• Adesina talks Sustainable Development Goals

    Monday, April 29, 2024

    African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development Bank’s 50th anniversary celebrations in Riyadh, he highlighted a growing annual financial shortfall of $4 trillion, a gap that threatens to derail efforts to achieve the […]

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  • 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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News

Apr
8

Bank allots $10 billion to Africa coronavirus response

The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility of $10 billion to government and the private sector to assist regional member countries in fighting the pandemic. The facility is the latest measure taken by the bank to respond to the pandemic and will be the institution’s primary channel […]

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Apr
6

Sweden: Strategy in response to coronavirus pandemic

The COVID-19 (coronavirus) pandemic is testing our society. In recent weeks, the Swedish Government has presented a range of different measures to safeguard people’s lives, health and jobs. “This crisis will continue for a long time. It will be tough. But our society is strong. If everyone takes their responsibility, together we will overcome it,” […]

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Apr
5

Norway gives $14 million to UN coronavirus fund

Norway will provide about $14 million dollars to a United Nations (UN) fund to respond to the coronavirus pandemic. “We are pleased that the UN acted so quickly on our proposal to establish a global fund to respond to the Covid-19 pandemic. Norway is providing a first contribution of NOK 150 million to enable the […]

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Apr
4

Liberians must bond in power of oneness

By Alexander Redd The current Covid-19, known as coronavirus, is dangerous. Many lives have been lost as a result of its potency. Disruption of normalcy of our lives; be it you, families, relatives, friends – we all feel the pain, anxiety, and fear not knowing how things are going to pan out in days, weeks, […]

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Apr
3

Sweden extends coronavirus travel ban to June

In light of the extensive spread of the COVID-19 virus and the rapidly changing and uncertain situation for travelers, Sweden’s Ministry for Foreign Affairs has extended the decision it took on 14 March to advise against non-essential travel to all countries so that it applies until 15 June. For countries or areas to which the […]

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Apr
1

$2 million donation to battle coronavirus in Africa

The Board of Directors of the African Development Bank (AfDB) on Tuesday approved  $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the COVID-19 pandemic and mitigate its impacts. The grant, which is in response to an international appeal by the WHO, will be […]

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Mar
31

Sierra Leone reports first case of coronavirus

The Ministry of Health and Sanitation of the Republic of Sierra Leone has reported the country’s first case of COVID-19 or coronavirus. Samples tested at the Military 34 Hospital, and two other accredited laboratories to detect the virus, in the capital Freetown turned out positive on the evening of 30 March 2020. The patient, a […]

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Mar
31

Swedish package for jobs and transition

The Swedish Government, the Centre Party and the Liberal Party are now presenting further measures to alleviate the impact of the coronavirus outbreak on jobs and the economy in Sweden. The ongoing virus outbreak is having a major impact on the Swedish economy and many people have become, or risk becoming, unemployed. To alleviate the […]

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Mar
30

EFLA wants Liberians to heed advice of health workers

The European Federation of Liberian Associations (EFLA) has called on Liberians at home and abroad, specifically Liberians in Europe, to heed the advice of health practitioners so as to prevent the Coronavirus from wreaking havoc in Liberia and other parts of the world. In a March 30 release, signed by Secretary General Francis Monnoh Mensah […]

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Mar
27

Bank launches $3 billion coronavirus fight in Africa

The African Development Bank (AfDB) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 (coronavirus) pandemic will have on livelihoods and Africa’s economies.   The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank treasuries, and […]

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