterprises, and public institutions in Rwanda and to enhance the efficiency of electricity services.
The Sovereign Fund presents itself as an ambitious and innovative financial instrument aimed at turbocharging the country's development. It will strive to modernize the country's economy
The U.S. International Development Finance Corporation (DFC) approved investments this quarter totaling more than $2.5 billion across nine projects that will advance development in Africa, Latin America, and emerging markets across the globe.
The World Bank approved a grant of $130.8 million from IDA to ease the movement of goods and people and improve access to social services and job opportunities in the refugee hosting districts in the West Nile sub-region of Uganda.
The World Bank approved a $104 million grant from the International Development Association (IDA) in support of skills development programs for Mozambican youth.
Pan African housing development financier Shelter Afrique has received $9.4 million from the Federal Republic of Nigeria, being the first tranche of the $29.3 million the country has committed in additional capital subscription.
The World Bank approved an $86 million credit for the Malawi government to increase access to financial services and promote the entrepreneurship and capabilities of micro, small, and medium enterprises (MSMEs) in Malawi.
World Bank launches Country Partnership Framework to support Central African Republic economic recovery
The World Bank Board of Executive Directors discussed a new five-year Country Partnership Framework to support the Central African Republic for FY21-FY25.
Egypt’s Finance Ministry has signed the first Islamic conventional financing which aims at supporting Egypt's public budget and economy.
Namibian Finance Minister announced the commencement of the Credit Guarantee Scheme for SMEs, to provide collateral cover of 60% for qualifying SMEs applying for finance from participating commercial finance institutions.
The European Bank for Reconstruction and Development (EBRD) is supporting the delivery of vital infrastructure services in Morocco with a €300 million financing package to state-owned utility and transport companies.
The World Bank approved a $50 million grant from the International Development Association (IDA) to improve access to electricity in Sierra Leone and enhance institutional capacity and commercial management of the sector.
Every five years the World Bank takes stock of Mozambique’s development progress and challenges via a Systematic Country Diagnostic (SCD) which informs the institution’s five-year lending and advisory program called Country Partnership Framework.
The Executive Board of the International Monetary Fund (IMF) completed the first review of The Gambia’s performance under a programme supported by a 39-month Extended Credit Facility (ECF) arrangement.
Reconstruction of road and rail links in the Madagascan capital Antananarivo will be accelerated following the disbursement of €16.4 million by the European Investment Bank.
The U.S.Trade and Development Agency (USTDA) signed a Memorandum of Understanding with The Eastern and Southern African Trade and Development Bank (TDB) to bring high-quality infrastructure solutions to sub-Saharan Africa.
IMF completes fourth review of Extended Fund Facility arrangement for Angola, approves $487.5m disbursement
The Executive Board of the International Monetary Fund (IMF) completed the fourth review of Angola’s economic program supported by an extended arrangement under the Extended Fund Facility (EFF).
The International Monetary Fund (IMF) completed the first and second reviews of the CAR economic and financial program by an ECF arrangement, enabling for the disbursement of $34.4 million.
The African Development Bank (AfDB) approved a grant of $11.26 million to the Government of Chad to finance the Girls' Education and Women's Literacy Project - the first Bank grant exclusively targeting women and girls.
The U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler announced a series of efforts to expand U.S. investment in Morocco.
The World Bank approved $150 million in IDA financing for a program of policy and institutional reforms intended to accelerate human capital development for inclusive economic growth in Rwanda.
The World Bank discussed a new five-year Country Partnership Framework (CPF) from 2021 to 2024 and approved a $1.5-billion package to help build a resilient recovery post-COVID19.
The World Bank approved a $100 million grant from the International Development Association (IDA) in support of Maputo Urban Transformation Project.
The Kenyan Ministry of ICT, Innovation & Youth Affairs and Netflix signed a two-year Memorandum of Understanding to jointly deliver efforts to strengthen the country’s creative industry.
Kenya and the Czech Republic have pledged to enhance their bilateral relations in an effort to improve health outcomes in the two countries. The collaboration will include workforce exchange, capacity building as well as medical speciality training.
