• 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
1

Why privatizing Liberia’s economy is important

By Mengistu Eddie Wolokollie Liberia is a West-African developing country that has a difficult economic situation related to political instability and conflicts that occurred in the past. Since 1980, Liberia was torn by inner conflicts, because of the coup against President William R. Tolbert. The government policy led by this president was rather ineffective and […]

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Jan
31

African economic growth will pick up this year

Africa’s economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank’s 2020 African Economic Outlook (AEO) revealed Thursday. The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” […]

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Jan
29

Agriculture is the world’s most important business

African Development Bank President Akinwumi Adesina reminded students of the important role they have to play in the continent’s economic development, as he was conferred with an honorary doctorate in his homeland. The Doctorate of Science was awarded by the Federal University of Agriculture in Abeokuta, Nigeria, on Tuesday, in honor of Adesina’s work in […]

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Jan
28

Equatorial Guinea launches Year of Investment

Equatorial Guinea has kicked off a year-long investment campaign aimed at driving capital investment into the country’s bankable projects. Major U.S. firms have pledged to increase their investment in Equatorial Guinea in 2020, along with Nigerian banking and financial institutions. Notable investment-ready projects include the construction of two modular oil refineries, an ammonia plant, a […]

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Jan
27

Sweden gives $12m to global climate change fight

Sweden has contributed SEK 100 million (approximately US$12 million) to help rural farmers adapt to a changing climate and to help reduce greenhouse gas emissions in developing countries, the International Fund for Agricultural Development (IFAD) announced recently. Sweden’s contribution supports IFAD’s commitment to invest at least $890 million in climate-focused actions by 2021. This includes […]

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Jan
25

UN reviews Sweden’s human rights compliance

Sweden’s human rights compliance will be reviewed within the framework of the UN’s Universal Periodic Review (UPR) on Monday 27 January in Geneva, Switzerland. Sweden’s delegation at the review before the UN Human Rights Council will for the first time be led by a government minister – Åsa Lindhagen, Minister for Gender Equality with responsibility […]

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Jan
24

No lasting peace without justice

Lasting peace and the prosperity that comes with it cannot be achieved without justice, the Commonwealth Secretary-General has declared, during a keynote speech in the Hague. Patricia Scotland was addressing the International Criminal Court (ICC) as guest of honor for the opening of the new judicial year. The distinguished lawyer and former Attorney General in […]

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Jan
24

Successes of Weah’s two-year old presidency

On January 22, Liberian President George Weah marked his second year in office. For this occasion, the government released the short video above to chronicle 21 of his accomplishments.  The construction of public infrastructure, reduction of the exorbitant salaries of public officials, declaration of a tuition-free university education are among his accomplishments named in the video […]

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Jan
23

Africa is in unmatched transformation

Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium. “The Africa of the 21st century is very different. The Africa of the 21st century is new and more […]

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Jan
22

LSA official celebrates 60th birthday in Stockholm

Surrounded by family, friends and well wishers, Winifred Nicol Sandy celebrated her 60th birthday on January 18 in Stockholm, the capital of Sweden Mrs. Sandy had actually turned 60 on December 31, 2019 but threw a grand party last Saturday. The party brought together several Liberians, Sierra Leoneans, Nigerians and others from different communities. The […]

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