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 […]

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, […]

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 […]

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 […]

 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 […]

The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has named the winners of this year’s competition. The announcement took place during an AR-enabled Grand Finale held in Kigali, Rwanda, which also captivated a global audience through a live broadcast. The top three Africa’s Business […]

African countries still face significant capacity gaps in macroeconomic modeling, despite the huge strides they have made in terms of forecasting, analysis, and effective policy management, a new African Development Bank Group study has found. The report, Benchmark Macroeconomic Models for Effective Policy Management in Africa, was launched in the Ethiopian capital Addis Ababa by the Bank […]

Through the Swedish International Development Cooperation Agency (Sida), Sweden is providing an additional SEK 149 million to the civilian population in Sudan. This support will help meet growing humanitarian needs resulting from the armed conflict that broke out in April this year. Parts of the support will also go towards food security and protection of […]

By Alexander Redd, Th.D The recent presidential runoff race between the incumbent President George M. Weah and formidable contender Joseph N. Boakai has indelibly influenced the nation’s political fabric and psyche. The presidential race was full of strategic tactics, betrayals and a touch of dishonesty, creating uncertainty around the country’s future. However, the peaceful environment […]

African countries need to show stronger political will to advance industrialization, including the adoption of new policies to promote improved productivity and harness the potential of a growing youth population, delegates attending the 2023 African Economic Conference heard. The three-day conference opened in the Ethiopian capital, Addis Ababa, on Wednesday under the theme “Imperatives for […]