• Africa could lose $25 billion per year

    Thursday, December 7, 2023

    African Development Bank Group President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalizing value-added exports including steel, cement, iron, aluminium and fertilizers. Adesina said, “With Africa’s energy deficit and reliance mainly on fossil fuels, especially diesel, the implication is that Africa will […]

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  • Weah wins international peace award

    Monday, December 4, 2023

    The International Association of World Peace Advocates (IAWPA) through the office of its International Director, African Affairs, His Eminence, Amb. Dr. John Metchie, yesterday, announced Liberian President, George Opong Weah, as the winner of this year’s International Peace Prize Medal Award 2023. The award is in total appreciation of the just-concluded presidential election in Liberia, […]

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  • $175m pledged for ‘green infrastructure’ in Africa

    Sunday, December 3, 2023

    In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent. The […]

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  • How can Africa finance the energy transition?

    Friday, December 1, 2023

    By NJ Ayuk, Executive Chairman, African Energy Chamber From an African perspective, one of the most important things to come out of COP15, the 2009 United Nations Climate Change Conference in Copenhagen, was the formal recognition of the fact that lower-income countries were not in a position to bear as much of the cost of […]

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  • COP 28: Africa urges spotlight on climate finance

    Wednesday, November 29, 2023

     The African Development Bank (AfDB) will mobilize financing for climate action at this year’s UN Climate Change Conference, COP28, and amplify Africa’s calls for robust commitments by wealthy countries to meet the continent’s urgent needs in addressing climate change. The bank group, led by its President, Dr Akinwumi Adesina, will launch and cement several climate […]

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News

Feb
26

A forum on resilient food systems in Africa

The Global Center on Adaptation (GCA) in collaboration with the African Development Bank and the Wangari Mathai Institute recently concluded a three-day regional forum on the future of resilient food systems in Africa. The forum in Nairobi, Kenya, called the Future of Resilient Food Systems in Africa – AAAP Digital Solutions for a Changing Climate provided training […]

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Feb
22

President Ruto: Kenya is open for business

Kenyan President William Ruto has told the international community that Kenya is ready for business. He said the country is undergoing radical transformation that guarantees investors a return on their money. Kenya, he added, offers a robust and conducive environment to trade and investment. “We have a robust environment with an open, liberal and business-friendly […]

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Feb
19

Africa’s macro-economic performance report is out

African leaders have pledged to take immediate action to integrate the recommendations from the newly released Africa’s Macro-Economic Performance and Outlook report into their national development plans. Zambian President Hakainde Hichilema said the study, conducted by the African Development Bank Group, provided an impetus for the continent’s leaders to forge ahead with needed reforms. His remarks were […]

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Feb
15

African leaders want more funds for projects

African leaders urged development finance institutions and international partners to increase support and funding for infrastructure project preparation initiatives, including providing more grant resources to the NEPAD-Infrastructure Project Preparation Facility (NEPAD-IPPF) hosted by the African Development Bank. In a communiqué released after the close of the Second Infrastructure Financing Summit in Dakar, African presidents also […]

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Feb
13

Liberia in ECOWAS Court for church massacre

The ECOWAS Court of Justice will on Thursday hold an online hearing on the Liberian Government’s failure to ensure accountability for the Lutheran Church massacre. This hearing will be the first time the government is forced to respond in court for its failure to investigate human rights and humanitarian law violations committed during the two […]

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Feb
13

Basketball Africa League’s 2023 season opens in March

The Basketball Africa League (BAL) today announced the top 12 club teams from 12 African countries that will compete in the 2023 BAL season, which will tip off on Saturday, March 11 at the Dakar Arena in Dakar, Senegal, and will once again feature a total of 38 games in Dakar; Cairo, Egypt and Kigali, […]

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Feb
9

OPEC loans Africa $50m to build infrastructure

The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a US$50 million loan agreement to finance the development of infrastructure critical to economic growth and job creation across the continent. The proceeds of the 10-year loan will be used to improve connectivity, transport, logistics, trade and to boost […]

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Feb
7

Liberian Independence day to be celebrated in Holland

The European Federation of Liberian Associations (EFLA), in collaboration with the Liberian Association in the Netherlands (LAN), proudly announces the joint 176th Liberian European Diaspora Independence Day celebrations in Amsterdam, The Netherlands (Holland). According to EFLA Secretary General Francis Mensah, the three-day celebration will be held from Friday, July 28 to Sunday, July 30, 2023. The […]

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Feb
5

Senegal wins African title

Algeria’s hopes of winning the TotalEnergies African Nations Championship (CHAN) on home soil were crushed in heartbreaking fashion as they lost 5-4 on penalties to Senegal in the final on Saturday. The Local Teranga Lions edged hosts in a very tense final at the Nelson Mandela Stadium in Algiers in front of 39,120 football fans […]

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Feb
5

Sri Lanka hopes to expand business ties with Africa

The First Sri Lanka-Africa Business Forum was held on Friday in Colombo, Sri Lanka. The meeting was attended by 17 visiting Heads of Mission from the African region and CEOs and business leaders from Sri Lanka. Discussions focused on how Sri Lankan businesses could leverage their comparative advantage to enter the African regional markets. The […]

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