Africa Investments 

Nigeria: African Development Bank Board approves $134 million loan to boost local food production

The Board of Directors of the African Development Bank Group on Friday approved a $134 million loan for the National Agriculture Growth Scheme – Agro Pocket program in Nigeria to scale up food production and boost livelihood resilience. The program will support fast-tracking of the implementation of key policy and institutional reforms and boost private sector participation in agriculture. This… Read More
Africa Investments 

Fitch Ratings affirms African Development Bank at 'AAA'; Outlook Stable

On July 13, the global credit rating agency Fitch Ratings affirmed the African Development Bank’s long-term credit rating: AAA with a Stable Outlook. This is a very strong endorsement of the African Development Bank’s financial strength and profile, as well as the extraordinary support of its shareholders. The importance of the Bank’s public mandate, its governance, and the excellent quality… Read More
Africa 

Tigray: Rebels set up team to negotiate peace with Ethiopian gvt

Rebels in the Ethiopian region of Tigray have set up a team of negotiators to discuss peace, a spokesman for the rebels announced Monday. This comes almost a month after federal authorities named a team of seven negotiators for possible peace talks. On July 14, the day after the first meeting of its own negotiating committee, the Ethiopian federal government… Read More
Africa 

William Ruto is ‘confident’ he will win the Kenyan presidential elections

Kenya’s outgoing Deputy President William Ruto said he is confident in winning the elections and believes the east African state is a “democratic nation” and that the election will not be tampered with. “I know there are notions that oh you see if you put the current President and the current leader of the opposition on one side it becomes… Read More
Africa Investments 

African Development Bank grants $1.4 million to Export Trading Group to strengthen entrepreneurship skills of women-owned & led businesses in…

The Board of Directors of the African Development Bank Group has approved a $1.4 million technical assistance grant to Export Trading Group (ETG) for the funding of women-owned businesses in three countries in Sub-Saharan Africa. ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and processors in Sub-Saharan Africa. The project will enable 600 women-led businesses… Read More
Africa Investments 

African Economic Conference invites researchers to submit papers for 2022 edition

The organizers of the African Economic Conference have issued a call for research and policy papers that focus on the event’s theme: Supporting Climate-Smart Development in Africa. This year’s conference will be held from December 9–11 in Port Louis, Mauritius. As has been the practice over the years, it will be hosted by the African Development Bank, the Economic Commission… Read More
Africa 

Italy turns to Algeria for additional gas supply

Italian Prime Minister Mario Draghi visited Algeria on Monday to sign several agreements, including an energy deal to boost gas supplies and reduce his country’s reliance on Russian gas. Draghi was received by Algerian President Abdelmadjid Tebboune, ahead of the two leaders chairing a ministerial meeting at which several deals are expected to be signed. “Tomorrow, an important agreement between… Read More
Africa 

Delegates call for implementation of last climate change resolutions

The 13th Petersberg Climate Dialogue began this Monday at the Ministry of Foreign Affairs in Berlin, during which ministers and delegations from several countries recalled the urgency to move to the implementation of all the previous resolutions made during the last meeting in order to limit global warming to 1.5 degrees. The Petersberg Climate Dialogue will pave the way for… Read More
Africa 

Kenya: UN expert hails historic reparations ruling in favour of indigenous peoples

The historic ruling follows a landmark judgment delivered by the Court on 26 May 2017, finding that the Government of Kenya had violated the right to life, property, natural resources, development, religion and culture of the Ogiek, under the African Charter on Human and Peoples’ Rights. ‘Important step’ “This judgment and award of reparations marks another important step in the… Read More
Africa Investments 

Sécurité alimentaire au Cameroun : prêt de 63 millions d’euros de la Banque africaine de développement

Le Conseil d’administration de la Banque africaine de développement a approuvé, le 15 juillet 2022, à Abidjan, l’octroi d’un prêt de 62,99 millions d’euros au Cameroun. Le financement va permettre au pays d’augmenter la production des principales cultures agricoles (riz, maïs, sorgho, mil, soja, pomme de terre, huile de palme et cultures maraichères), afin d’atténuer l’impact de la crise alimentaire… Read More
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