Africa Investments 

Appointment of Mr. Achraf TARSIM as Country Manager designated for Morocco

The African Development Bank Group is pleased to announce the appointment of Mr. Achraf TARSIM as Country Manager designated for Morocco. Achraf, a Tunisian citizen, joined the Bank in 2009, as an economist in the Governance and Economic and Financial Reforms Department.  Prior to this appointment, Achraf was Regional Sector Manager – North Africa, responsible for Energy, Infrastructure and Financial… Read More
Africa 

Tackling Africa’s infrastucture post-pandemic [Interview]

Africa’s infrastructure networks increasingly lag behind the developed world. That’s according to a World Bank report on financing infrastructure. Sanjeev Gupta is Executive Director for Financial Services at the Africa Finance Corporation(AFC). Among others, the AFC is focused on solving the infrastructure needs on the continent. Sanjeev joins us from Lagos, Nigeria. Our Ignatius Annor spoke to him in the… Read More
Africa 

Magufuli died from Covid, says Tanzania opposition leader Tundu Lissu

Tanzania’s main opposition leader Tundu Lissu said Tanzania’s President John Magufuli died from the coronavirus last Wednesday. Tanzania has been plunged into sadness over the death of President John Magufuli with the country flying flags at half-mast and 14 days of mourning after the vice president announced on Wednesday he died of heart complications. Magufuli’s death comes after weeks of… Read More
Africa South Africa Southern Africa World 

100 Most Influential Young South Africans for 2020

– – As part of its annual programme to celebrate and acclaim South Africa’s outstanding youth, leading PR and Rating firm Avance Media has published the fifth edition of its annual 100 Most Influential Young South Africans ranking. This list which is focused on revealing the most-hardworking youth features individuals who stood tall in their businesses and careers amidst the… Read More
Africa Investments 

African Development Bank launches $2.5 billion 0.875% Global Benchmark due 23 March 2026

The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has launched and priced a $2.5 billion 5-year Global Benchmark bond due 23 March 2026, its first $ benchmark of the year. The new transaction represents AfDB’s largest 5-year $ Global Benchmark ever issued, as well as its largest orderbook achieved for a 5-year benchmark transaction. With the final… Read More
Africa Investments 

Uganda: African Development Bank signs $229.5 million financing agreement for the Kampala-Jinja Expressway Project

The African Development Bank and the Government of Uganda on Tuesday signed a $229.5 million financing agreement for the first phase of the Kampala-Jinja Expressway Project, which will cut travel time and boost trade along an important artery linking Uganda with its neighbors. The Kampala-Jinja Expressway Public-Private Partnership (PPP) Project-Phase I would improve travel flow, thereby “reducing travel time from… Read More
Africa 

AstraZeneca coronavirus vaccine rollout should continue, African Union

The African Union said that African countries should continue to use the Oxford-AstraZeneca’s coronavirus vaccine, as several nations in Europe and the Democratic Republic of Congo have suspended its use due to concerns of blood clots. Many countries in Africa are relying on the AstraZeneca vaccine as it is cheaper and easier to store. Under the Covax initiative, around 14,5… Read More
Africa 

S. Africa’s Zulu mourners accompany their late King with dance

The death of the Zulu king in South Africa has caused pain. But the passing of Goodwill Zwelithini has shone the spotlight on an incredible tradition of the Zulu people. The sights and sounds of the zulu culture is just a breathtaking sight to behold. Bare-breasted women in elaborate necklaces and headbands sang and danced as they paraded through the… Read More
Africa Featured South Africa Southern Africa World 

South Africa’s Zulu King Goodwill Zwelithini buried

– – South Africa’s Zulu King Goodwill Zwelithini who died this month at the age of 72 has been buried at a private ceremony on Thursday in KwaZulu-Natal He died after staying in hospital for weeks due to a problem with his blood glucose levels. His health took a turn for the worst, the royal house said leading to his death.… Read More
Africa 

Elephants vs. avocados: new battle for territory in Kenya

A new avocado farm in southern Kenya has met with backlash for supposedly blocking elephant migration routes. The tug-of-war over the 180 acres of land in the shadow of Mount Kilimanjaro tells a bigger tale: the struggle for the survival of elephants and other wildlife against the increase of agriculture to produce delicacies for rich countries. Tolstoy the elephant roams… Read More
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