Africa 

Kenya counts on $28 billion budget to achieve recovery

Kenya’s finance ministry unveiled on Thursday the Government’s budget for the 2022/23 fiscal year aimed at reviving the economy. The budget still awaits Parliament’s approval. Ukur Yatani presented Thursday a $28 billion budget aimed at reviving an economy undermined by the loss of hundreds of thousands of jobs caused by the Covid-19 pandemic. The 2022-2023 budget, announced four months before… Read More
Africa 

S. Africa: Calls for calm after vigilante group murders a Zimbabwean

One day after the South African police announced a man had been killed by anti-immigrant protesters, authorities call for calm. “We don’t want and we can’t support any South African who takes the law into their own hands“, David Makhura, the Premier of the Gauteng province -where the killing occurred- said Accompanied by a Home Affairs’ team, the 54-year-old reiterated… Read More
Africa Investments 

Appointment of Evaluator General of the African Development Bank: Mrs. Karen ROT-MÜNSTERMANN

The African Development Bank is pleased to announce the appointment of Mrs. Karen Rot-Münstermann as Evaluator General of the African Development Bank, effective from 16th April 2022. Mrs. Rot-Münstermann, a Dutch citizen, is currently the Acting Evaluator General and Division Manager, Knowledge Management, Outreach and Capacity Development in the Independent Development Evaluation Department (BDEV). Before joining the Bank in 2009,… Read More
Africa Investments 

Green Banks can plug climate finance gap—participants at MENA Climate Week hear

Green Banks have a critical role to play in overcoming climate finance gaps, participants of an African Development Bank event held on the side lines of Middle East and North Africa Climate Week. Organized in partnership with the Islamic Development Bank, A Green Finance Facilities Ecosystem: a $3tn opportunity for Africa brought together climate finance experts from both multilateral development… Read More
East Africa 

Tanzanian President Samia Suluhu Hassan wins the 2022 Babacar Ndiaye Trophy for transport success

The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent ABIDJAN, Ivory Coast, April 8, 2022/ — Tanzanian President Samia Suluhu Hassan has been named the 2022 winner of the Africa Road Builders–Babacar Ndiaye Trophy. The prize is awarded to leading figures in Africa who have demonstrated… Read More
Africa 

Nigerian navies conduct joint anti-piracy drills in Lagos

Nigerian and European Union forces conduct joint anti-piracy drills at the Western Naval Command in Lagos, to demonstrate their capabilities in the Gulf of Guinea. Piracy in the Gulf of Guinea — home to Sub-Saharan Africa’s two main oil producers, Nigeria and Angola — has seriously disrupted international shipping routes and cost the global economy billions of dollars. The idea… Read More
Africa 

Leading Africa’s economic recovery [Business Africa]

The African Development Bank has secured investment funding to finance infrastructure projects, development of resilient agricultural systems and strengthening of the continent’s manufacturing capacity in the health sector. Having drawn lessons from the devastating COVID 19 pandemic, the bank is determined to nurture the capacity of African economies to survive and thrive through similar crises that may strike in the… Read More
Africa 

Sudan: Court acquits Bashir-era figures accused of plotting against transition

A Sudanese court acquitted on Thursday close allies of former leader Omar al-Bashir. The 13 former officials were accused of plotting against the democratic transition that begun after Bashir’s fall in 2019. Thirteen officials, including former head of diplomacy Ibrahim Ghandour and former members of the deposed autocrat’s National Congress Party (NCP), were “acquitted and the court ordered their immediate… Read More
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