Africa 

Could climate change adaptation unlock Africa’s agricultural productivity?

While agriculture is the dominant sector in many African countries, employing more than 60 percent of the population and contributing about 23 percent of GDP. And yet, the Food and Agriculture Organisation estimates that the continent could produce two to three times more grains, cereals, horticultural crops and livestock among others. The finance minister of the Democratic Republic of Congo… Read More
Africa Investments 

African Development Bank Group launches dedicated trust fund for circular economy

The African Development Bank Group today launched its first Africa Circular Economy Facility during its 2022 Annual Meetings. The circular economy is a model of production and consumption that involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible. The Bank Group’s Board of Directors approved the facility on 30 March. As a trust… Read More
Africa Investments 

Ethiopia: African Development Bank signs $830,000 grant agreement to improve climate resilience for communities and ecosystems

The African Development Bank has signed an $830,000 technical assistance grant agreement for Ethiopia. The funds will help mainstream climate risk management, gender and resilience into economic planning and development in the country’s Ziway-Shallah sub-Basin. The signing took place on Thursday 26 May during the African Development Bank Group’s 2022 Annual Meetings, which are taking place in Accra. Semereta Sewasew,… Read More
Africa 

How Africa’s tech sector can thrive – and it’s not all about legalising Bitcoin

Speculation over which country would be the next to adopt Bitcoin as an official currency has largely centred on Central and South America, following El Salvador’s move seven months ago to become the first country to make the cryptocurrency legal tender. It would actually be the Central African Republic (CAR) that became the second country to vote in favour of… Read More
Africa 

Burkina Faso: At least 50 killed in jihadist attack on eastern rural village

Deadly attacks attributed to armed jihadists against civilians and the military have multiplied in recent weeks in Burkina Faso, the latest of which left some 50 civilians dead in the east. This attack, carried out on Wednesday against the commune of Madjoari, which has between 15 and 20,000 inhabitants, but announced on Thursday, is the bloodiest since the one perpetrated… Read More
Africa 

Rwanda hotels prepare to receive asylum seekers from UK

Hotels and guest houses in Rwanda are being prepared to accommodate asylum-seekers illegally arriving into the UK. It’s part of a controversial deal, signed by Rwanda and Britain, to deport illegal migrants to Kigali. The plan aims to discourage desperate migrants from attempting to cross the English Channel by flying them some 6,400 kilometres to Rwanda where they are expected… Read More
Africa Investments 

Leveraging the power of Special Drawing Rights: how developed countries can help boost Africa’s development

Q1: At the African Union Summit of Heads of State and Government in Addis Ababa, in February, African leaders called for providing Africa with a larger part of the re-allocated Special Drawing Rights. Do you think Africa can succeed in securing a bigger settlement? Africa must succeed. Countries are expected to access additional Special Drawing Rights (SDRs) through initiatives led… Read More
Africa Investments 

Africa Day –African leaders express optimism for the Africa we want

Governors, the board, management and staff of the African Development Bank Group—meeting in the Ghanaian capital for its annual meetings this week—devoted much of Wednesday to celebrating Africa Day. African nations and institutions mark Africa Day annually on 25 May to celebrate the 1963 founding of the erstwhile Organisation of African Unity—today the African Union. The Bank Group held a… Read More
Africa 

Rival Libya leader Bashagha says he has no plans to rule from Tripoli

Libya’s rival prime minister, Fathi Bashagha, has said he has no immediate plans to rule from Tripoli after his attempted move there last week sparked clashes and fears of a return to widespread civil strife. Bashagha said his government would work from its headquarters in Sirte, a city on the Mediterranean coast about halfway between the country’s east and west. Rival… Read More
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