As we have seen over time, when one sectors hits a low point, another is seen hitting high notes. Such is the situation as we’ve seen it lately.
The World Bank approved more than US$100 million in loans to help Cameroon deal with food and nutrition insecurity.
Research shows that the continent of Africa will experience unprecedented population growth over the next 30 years with a dramatic urban surge expected to pressure its cities, large and small.
The President of Tanzania, Samia Suluhu Hassan has stated that the country has a goal of producing 6,000MW from renewable energy by 2025.
Kenyan President Uhuru Kenyatta has announced an immediate increase in the country’s minimum wage by 12 percent to help workers cope with a surge in consumer prices.
MTN Nigeria reported a year-on-year decline of 1.3 million mobile subscribers down to 70.2 million in its Q1 2022 results as it feels the effects of Nigeria's new laws for SIM registration.
Oscar-winning Kenyan actress has been named the Goodwill Ambassador of this year’s Africities Summit.
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
The government has announced plans to deploy 100,000 Kms of fibre optic infrastructure across the country.
Kenya Airways has been granted waivers and deferrals on unpaid interest on KES25 billion shillings (USD217 million) worth of loans from the Kenyan government.
The Ghanaian Government has restricted the exportation of two commodities, soya bean, and maize from the country.
Following over a month of debates, Egypt's Senate approved on Monday a new government-drafted unified insurance law, which one MP described as necessary to cover a host of professions and services recently introduced into the insurance industry.
The objectives of the agreement include promoting increased agricultural productivity in Kenya and DR Congo, encouraging joint investment ventures between respective private entrepreneurs as well as boosting mutually beneficial trade between the two countries.
[Column] Patrick Conroy and Mark Venables: Africa’s energy transition: Finding the right mix to drive economic prosperity
While Africa is rich in renewable energy sources it must also lift nearly half-a-billion people out of poverty according to the United Nations.
Alliance Sahel: lors de leur 3ème Assemblée Générale, les membres renforcent et adaptent leurs engagements en faveur des populations sahéliennes.
[Nigeria Business Week] Andrea Ayemoba: FG targets unidentified sim cards, CBN targets non-compliant banks
Events this week have taken an interesting turn – investors have in the last few days demonstrated a lack of confidence in the banking sector, otherwise known for its resilience in the face of economic instability.
The unprecedented population boom in Africa, the highest world over, continues to put more pressure on food producers as they grapple with having more mouths to feed.
Total international air traffic for Ghana through the Kotoka International Airport will exceed 2.1 million people by the end of 2022 as a result of the latest easing of measures announced at the airport by President Akufo-Addo.
Centres for the Fourth Industrial Revolution shape new policies and strategies in technology governance that enable agile implementation and iteration via a fast-growing network of national and sub-national centres.
The Nigerian stock market indicators have shown lately a typical pattern in stock markets – investors stay loyal to the resilient stocks.
It comes as Wamkele Mene, Secretary General of the AfCFTA Secretariat, visits London to discuss how the UK can continue its work as a strategic partner to the trading bloc.
The Summit of EAC Heads of State at their 19th Ordinary Summit admitted DRC following recommendation by the Council of Ministers.
In keeping with its renowned tradition and believe in strategic partnership and collaboration, the Nigerian Communications Commission (NCC) has expressed its readiness to collaborate with the Bayelsa State Government in accelerating telecommunications infrastructure deployment, digital literacy and skills in the State.
The partnership, started three years ago after a 28 million Euros finance agreement was signed by the Indian Ocean Commission (IOC), on behalf of COMESA, EAC, IGAD and SADC, with the European Union (EU).
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
Nigeria has the potential to increase its oil and gas exports to Europe by ramping up production and increasing investment in exploration and infrastructure development.
Global energy transition policies are pushing for an increase in the use of gas as a transactional energy resource, thereby increasing the demand for liquefied natural gas
Kenya receives a $750 million boost from World Bank to support economic transformation post-pandemic
The World Bank has approved a $750 million Development Policy Operation (DPO) that will help strengthen Kenya's fiscal sustainability through reforms that contribute to greater transparency and the fight against corruption.
