• 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

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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Feb
4

How Liberia lost $23.5m on illegal debt cancellation

By S. Karweaye Liberia has abundant natural resources. For many years the country was among the largest producers of iron ore in Africa, and in 2020, Liberia exported $322m in iron ore, spurred by growth in demand for metals in Europe and Asia making Liberia the 19th largest exporter of Iron Ore in the world. […]

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Jan
31

Global: Children call for universal education

Through an innovative, children-led campaign delivered by the UN’s global fund for education in emergencies, Education Cannot Wait (ECW), crisis-impacted girls and boys worldwide are sharing “Postcards from the Edge” to call on world leaders and public and private sector donors to make good on promises to ensure education for all by 2030 as outlined […]

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