The African Development Bank (AfDB) Group has approved loans totaling €139.68 million to support youth employment and entrepreneurship in Côte d’Ivoire, targeting key sectors with high job creation potential. The loan comprised of €126.32 million from the bank’s commercial development window and €13.36 million from its concessional lending arm, the African Development Fund, will help […]

By NJ Ayuk, Executive Chairman, African Energy Chamber I’ve said for years that African energy is a vital investment. Backers clearly agree — to the tune of USD47 billion. That’s how much capital expenditure (capex) 2024 saw in African oil and gas, showing a 23% increase from last year. Better yet, we expect growth to […]

The Africa Investment Forum 2024 Markets Days has recorded a total of $29.2 billion in new investor interests after three days of boardroom discussions in Rabat, Morocco.  The Chair of the Africa Investment Forum, President of the African Development Bank, Dr Akinwumi A Adesina, described this latest total as “truly outstanding” and added that this […]

The African Development Bank and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. The signing ceremony took place on 4 December during the 2024 Africa Investment Forum (AIF) Market Days in Rabat, Morocco. The risk-sharing agreement will enable Bank of Africa SA to provide […]

The Ministry of Tourism and Cultural Affairs of Sierra Leone, in collaboration with UN Tourism, successfully hosted a three-day Women in Tourism Regional Congress themed “Beyond empowerment to Education, Innovation, and Finance Access”. The event brought together over 500 participants from the public and private sectors, hospitality, and the cultural and creative industries across Sierra […]

As we conclude 2024, TikTok stands as a transformative platform for creators, reshaping the cultural, social, and economic landscapes of Africa. This year, TikTok wasn’t just a platform for trends and challenges—it became a powerhouse for cultural celebration, community building, and entrepreneurial success. From amplifying underrepresented voices to inspiring social change, TikTok empowered creators across […]

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, in collaboration with the United Nations Economic Commission for Africa, the Enhanced Integrated Framework (EIF) and governments of Benin, Burkina Faso, Guinea, Mauritania, Niger, Senegal, Togo, organized a series of workshops in the selected countries to promote and assess […]

Revenues from sales of arms and military services by the 100 largest companies in the industry reached $632 billion in 2023, a real-terms increase of 4.2 per cent compared with 2022, according to new data released today by the Stockholm International Peace Research Institute (SIPRI). Arms revenue increases were seen in all regions, with particularly […]

Over 250 Sub-Sovereign government leaders from across Africa met in Kisumu, Kenya, for the the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference. Taking place between the 25th and 27th of November, the event provided a platform for Sub-Sovereign leaders and businesses to discuss how their local governments can attract investments in the region in […]

The 2024 West Africa Deal Summit (WADS) concluded on Wednesday, with a call for more regional collaboration to mobilize catalytic capital to address West Africa’s unique socioeconomic challenges. The two-day event attended by over 400 investors, entrepreneurs, government representatives, and thought leaders, focused on building innovative financing mechanisms.  The summit themed “Actions to Deepen Catalytic […]