BUSINESS

African Development Bank ranked 4th on global index of transparency

Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index. The Index is the only independent measure of aid transparency among the world’s major...

African Development Bank approves $3 million loan reallocation to agriculture sector for COVID-19 response in Togo

The Board of Directors of the African Development Bank have approved the reallocation of $3 million in loan resources to help Togo purchase agricultural inputs to enhance food security in the wake of the COVID-19 pandemic.

African Development Bank approves $10 million loan to Seychelles to respond to COVID-19 economic fallout

The Board of Directors of the African Development Bank on Monday approved a $10 million loan to the Republic of Seychelles to support the government’s COVID-19 response program. The loan will be channeled toward macroeconomic stabilization,...

MTN assists with the development of the Africa COVID Communications and Information Platform

Together with host nations and strategic partners, MTN has supported in the establishment of the Africa COVID Communications and Information Platform (ACCIP) driven by the United Nations’ Economic Commission for Africa (ECA) and Africa Center for...

African Development Bank approves EUR 88 million loan to Cameroon to respond to COVID-19 economic devastation

The Board of Directors of the African Development Bank on Monday approved a EUR 88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response.The loan, to...

President Ramaphosa: My priorities in South Africa’s infrastructure development amid COVID-19 economic devastation

In a major address on Tuesday at the Sustainable Infrastructure Development Symposium of South Africa, President Cyril Ramaphosa lamented the economic devastation of COVID-19, the respiratory disease caused by the novel coronavirus, and argued that investing...

S&P Global affirms African Development Bank’s AAA rating

Ratings agency S&P Global on Friday affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlookThe rating agency positively assessed the Bank’s very strong...

Africa’s richest man Aliko Dangote says cement company has sustained 54,000 jobs in 4 African countries despite tough economic conditions

Dangote Cement has sustained 54,000 jobs in four African countries, Africa's richest man and President of Dangote Group Aliko Dangote told stakeholders at the company’s 11th annual general meeting in Lagos. The four countries where the company operates are...

Ramaphosa hosts infrastructure development symposium to drive growth of South Africa’s economy amid COVID-19

President Cyril Ramaphosa will on 23 June 2020 open the inaugural Sustainable Infrastructure Development Symposium of South Africa (SIDSSA).The Symposium will be held under the theme “Investing in infrastructure for shared prosperity:...

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...

Latest News

IMF says Senegalese economy severely hit by COVID-19 would rebound in 2021

The International Monetary Fund (IMF) said on Monday that the Senegalese economy, which has been severely...

In moving film, UN calls for collective action to tackle global challenges, including COVID-19, racism, climate change and poverty

The United Nations, Project Everyone and 72 Films are launching “Nations United - Urgent Solutions for Urgent Times,” a first of...

UN calls for bold action for world to recover from COVID-19

Amidst a crisis unlike any other in our lifetimes, with COVID-19 destroying lives and livelihoods across the globe, the 75th session...

Top UN economists warn of crises of our own making if global “megatrends” left unchecked

Five human‑made “megatrends” will  continue to  dominate and frustrate global efforts to put the world on a more sustainable and prosperous...

IMF approves disbursement of additional $1 billion for Angola to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved the disbursement of an additional $1 billion for Angola to respond to...

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