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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 Group President strengthens partnership with Morocco

Elwin Mandowa,
African Development Bank Group President Akinwumi Adesina completed a four-day official visit to Morocco today. Meeting with Prime Minister Aziz Akhannouch in Marrakech on Thursday, Adesina, spoke of the “excellent relationship between Morocco and the African Development Bank.” “The Kingdom of Morocco is an extremely valued partner of the Bank, with a large portfolio of top-tier operations,” Adesina said. Adesina… Read More
Africa Investments 

Angola: African Development Bank EDs visit highlights country’s progress in stabilising public finances, stimulating economic diversification

Elwin Mandowa,
The African Development Bank’s Executive Director for Angola, Namibia, Zimbabwe and Mozambique has ended an official visit to Angola, noting  progress in the oil-rich nation’s reforms to stabilise and diversify the economy. During the visit which took place from 20 -21 July 2022, Dr. Judith Kateera engaged with government officials, visited projects and took stock of the African Development Bank’s… Read More
Development Health Advice 

WHO updates COVID-19 strategy in bid to vaccinate all health workers, those most at risk

Global Author
The plan prioritizes vaccinating 100 per cent of healthcare workers and vulnerable groups, including older persons and those with underlying conditions, in line with efforts to vaccinate 70 per cent of the global population.  More than 12 billion COVID-19 vaccine doses have been administered worldwide to date, resulting in countries reaching 60 per cent of their populations on average.  Yet… Read More
Africa Investments 

With a sevenfold budget increase, the Urban and Municipal Development Fund spearheads action for African cities

Elwin Mandowa,
On Thursday 7 and Friday 8 July 2022, partners and donors of the African Development Bank’s Urban and Municipal Development Fund (UMDF) met in Brussels at a meeting hosted by the Wallonia Export and Investment Agency. At this annual meeting, the oversight committee examined the UMDF’s results and strategy and how to mobilize new funding to support African cities. The… Read More
Africa Investments 

Sady Mwang'onda, Agro Dealer

Elwin Mandowa,
In Njombe and other Southern highland regions in Tanzania, one of the difficulties faced by farmers and agro-dealers is having enough fertilizers to adequately meet their farming needs. Agro-dealer Sady Mwang’onda knows far too well these challenges. As much as he and other agro-dealers would want to supply farmers with more fertilizers, they are challenged by various constraints. “We reached… Read More
Africa Investments 

African Development Bank approves Risk Participation Agreement with Crédit Agricole CIB to stimulate intra-African trade

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank. The deal will enable African banks and their small and medium-sized enterprise (SME) clients to participate more in regional and international trade. It aims to support a cumulative trade transaction volume of $450 million… Read More
Africa Investments 

The Gambia: African Development Fund approves additional $3.3 million financing for Rice Value Chain Transformation Program

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has approved a grant of $3.5 million from the African Development Fund’s Transition Support Facility as additional financing for a rice value chain transformation project in the Gambia. The Rice Value Chain Transformation Program was started in December 2018, with total grant financing of $7 million from the African Development… Read More
Africa Investments 

Invest in Africa, African Development Bank chief urges investors at U.S.-Africa Business Summit

Elwin Mandowa,
The President of the African Development Bank Group Dr. Akinwumi Adesina has given strong assurance to U.S. investors that Africa is a secure, competitive and profitable market for investment. Adesina was speaking on Wednesday at the U.S.-Africa Business Summit in Marrakech where he told American investors to see Africa as a logical investment destination and to engage with the continent… Read More
Development Health Advice 

Emergency Committee meets again as Monkeypox cases pass 14,000: WHO

Global Author
The committee first met last month but decided against declaring it a public health emergency of international concern. WHO chief Tedros Adhanom Ghebreyesus acknowledged his “acute” awareness that any decision regarding the possible determination involves “the consideration of many factors, with the ultimate goal of protecting public health”. The committee has already helped “delineate the dynamics of this outbreak,” he… Read More
Africa Investments 

Somalia: African Development Fund approves $5.4 million grant to build food security, as millions face crisis

Elwin Mandowa,
The Board of Directors of the African Development Fund has approved a $5.4 million grant to support the building of urgently needed food security in Somalia. The grant constitutes additional financing to the multinational Program to Build Resilience for Food and Nutrition Security (BREFONS) and will specifically deploy certified quality seeds of climate-adapted fodder varieties and enable the establishment of… Read More
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