• 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

Nov
27

Art born out of adversity

This December, the auction house Bruun Rasmussen Auctioneers, together with the Swedish auction house Bukowskis and auction house British Bonhams, will host a magnificent CoBrA Live Auction in Copenhagen, Denmark’s capital. At the auction a wide selection of works from a large number of artists related to CoBrA by the movement’s prominent artists such as […]

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Nov
26

Sweden: Plan to stop men violence against women

The Swedish Government will soon begin work on a new action plan to counter and combat men’s violence against women. The action plan will contain concrete measures to ensure that effective steps to combat men’s violence against women are taken. Men’s violence against women is a major social problem that violates and limits women’s fundamental […]

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Nov
24

Liberia gets $5.12 million to finance food production

The board of directors of the African Development Bank Group has approved $5.12 million to finance the Emergency Food Production Program in Liberia. The funding includes a grant of $2.28 million and a loan of $2.84 million from the Bank Group’s Transition Support Facility. This paves the way for the government to support farmers as they increase […]

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Nov
23

US, Africa business forum next month

The Corporate Council on Africa is pleased to announce it is co-hosting the 2022 U.S.-Africa Business Forum (USABF) on December 14, which will bring together African heads of state and U.S. and African business and government leaders to discuss the most promising sectors in which to advance mutually beneficial two-way trade and investment. USABF is […]

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Nov
21

Meet Africa’s Business Heroes for 2022

The Africa’s Business Heroes (ABH) Prize Competition announced this year’s winners during a hybrid Grand Finale held in Johannesburg, South Africa. Elia Timotheo from Tanzania, Tesh Mbaabu from Kenya and Nadia Gamal El Din from Egypt were named first, second and third prize winners, respectively. ABH is a philanthropic initiative sponsored by the Jack Ma Foundation […]

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Nov
19

UNWTO connects tourism and culture in Nigeria

Held in Lagos, Nigeria, the first World Tourism Organization (UNWTO) Global Conference on Linking Tourism, Culture and Creative Industries, celebrated the close ties between the two major sectors. Around 40% of all tourists cite culture as the main motivation for travelling, and UNWTO is leading the way in bridging the two areas, including through strategic partnerships with […]

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Nov
17

Scope publishes first credit rating in Africa

Scope Ratings, the European credit rating agency, has published its first sovereign credit rating of Africa, with a credit assessment of the Republic of South Africa (rated BB+ with Stable Outlook). “The rating of South Africa marks Scope’s first public sovereign rating in one of the world’s fastest-growing regions, a continent where domestic financial systems are developing […]

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Nov
17

Liberia: Symposium for first-time voters

The Swedish Institute Alumni Network Liberia (SIANL) is aware of how important next year’s presidential and legislative elections in Liberia are for the future of the young people. The decisions of the youth in the October 2023 elections are crucial for changing the face of democracy and the livelihood of the Liberian populace. As the […]

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Nov
17

$6m to develop COMESA pharmaceutical sector

The Board of Directors of the African Development Fund (ADF), the concessional lending arm of the African Development Bank Group, on 2 November in Abidjan, Ivory Coast approved a $6.63 million grant to the Common Market for Eastern and Southern Africa (COMESA) to develop the pharmaceutical sector in the sub-region. The project, which will be […]

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Nov
15

Africa: Great things to come from new oil, gas economies

By NJ Ayuk, Chairman, African Energy Chamber  While the consensus opinion of the western elites may be that oil and gas is a dirty, outdated technology staggering on its last legs, the African Energy Chamber remains grounded in reality. As proponents of a zero-carbon future tout the promises of solar, wind, geothermal, and hydropower – […]

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