BUSINESS

Gozem and Etisalat Benin (Moov) announce the integration of Moov Money into the Gozem app

Hundreds of thousands of Gozem users in Benin can now enjoy the simplicity and security of Moov Money. The new integration of Moov Benin and Gozem means Gozem customers can now use Moov...

African Development Bank approves $43 million (€40 million) in grants for bridge linking Cameroon and Chad

The Board of Directors of the African Development Bank Group has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river. The grants,...

African leaders laud African Development Bank President Akinwumi Adesina for visionary leadership amid COVID crisis

South Africa’s President and African Union chairperson Cyril Ramaphosa and the Nobel peace laureate and former Liberian President Ellen Johnson Sirleaf have commended Akinwumi Adesina, President of the African Development Bank, for his visionary leadership and...

South Africa’s telecommunication giant MTN asks U.S. court to dismiss anti-terrorism case for Americans killed in Afghanistan

South Africa's telecommunication giant MTN has asked a United States court to terminate the case filed against it on December 27, 2019, asserting claims for civil monetary relief under the U.S. Anti-Terrorism Act.

African Energy Chamber calls on the Bank of central African states to relax forex rules

The African Energy Chamber has joined oil industry stakeholders in calling on the Bank of Central African States (BEAC) to relax its currency controls rules adopted in June 2019. Last year, the BEAC...

Agip Oil disregarded COVID-19 safety measures and put Nigerians at risk, group says

The Nigerian Oil AGIP Company Limited, a multinational oil and gas producing firm, disregarded safety measures and put Nigerian staff at risk, the National Youth Response Group said in a statement received by TODAY NEWS AFRICA...

African leaders meet virtually with 21 business tycoons to respond to COVID-19

African heads of state and government have met virtually with 21 business leaders on the continent to respond to COVID-19, the respiratory disease caused by the novel coronavirus. The video conference of the...

Billionaire Jeff Bezos should address concerns of Amazon workers worldwide during COVID-19, Amnesty says

The multinational U.S.-based company Amazon must ensure its workers across the globe receive adequate health and safety protection during the COVID-19 pandemic, Amnesty International said, as hundreds of U.S. Amazon workers prepare to call in sick...

Why Adesina deserves a second term at African Development Bank amid coronavirus pandemic – Perspectives by Dr. Patricia Laverley

This article is intended to highlight the recent achievements of the African Development Bank under President Akinwumi Adesina, underscore the need for a smooth Presidential re-election, and highlight the contributions of the Bank to COVID-19 containment...

Ecobank pledges $3 million to fight against COVID-19 across Africa

Ecobank Group has contributed about $3 million to the fight against COVID-19 across its footprint in Africa.  The pan-African bank said the money would be used to support the efforts of governments, the...

Latest News

IMF’s Abebe Aemro Selassie: African countries need additional $44 billion in 2020 to mitigate COVID-19 economic impacts

Abebe Aemro Selassie is the director of the African Department at the International Monetary Fund (IMF). In...

Akinwumi Adesina to step back as African Development Bank agrees to probe him again after Trump administration pressures

The African Development Bank’s board has agreed to open a fresh independent investigation of its President Akinwumi Adesina following pressures from the...

Trump administration asks African Development Bank to re-investigate its embattled President Akinwumi Adesina accused of nepotism and favoritism

The Donald Trump administration has written the African Development Bank, urging the continent’s biggest multilateral lender to reopen an investigation into...

African Development Bank: Tolling Bells for Humanity – Perspectives by Equatorial Guinea’s Minister of Finance Cesar MBA ABOGO

COVID-19 is severely testing Africa's social, economic and political resilience. While it is true that our countries are taking bold actions to...

African Development Bank approves €188m ($204m) loan for Mauritius to respond to COVID-19

The African Development Bank has approved €188 million ($204 million) loan for Mauritius to respond to the COVID-19 pandemic, the Group’s Board of Directors said...

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