Kenya is set to host the first trade facilitation summit in the East African region as the country seeks to increase international trade.
The Committee on Trade, Tourism and Industry has directed Uganda National Bureau of Standards (UNBS) to withdraw their distinctive marks on all the energy drinks which have violated standards.
[Column] NJ Ayuk: Russia’s invasion of Ukraine has expanded the meaning of “energy transition” in Europe
The world is wondering, and rightfully so, if Africa’s gas reserves — an estimated 221.6 trillion cubic feet — could be part of the energy solution Europe so desperately needs.
[Column] Leoncio Amada: Restructuring African NOCs via partial privatization, a game changer in the African oil and gas industry
With globalization and fierce competition in the markets, both local and international, companies face demands for profitability, quality and technology that contribute to their continuous improvement.
Driven by its purpose to connect for a better future, Vodacom Group, in partnership with the Department of Basic Education (DBE), has installed its Virtual Classroom Solution at various schools in rural areas across three provinces in the country.
[Nigeria Business Week] Andrea Ayemoba: Experts point toward startup management for local productivity
Nigeria’s crown jewel, oil and gas, has been in a state of mild disrepair for several months now. There’s an ongoing fuel scarcity situation that is intensifying by the day and causing a ripple effect in every aspect of daily life.
The Nigerian Content Development and Monitoring Board (NCDMB) and the authorities of the Senegalese Petroleum Industry have agreed sign a Memorandum of Understanding (MoU) to guide Nigeria’s support for the development of Local Content in Senegal.
The UK Export Finance (UKEF), has provided £113 million of financial support for the Cameroonian Government to boost bilateral trade and help UK businesses complete essential roadworks that will unlock the country’s economic potential.
The Department of Science And Innovation (DSI) is piloting the use of 3D-printed homes to help address South Africa’s housing shortfall.
Moderna is building this state-of-the-art mRNA facility in Africa with the goal of producing up to 500 million doses of vaccines each year.
According to the organization’s Q1 2022 report, The State of African Energy, capital expenditure within Africa’s oil and gas sector will reach $30 billion in 2022 after a decline from $60 billion in 2014 to $22.5 billion in 2020
Small scale trade along the Kenya- Ethiopia border is poised to thrive following bilateral negotiations between the two parties to agree on a Common List of products to be traded under the COMESA Simplified Trade Regime (STR).
[South Africa] Health Department, Vodacom unveil multimillion-rand cold-chain equipment to boost vaccine storage and delivery
The Department of Health and Vodacom Group are pleased to announce that multimillion rand new cold chain equipment, that is expected to boost Covid-19 vaccine storage and distribution, is currently being distributed around the country.
Agriculturists and entrepreneurs are working harder than ever to address food sufficiency, but energy rests firmly on the government’s shoulders.
With over 36 billion barrels of oil (bbl) and 200 trillion cubic feet of natural gas, the country has managed to position itself as both an attractive upstream market and competitive producer.
[Zambia] Government partners with EU and COMESA on a Є6.8 million project to upgrade Zambian border posts
The Government of Zambia in partnership with the European Union (EU) and the Common Market for Eastern and Southern Africa (COMESA) have conducted the official launch of the 6.8 million Euros project to upgrade Zambian border posts.
For any investor, the most important factor to consider when choosing an investment destination is policy stability and predictability. These two aspects earn investors’ trust and build confidence. What happens when the business environment is highly unpredictable and unstable?
Manufacturers have called on Government to prioritize export-led industrialization for sustained economic growth.
The project is funded by the World Bank, the African Development Bank, the French Development Agency, the European Union with consideration from Nigeria. T
The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s reform agenda for state-owned enterprises (SOEs) through technical assistance aimed at developing and implementing a state ownership policy.
Over the last few years, Kenya has embarked on a rigorous campaign designed to restore and conserve the environment. The country has recorded remarkable progress on this front.
[Nigeria Business Week] Andrea Ayemoba: Domestic savings, capital formation meet infrastructure demands
The Federal Government is taking huge strides to strengthen the infrastructure and agriculture industries in Nigeria.