African fund receives very strong rating
The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) which assists financial institutions in Africa to scale up their SME financing through the provision of partial loan guarantees and capacity development assistance has received an Insurance Financial Strength (IFS) rating of ‘AA-‘ (very strong) from the globally renowned Fitch Ratings agency. “Since our establishment […]
‘Increased aid does not reduce migration’
The European Union (EU) wants to increase aid to African countries, but on condition that they take action to prevent migration to Europe. This approach is cynical and does not reduce migration, according to Lisa Åkesson, a researcher at Nordic Africa Institute (NAI), who participated in a recent seminar in Stockholm, Sweden, linked to last […]
Millions of Africans are internally displaced
As the world focuses its attention on preventing irregular migration and protecting refugees coming out of Africa, the displacement that happens behind its own borders persists at an alarming rate. A new report by the Internal Displacement Monitoring Centre (IDMC) and the Norwegian Refugee Council (NRC) reveals that since the beginning of 2017, 2.7 million […]
WorldRemit targets 5 million customers in Africa
Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa. As part of the expansion, WorldRemit will enable customers in Africa to transfer money to 148 countries as easily as […]
Sweden’s position on US statement about Jerusalem
The Government deeply regrets the US statement about Jerusalem. The UN has given Jerusalem a special legal and political status, which the Security Council has called upon the international community to respect. There is a risk that this statement may lead to strong reactions and greater instability in an already turbulent region, and have long-term […]
Sirleaf: National memories must unify Liberians
On the shoulders of the intersection of Broad and Buchanan Streets in Monrovia, the Liberian capital, sits a 174-year old building painted in dominant white with dotted brown curvy designs on every side. That’s the National Museum of Liberia- a historic and cultural asset that shriveled in ruins for many years. The structure, representative of […]
S.Leone: Parliament ratifies hydropower agreements
The parliament of Sierra Leone has ratified the 25-year Power Purchase and Implementation Agreements signed in August between the country’s government and Joule Africa, an company based in the UK. This marks another important milestone in the development of the Bumbuna II hydropower project which, when completed, will provide much-needed all-year round power to Sierra […]
Swedish Prime Minister’s speech at AU-EU summit
President Ouattara, Commission Chairperson Moussa Faki, African and European Heads of State and Government, Excellencies, ladies and gentlemen, Dear friends, Africa and Europe share a past – and we share a future. Strengthening our partnership will help us to address mutual concerns and challenges. Excellencies, What does the future hold for young Europeans and young […]
Pastor stresses importance of praise and worship
To praise and worship God is the mark of a Christian, says the pastor of the Sweden-based Family Worship Center. Pastor Ola Oluayo said “this is what makes a true believer, noting that “when we praise God, we hear Him talking more to us than we talking to Him” Pastor Oluayo told Nordic Africa News […]
Potential of tourism in poverty alleviation
The potential of tourism in poverty alleviation and to induce transformative change has been addressed in Lusaka, capital city of Zambia, in the World Tourism Organization (UNWTO) Conference on Promoting Sustainable Tourism, a Tool for Inclusive Growth and Community Engagement in Africa. The conference, a flagship event of the Africa region for the celebration of […]
