Africa 

Morocco claims migrants died of ‘asphyxiation’

A Moroccan fact-finding mission concluded on Wednesday that the African migrants who died in “stampedes” during an attempt to enter the Spanish enclave of Melilla (northern Morocco) at the end of June died of asphyxiation, blaming the police. “23 migrants died as a result of the attempt to cross into Melilla,” confirmed Amina Bouayach, president of the National Council for… Read More
Africa 

Benin: Head of top court resigns to ‘renew commitment’ to ruling party

The president of Benin’s Constitutional Court Joseph Djogbénou has resigned from his post, the institution announced Tuesday, six months before the January 2023 legislative elections. “The vice president of the Constitutional Court has received the letter of resignation of Mr. Joseph Djogbénou in his capacity as advisor and consequently as president,” said the press release published on the Court’s website.… Read More
Africa Investments 

African Development Bank and partners to work together on Zimbabwe’s debt action plan

Zimbabwe has received reassurance of support for a strong push to help it clear its debt arrears. African Development Bank Group President Dr. Akinwumi Adesina, representatives of multilateral finance institutions, the Zimbabwean government, and other partners have agreed to work together to develop an action plan that will resolve the country’s debt arrears. Zimbabwe owes $13.5billion to multilateral financial institutions,… Read More
Africa Investments 

African Development Bank Group approves Euro 50 million Trade Finance Risk Participation Partnership with Societe Generale to support local banks and…

The Board of Directors of the African Development Bank Group on Wednesday 13 July approved a €50 million unfunded risk-sharing facility partnership with Societe Generale to further support trade finance activities across Africa. The facility will contribute to reducing Africa’s trade finance gap by enhancing Societe Generale’s risk bearing capacity by up to fifty percent, enabling it to provide increased… Read More
Africa 

Africa to drive global population growth in UN report estimating 8 billion mark for November

More than half of the projected increase in the global population up to 2050 will be concentrated in eight countries, the UN has said, five of which are in Africa. The Democratic Republic of the Congo, Egypt, Ethiopia, Nigeria, and Tanzania, the new UN report – World Population Prospects 2022 –released Tuesday shows will contribute more than half to the increase… Read More
Africa 

Biden opens 1st Mideast trip as president in Israel

Last updated: 1 hour ago US President Joe Biden arrived at Israel’s Ben Gurion Airport, as part of the first Middle East visit of his presidency.  He was greeted by Israeli President Isaac Herzog, Prime Minister Yair Lapid and Alternate Israeli Prime Minister Naftali Bennett. US President Joe Biden takes part in a wreath-laying ceremony at the Holocaust memorial Yad… Read More
Africa Investments 

Côte d'Ivoire: The African Development Bank Group extends $400,000 grant to build capacity of public financial institution

The African Development Bank Group has approved on 13 July 2022 a $400,000 technical assistance grant to the Deposit and Consignment Office of Côte d’Ivoire (CDC-CI, a State bank handling official deposits). The funding comes from the Capital Markets Development Trust Fund, a multi-donor fund administered by the African Development Bank. The grant will help the CDC-CI to better support… Read More
Africa 

France: fires ravage 1700 hectares of forest near Bordeaux

Last updated: 50 minutes ago Aerial images filmed from a helicopter flying over the fires in Gironde (south-west France, some 40 kilometres south of Bordeaux), which have already ravaged 1,700 hectares of pine trees, forcing the evacuation of 6,000 campers,  after two separate fires which are still raging in the pine forests.  “It was apocalyptic,” says the village’s mayor, speaking… Read More
Africa 

South Africa: Owner of bar where 21 teenagers died arrested

Three people have been arrested after the mysterious deaths of 21 youths in late June at an informal bar in East London, southeast South Africa, police said Wednesday. The 52-year-old owner of the illegal but tolerated bar and two of his employees, aged 33 and 34, were detained for serving alcoholic beverages under illegal conditions, a police statement said without… Read More
Africa Investments 

African Development Bank ranks first on Global Aid Transparency Index

Publish What You Fund, the global campaign for aid and development transparency, has named the African Development Bank the most transparent organisation in the world. The Bank’s Sovereign Portfolio now ranks first out of 50 global development institutions in Publish What You Fund’s 2022 Aid Transparency Index, released today with a top score of 98.5. African Development Bank Group President,… Read More
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