The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy to recognize and uplift African entrepreneurs, has announced the top 50 finalists for its 2023 edition. With a remarkable 27,267 applications, ABH this year has seen the highest number of submissions since its inception in 2019, […]

On the sidelines of the Summit for a New Global Financing Pact in Paris, African leaders, investors and development partners, including the African Development Bank (AfDB) Group, have highlighted their steadfast support for the Alliance for Green Infrastructure in Africa as it advances toward a first close of $500 million for green infrastructure projects in […]

The United States Agency for International Development (USAID) has committed $3 million to the African Water Facility (AWF). The funding will support the preparation of water and sanitation investment projects in Africa, through the provision of grants and technical assistance to African countries and regional economic communities. The African Water Facility, an initiative of the […]

The Board of Directors of the African Development Bank Group has approved a $107.8 million loan to Tanzania to bolster governance and industrial competitiveness and reinforce social inclusion. The budget support loan will underwrite Tanzania’s Economic Competitiveness and Social Inclusion Program (ECSIP), an initiative to drive Tanzania’s sustainable recovery from the effects of the Covid-19 pandemic […]

For too many years, African hospitality leaders have worked incredibly hard to maintain operational standards when critical products are unavailable to be sourced on time due to a myriad of reasons, from changing trade restrictions, poor transport infrastructure, currency fluctuations, and supply chain breakages. This week leaders across the hospitality sector have descended into Nairobi […]

The 29th ordinary session of the Executive Committee of United Cities and Local Governments of Africa (UCLG Africa) took place on June 3rd 2023, at Ciala Resorts in Kisumu, Kenya. The proceedings were led by Mrs. Fatimetou Abdel Malick, President of the Region of Nouakchott (Mauritania) and President of UCLG Africa, in the presence of 12 […]

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the call for nominations for the 2023 AWIEF Awards. In its seventh edition, since 2017, the prestigious awards recognize, honour, and celebrate the achievements of female entrepreneurs and business owners in Africa, across various industry sectors, for their contribution to the continent’s inclusive economic growth […]

Africa’s rising status as a global leader in digital transformation was firmly cemented during day one of the inaugural GITEX Africa 2023 as tech leaders from across the continent and the world gathered to collaborate and pledge their commitments to accelerating cross-continent investment opportunities.   GITEX Africa, which runs until Friday in Marrakech, Morocco, welcomed thousands […]

Delegates attending the 2023 African Development Bank Group’s  Annual Meetings in Sharm El Sheikh, Egypt, celebrated Africa Day on Thursday amid hopes for better prospects for the continent and its youth. The commemoration, which marks the 60th anniversary of the establishment of the African Union, allowed for retrospection by member countries on how the continent can […]

The Business Council of Africa (BCA) recently concluded its highly anticipated inaugural ceremony of the BCA African Business Book of the Year Awards, honoring exceptional contributions to business literature in Africa. The event which took place on May 19 brought together authors, industry leaders, Africa watchers and literary enthusiasts to celebrate the winners of this […]