• 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

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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Nov
12

COP 27: Weah warns of inequity between emitters

Liberian President Dr. George Manneh Weah Tuesday warned world leaders meeting in Sharm el-Sheikh, Egypt, that the inequity and imbalance between high and low emitters in the climate change architecture still remain high, and that the financial flows also remain disproportionate and unfair to emitting countries.   The president especially called attention to those significant carbon […]

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Nov
12

African writers, artists for AU anniversary

Ten African writers and visual artists who will contribute their creative ideas to the African Union’s 20-year celebrations have been selected as part of the AU20 Artists & Writers Residency Program. Following an Africa-wide call, 10 successful applicants were selected for the AU20 Artists & Writers Residency Program which received close to 1000 submissions in […]

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