BUSINESS

Infrastructure fund Africa50 helps Egypt’s solar power sector take off

A 37-square-kilometer solar park so large that it can be seen from space, with over seven million photovoltaic panels, and funding of $4 billion. In Africa? Impossible? Not anymore.  Thirty international infrastructure developers...

African Development Bank joins Nasdaq sustainable bond network

Nasdaq (Nasdaq: NDAQ) on Wednesday announced the inclusion of the African Development Bank, one of the world’s  largest issuers of social bonds, in the Nasdaq Sustainable Bond Network (NSBN). The NSBN is a global and publicly...

MTN supporting fundraising campaign for UNICEF and WFP’s COVID-19 response across Africa

MTN released a statement on Tuesday, saying it was pleased "be supporting the United Nations Children’s Fund (UNICEF) and the World Food Programme (WFP) to help mobilise funds for children and families across Sub-Saharan Africa affected by...

African Development Bank debars Sieyuan Electric and Subsidiaries for fraud

The African Development Bank Group (AfDB) on June 16, 2020, announced the conclusion of a negotiated settlement agreement with Sieyuan Electric Co. Ltd., a China-based contractor, thus resolving various sanctionable practices committed by the company.

Ramaphosa refers information protection and liquor products bills to parliament

South Africa's President Cyril Ramaphosa has requested Parliament to reconsider the Protection of State Information Bill and the Liquor Products Amendment Bill. The presidency said the request was based "on reservations the President...

Facebook launches Messenger Kids across Sub-Saharan Africa – Giving parents supervision over their children’s online activity

Facebook, on Wednesday, started rolling out Messenger Kids, a video chat and messaging app that helps children connect with friends and family in a fun, parent-controlled space. Available to download from the...

Nigeria Senate to probe BPE over non-performance of Paper Mills

The Nigerian Senate has mandated its Committee on Privatization to investigate the operations and non-performance of paper mills sold by the Bureau of Public Enterprises to private interests. This was just as the...

African Development Bank approves $1.2 million grant for Ethiopia-Sudan railway study

The African Development Bank’s Board of Directors has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.

African Development Bank unveils strategy roadmap to safeguard food security against impacts of COVID-19

The African Development Bank has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft...

From farm to fork: Here are the women championing agricultural transformation in Africa

From Sudan to Mali, Senegal to Mozambique, and Zambia to Mauritania, women are changing the face of agriculture, adapting and innovating to tackle the challenges of climate change, and feeding the continent’s growing population.

Latest News

IMF approves disbursement of $152.61 million to Gabon to respond to COVID-19

The International Monetary Fund (IMF) on Friday approved a disbursement of $152.61 million to Gabon to...

IMF approves $49.1 million loan for Lesotho to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved $49.1 million loan for Lesotho to respond to COVID-19 economic fallout.

IMF approves $110.4 million in emergency support for Eswatini to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved $110.4 million in emergency support for the Kingdom of Eswatini to respond to...

Three IMF economists pen must-read op-ed on corruption and COVID-19, even as African governments receive billions of dollars in loans

Three IMF economists have penned down a must-read op-ed on corruption and COVID-19 as African governments receive billions in loans. The opinion...

IMF approves nearly $4.3 billion loan for South Africa to respond to COVID-19 economic crisis

The International Monetary Fund (IMF) on Monday approved nearly $4.3 billion loan for South Africa to respond to COVID-19 economic crisis.

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