Africa Investments 

Fonds africain de développement : plus de 7,4 millions de dollars de don pour lutter contre les maladies tropicales négligées au Burkina Faso, au…

Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé, le 8 décembre 2022, l’octroi d’un don de 7 443 664 dollars, dans le cadre du projet « Infrastructure sanitaire de qualité de la CEDEAO pour lutter contre les maladies tropicales négligées », déployé aux frontières communes du Burkina Faso, du Niger et du Mali. L’Organisation ouest-africaine de la santé (OOAS)… Read More
Africa 

Burkina Faso orders UN coordinator to leave, declares the diplomat “persona non grata”

Burkina Faso has ordered the UN’s coordinator in the country to leave by the end of the day, declaring her “persona non grata”, the foreign ministry said Friday. Italian diplomat Barbara Manzi, the United Nations Resident Coordinator in Burkina Faso, “is declared persona non grata in the territory of Burkina Faso”, the ministry said, without giving any official reason for… Read More
Africa Investments 

African Development Bank unveils the African Pharmaceutical Technology Foundation at the 2nd International Conference on Public Health in Africa

The African Development Bank Group has formally introduced its new initiative that will join hands with the African Union to boost Africa’s capacity to produce drugs, vaccines, diagnostics, and therapeutics all along the value chain, to help build its pharmaceutical sector. The African Pharmaceutical Technology Foundation (APTF) was the focus of a forum hosted by the African Development Bank under… Read More
Africa Investments 

Tunisia: African Development Bank Group Board approves $27 million and €10 million loans for Kairouan solar plant

The Board of Directors of the African Development Bank Group has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia. The Board approval covers $10 million and another €10 million from the Bank, and $17 million concessional financing from the Sustainable Energy Fund for Africa (SEFA), a… Read More
Africa 

Algeria’s ride hailing services app Yassir eyes expansion to more countries

Algerian transport services app Yassir has seen its workforce grow from five employees in 2017 to over 1,000 in six countries, and its co-founder says there is more room for growth. “We started from nothing and now we have reached some important figures,” says Mehdi Yettou, Yassir co-founder. The popular phone app provides ride-hailing, grocery drop-off and payment services, operating… Read More
Africa 

South Africa: Fuel tanker explosion kills at least nine near hospital

A truck carrying liquified petroleum gas exploded in the South African town of Boksburg, east of Johannesburg, on Saturday killing at least nine people and injuring 50 others, officials said. The top of the truck scraped a low-lying bridge, sparking flames that caused the explosion, according to emergency services officials. Gauteng province Premier Panyaza Lesufi announced the latest death toll… Read More
Africa Investments 

Senegal: African Development Bank provides an additional €5.01 million for the Diamniadio Digital Technology Park

The Board of Directors of the African Development Bank Group on 8 December 2022 approved additional financing of €5.01 million for the future Digital Technology Park in Diamniadio, Senegal.  The African Development Bank Group thus confirms its support for the project, initiated in 2016 thanks to an initial loan of €60.96 million it extended to the country. Although the project… Read More
Africa Investments 

African Development Bank approves $40 million Trade Finance Package to Bank One Limited Mauritius

The Board of Directors of the African Development Bank Group has approved a $40 million Trade Finance Package in favor of Bank One Limited of Mauritius. The financial package comprises a $25 million Risk Participation Agreement and a $15 million Transaction Guarantee. The transaction guarantee facility will allow the Bank to provide, on a transaction basis, up to 100% guarantee… Read More
Africa 

Ethiopia: State investigators releases final report on deadly 2019 Boeing 737-8 Max crash

Nearly four years after the crash of Ethiopian Airlines flight ET302 that killed 157 people, Ethiopian officials reiterated their accusations towards Boeing over mechanical faults they say downed the 737-MAX 8 aircraft. State investigators on Friday released their final report into the crash.  The head of Ethiopia’s investigation, Amdeye Ayalew, blamed Boeing for their failure to “disclose early and attentively” issues… Read More
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