Raising funds for African railway

The African Development Bank has signed a Memorandum of Understanding (MoU), joining global partners to mobilize resources for the Lobito Corridor and the Zambia-Lobito rail line in southern and central Africa. Other signatories included the United States government, the European Commission, the Africa Finance Corporation (AFC), and the host governments of Zambia, Angola and the […]

Tanzania: Small farmers get $2.5m grant

The Board of Directors of the African Development Bank Group approved a $2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. The funds, approved on October 19, will come from the Global Agriculture & Food Security Program to support mainly food system service providers in rural areas. The program aims to increase […]

Advancing sustainable investment in Africa

The second day of African Energy Week (AEW) 2023 – organized by African Energy Chamber – featured a roundtable hosted by inter-governmental organization, the International Energy Forum (IEF). The roundtable featured a diverse lineup of industry leaders who examined how Africa can leverage its energy markets to achieve its UN Sustainable Development Goals and COP28 […]

Nordic, Irish entrepreneurs urge to invest in Africa

The African Development Bank Group’s chief economist Prof Kevin Chika Urama has urged entrepreneurs in Nordic countries and Ireland to make Africa their business and investment destination. Prof Urama, on an official visit to Denmark, Finland, Ireland, Norway and Sweden between 25-29 September, said Africa’s population boom – projected to make it the world’s most […]

ECOWAS’ campaign for cross-border traders

The ECOWAS Commission, through its Directorates of Trade, Customs Union & Taxation, and Free Movement of Persons & Migration, along with the ECOWAS Gender Development Centre, on Monday, October 9 officially launched an awareness raising campaign on Small Scale Cross Border Trade (SSCBT) for traders, particularly women in the Ghanaian city of Tema. This launch […]

Easing the negative impacts of migration

The African Development Bank (AfDB) and the International Organization for Migration (IOM) have produced a joint report examining the nexus between humanitarian, peace, development and migration. The report, titled Diaspora Engagement, Climate-Induced Migration and Skills Mobility: A focus on Africa, was discussed in a special session in Abidjan, Ivory Coast held on October 5, the […]

AfDB, Ecowas Bank enhance regional food security

The African Development Bank (AfDB) Group and the ECOWAS Bank for Investment and Development (EBID) have signed an agreement for a dual currency line of credit comprising $50 million and €50 million to support local agricultural businesses in West Africa. Dr. George Agyekum Donkor, president and chairman of the board of directors of EBID, and […]

Global Black Impact Summit on scientific pioneers

The Global Black Impact Summit (GBIS) – taking place on November 30-December 1, 2023 in Dubai, powered by the Black Impact Foundation and organized by Energy Capital & Power – serves to celebrate the achievements, contributions and potential of the Black community across a diverse range of industries. The scientific community, in particular, is home […]

Ruto calls for partnership at US-Africa forum

On the margins of the United Nations General Assembly (UNGA), Invest Africa, a leading pan-African trade and investment platform, hosted a US-Africa Investment Forum at which Kenyan President William Ruto underscored the urgency of addressing climate change as well as Africa’s potential to lead the energy transition. This year, African leaders at UNGA united to […]

Africa: Free trade area to create many opportunities

“It Is time for Africa to take her destiny in her own hands and to determine her own developmental agenda. However, doing so will not be easy. It will require commitment, courage, and deliberate action. Traders need to seek out new market opportunities rather than the conventional route of turning to markets abroad”. Rallying words […]