• Fighting money laundering in West Africa

    Sunday, April 21, 2024

    The African Development Bank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year support project to combat money laundering and terrorism financing in their member countries. The project, titled “Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism in GIABA Member States in Transition,” will […]

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  • Basketball Africa League continues in Egypt

    Thursday, April 18, 2024

    The Basketball Africa League (BAL) today announced the 52 players from 11 countries across Africa, Europe and the U.S. who will compete in the 2024 Basketball Africa League’s (BAL) Nile Conference group phase, which will take place from Friday, April 19 – Saturday, April 27 at the Hassan Mostafa Indoor Sports Complex in Cairo, Egypt*. […]

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  • OPEC participates in African energy forum

    Thursday, April 18, 2024

    The director of research of the Organization of Petroleum Exporting Countries (OPEC) Ayed S. Al-Qahtani will deliver a keynote address at the upcoming Invest in African Energy (IAE) 2024 forum in Paris, France affirming the importance of African oil supplies in global affairs.   Home to six OPEC member countries, the African continent is playing a […]

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  • Bahamas hosts AfriCaribbean trade forum

    Friday, April 12, 2024

    Bahamas and African Export-Import Bank (Afreximbank) today signed the Agreement for The Bahamas to host the 31st Afreximbank Annual Meetings (AAM) and the third edition of the AfriCaribbean Trade and Investment Forum (ACTIF). The AAM will be held in Nassau, The Bahamas, from June 12-14. Professor Benedict Oramah, President and Chairman of the Board of Directors, […]

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  • Africa: Major expansion of projects and investment

    Monday, April 8, 2024

    Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has announced its most impactful year to date, with unprecedented expansion of projects and investments spanning energy, transportation, mining, food, textiles and climate resilience. Underpinning robust growth in earnings and total assets, AFC successfully navigating the global geopolitical, inflationary and debt distress challenges of 2023 to […]

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News

May
4

Rajoelina wins 2023 Babacar Ndiaye Super Prize

The Africa Road Builders Selection Committee has named Madagascar’s President Andry Rajoelina, the winner of the prestigious Babacar Ndiaye Trophy, for his commitment to infrastructure development in the island state. He succeeds Tanzanian President Samia Suluhu, who won the award in 2022. According to a press release by the committee, members chose President Rajoelina at […]

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Apr
30

African, Asian development banks exchange views

In the last week of March, the African Development Bank (AfDB) hosted a team from the Asian Development Bank (ADB) to exchange views on operational policies. The visiting team met with various AfDB teams, including the policy and strategy department, business transformation and business process re-engineering, corporate performance and accountability, management operations and programming and budget department. […]

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Apr
25

Africa: Natural capital must finance development

Africa must use all its comparative advantages to mobilize the resources it needs to finance its sustainable development ambitions. Since 2010, official development assistance has declined, falling to its lowest level of $34 billion in 2022, according to Organisation for Economic Co-operation and Development (OECD) estimates. Access to international capital markets remains constrained and costly […]

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Apr
24

Basketball Africa League continues in Egypt

Basketball Africa League (BAL) today announced the rosters of the six teams that will compete in the league’s Nile Conference group phase from April 26 – May 6 at Hassan Mostafa Indoor Sports Complex in Cairo, Egypt.    The six teams are Al Ahly (Egypt), Cape Town Tigers (South Africa), City Oilers (Uganda), Club Atlético […]

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Apr
19

Voice cloning scams are new frontier for fraudsters

Imagine receiving a call, email or SMS from the authorities urgently requesting payment. The details of the request are clear, professional and include personal information unique to you, so there is no reason to doubt it. This scam is fairly common and the majority of consumers are on the lookout for it. Now imagine receiving […]

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Apr
17

Africa: Music streaming site provides more exposure

Africa-facing music streaming and download platform, Boomplay has officially announced the roll-out of its partnership product offerings, allowing artists, brands and potential advertisers to optimize towards more precise exposure and visibility. Notably, there’s been an upward scramble for attention, as evidenced by a fast-paced society with higher technology and internet penetration. As the attention span gets thinner, […]

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Apr
13

African Development Bank helps Burundi

The African Development Bank (AfDB) Group will mobilize close to $4 million to help Burundi urgently procure over 3,000 tons of fertilizer over the upcoming agricultural season. The support will enable the country to procure fertilizer for the first phase of the season, which begins in May. The country’s needs for the entire season are […]

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Apr
11

Rwanda to host AWIEF Conference in November

Rwanda’s Ministry of ICT and Innovation and Rwanda Convention Bureau have confirmed their partnership with the Africa Women Innovation and Entrepreneurship Forum (AWIEF) for its 2023 conference. The 9th edition of the annual AWIEF Conference, Exhibition and Awards will be held at the Kigali Convention Centre, in Rwanda, on 9 and 10 November 2023. Established in […]

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Apr
7

$8m to support banking efficiency in West Africa

The Board of Directors of the African Development Fund has approved $8 million in funding toward the establishment of a digitally interoperable unique bank identification system and harmonized customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone. Implementation of the project will commence in July 2023, led by the West African Monetary Institute (WAMI), […]

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Apr
6

Liberia: Project aims to improve primary education

A three-day Outcome Mapping Forum of the Teaching and Learning in Fragile Contexts (TLFC) Project was held recently in Monrovia, Liberia’s capital. The forum aimed to bring education partners and stakeholders together so they can jointly develop the detailed pathways of change and the eventual outcomes of the TLFC Project being implemented by CODE, TALLE […]

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