Africa

oluwasina Phillip The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, has received the Leadership Person of the Year award from the Leadership Newspaper Group in Nigeria. The award was given “in recognition of his impeccable public service record and extra-ordinary accomplishments in driving the growth and development of the …

The African Development Bank has disclosed plans to spend the sum of $700 million to support livestock development projects across African countries. President of African Development Bank, (AfDB), Akinwunmi Adesina, made this known, on Tuesday, in Uyo, Akwa Ibom State, where the Executive Secretary of the Tertiary Education Trust Fund …

Oluwasina Phillip The African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid Intelligent Technologies (Liquid), a pan-African telecommunications technology group. This is the first investment made by FEDA, a development impact-oriented subsidiary of Afreximbank, which provides equity and quasi-equity …

Ololade Omosan-Agie The African Export-Import Bank (Afreximbank) has released its audited financial statements for the six months ended 30 June 2021, showinga solid performance, in line with expectations. The results, which reflected a net income of $168.9 million for the period a 12% increase over $150.75 million recorded in 2020, …

The President of the African Development Bank, Akinwumi Adesina, has said the International Monetary Fund’s Special Drawing Rights allocation of $650bn, which includes $27bn to African countries, will help to boost the reserves of developing countries.  He said this during a closed-door session between German Chancellor Angela Merkel and heads …

Ebuka Daniel African Export-Import Bank (Afreximbank) has announced funding and technical support to the Youth Alliance for Leadership and Development in Africa (YALDA), an international nonprofit organisation that aims to contribute to the development of Africa’s young leaders and enhance youth participation in the implementation and achievement of the African …

Oluwasina Phillip  President Cyril Ramaphosa, of the Republic of South Africa and African Union (AU) COVID-19 Champion, has announced the start of monthly shipments of vaccines acquired by the AU / African Vaccine Acquisition Trust (AVAT) to the AU Member States today.  An initiative by the AU Member States to …

Ebuka Daniel The Board of Governors of the International Monetary Fund on Monday approved a general allocation of Special Drawing Rights equivalent to $650bn to boost global liquidity. The amount is the largest SDR allocation in the history of the IMF and a shot in the arm for the global …

Ololade Omosan-Agie The African Development Bank has reiterated its commitment to “closing the financing gap” for women and warned of the impact of gender inequality on food systems in Africa. Speaking in Rome during the pre-summit to the 2021 United Nations Food Systems Summit, the Bank’s Vice President for Agriculture, …

Ebuka Daniel The International Monetary Fund (IMF) has projected that its financial assistance to low-income countries, most of which are in Africa, could hit $48 billion covering the current COVID-19 pandemic and its immediate aftermath. In a release on its efforts to help low-income countries hard-hit by the pandemic, the …