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 Africa presents many challenges to doing business, but to those who are willing to learn and understand the intricacy of the Continent many benefits await www.africaglobalvillage.com

Africa Investments 

African Development Bank adopts new Country Strategy paper for Egypt covering 2022-2026

Elwin Mandowa,
The African Development Bank Group’s Board of Directors has approved Egypt’s Country Strategy Paper for the 2022-2026 period. Under the new strategy, the Bank will be guided by the priorities of the country’s National Development Plan— also known as Egypt’s Vision 2030— and its Government Action Program 2023-2027. The goal is to support the country’s efforts to build a competitive… Read More
Africa Investments 

Zambia : African Development Fund approves $14.4 million loan to boost food security in regional breadbasket

Elwin Mandowa,
The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a $14.4 million loan to enhance food security in Zambia, a key supplier to countries in the region. The financing is anchored in the African Development Bank Group’s African Emergency Food Production Facility. In Zambia, it will provide certified seeds… Read More
Africa Investments 

USTDA and AIF Showcase Women as Investment Champions

Elwin Mandowa,
The U.S. Trade and Development Agency (USTDA) and African Development Bank’s Africa Investment Forum (AIF) co-hosted a forum of 40 women leaders who are delivering high-quality solutions for Africa’s infrastructure needs. The forum took place during last week’s U.S.-Africa Business Summit, in Marrakech, Morocco. During the forum, USTDA and AIF showcased how their existing partnership advances women-led sustainable infrastructure in… Read More
Development Health Advice 

UNAIDS calls for urgent global action as progress against HIV falters

Global Author
Globally, the number of new infections dropped by only 3.6 per cent between 2020 and 2021, the smallest annual decline in new HIV infections since 2016, said UNAIDS. The agency warned that progress in prevention and treatment has faltered worldwide, putting millions of lives at risk. “In 2021, there were 1.5 million new HIV infections and 650,000 AIDS-related deaths. This translates… Read More
Development Health Advice 

Monkeypox vaccine: WHO urges countries to share data on effectiveness

Global Author
“At this time, we do not recommend mass vaccination against monkeypox”, the agency’s chief Tedros Adhanom Gebreyesus told journalists on Wednesday. Tedros informed that one smallpox vaccine, called MVA-BN, has been approved in Canada, the European Union and the United States for use against Monkeypox, while two other vaccines, LC16 and ACAM2000, are currently being considered. More data “However, we… Read More
Africa Investments 

African Economic Outlook 2022: African Development Bank and IMF experts underscore the urgency of climate financing for Africa

Elwin Mandowa,
African Development Bank and International Monetary Fund (IMF) experts have stressed the urgency of mobilizing climate financing for Africa during a panel discussion on the African Development Bank’s 2022 African Economic Outlook hosted by the IMF in Washington, DC on Monday. Participants at the meeting heard that African countries need to mobilize $1.6 trillion between 2022 and 2030 to meet their… Read More
Africa Investments 

NEPAD-Infrastructure Project Preparation Facility and COMESA Secretariat launch market analysis for the Africa Cloud Ecosystem Project

Elwin Mandowa,
The Secretariat for the Common Market for Eastern and Southern Africa (COMESA) and the African Development Bank have launched phase one of the Africa Cloud Ecosystem Project, to be financed with a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility Special Fund (NEPAD-IPPF) to support the market analysis and pre-investment study for the project. The signing ceremony for the… Read More
Africa Business South Africa Southern Africa World 

Don’t lose your lottery ticket – here’s how

Elwin Mandowa, , , , , , , , ,
– – Some might remember the man from Ekurhuleni who almost lost the ticket that won him R63 million in South Africa’s Lotto draw. He recalled how he spent R100 on a quick-pick selection, but then nearly misplaced that all-important ticket before placing it in his cupboard for safekeeping. His is a positive story, but there are some negative ones,… Read More
Africa Investments 

Mozambique: African Development Fund approves additional $5.6 million grant funding to bolster food security and resilience

Elwin Mandowa,
The Board of Directors of the African Development Fund has approved a $5.6 million grant in additional funding for Mozambique’s Post Cyclone Idai and Kenneth Emergency Recovery and Resilience Program. This additional funding is under the Bank’s African Emergency Food Production Facility aims to build the resilience of Mozambique’s food systems in response to the current global food crisis, worsened… Read More
Africa Business Southern Africa World Zimbabwe 

Zimbabwe’s gold coins that are to tackle soaring inflation

Elwin Mandowa, , , , , , , , ,
Interest rate has doubled in July alone to 200% with annual rate of inflation rising above 190%. The coin called “Mosi-oa-Tunya” means “The Smoke Which Thunders”. It refers to Victoria Falls, on the border between Zimbabwe and Zambia. According to the country’s central bank the coins will be priced at the international market rate with each going for an ounce… Read More
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