Development Health Advice 

‘Some light at the end of the tunnel’ as pandemic turns one – Guterres

“So many lives have been lost”, said António Guterres, with “economies upended and societies left reeling.  The most vulnerable have suffered the most. Those left behind are being left even further behind.” We all want the #COVID19 pandemic to end so that we can get back to the things we love, and together we have the power to end it faster. I miss… Read More
Africa Investments 

Comores : priorité aux secteurs du transport et de l’énergie dans le Document de stratégie-pays 2021-2025 de la Banque africaine de développement

Le Document de stratégie-pays 2021-2025 de la Banque africaine de développement pour les Comores, publié le 5 mars 2021, accorde la priorité au développement des infrastructures de base soutenables et de qualité dans les secteurs du transport et de l’énergie. Selon la stratégie, malgré les performances réalisées depuis 2014 dans la promotion de politiques inclusives et la légère reprise économique… Read More
Africa Investments 

Strengthening food systems must be at the centre of Africa’s COVID-19 recovery, says African Development Bank

Strengthening food systems must be an integral part of efforts to recover from the COVID-19 pandemic and to build resilience in Africa, said African Development Bank Director General for Southern Africa, Leila Mokaddem. Hunger is a greater threat to many Africans than the COVID-19 crisis, Mokaddem said in a session on sustainable food systems at the Southern Africa Impact Forum… Read More
Development Health Advice 

Regression on ‘virtually every indicator’ of progress for children: UNICEF

“The number of children who are hungry, isolated, abused, anxious, living in poverty and forced into marriage has increased. At the same time, their access to education, socialization and essential services including health, nutrition and protection has decreased”, Henrietta Fore, UNICEF Executive Director, said.  “The signs that children will bear the scars of the pandemic for years to come are… Read More
Africa Investments 

Spotlight on the Bank’s women leaders: Director Atsuko Toda reflects on progress towards gender equality in Africa

To mark International Women’s Day, and a month of celebrating women, we asked the Bank’s Director for Agricultural Finance and Rural Development, Atsuko Toda, to share her thoughts on the progress in gender equality that she has witnessed in her career, her work to champion women and her tips for women starting out in the workplace. 1. What does International… Read More
Africa Business Featured Nigeria News and Headlines West Africa World 

Man catches Fish worth $2.6 mln but eats it with villagers

Social media users have been thrown into a state of shock with news of a Nigerian man capturing a Blue Marlin Fish worth $2.6 million. The capturing of the fish wasn’t the source of shock for many but rather what the man and his village folks decided to do with it. They ate the fish, according to a Africa Facts… Read More
Africa Investments 

African Development Bank named the World's Best Multilateral Financial Institution 2021 by Global Finance

The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank as the “Best Multilateral Financial Institution in the world for 2021”.  The award is a global recognition for the path breaking efforts of the African Development Bank as it transforms itself into a solutions bank for Africa, through a combination of its… Read More
Africa Investments 

Mozambique: African Development Bank purchases temporary bridges to replace infrastructure destroyed in cyclones

The African Development Bank has finalized the purchase of 26 modular steel bridges to replace infrastructure that was destroyed in weather disasters in Mozambique.        The modular bridges are due to be installed in coming months after the appointment of local contractors. The goal is to restore transport connections to the isolated regions of Manica, Sofala, Nampula and Cabo Delgado.… Read More
Africa Business West Africa World 

Nigeria targets diaspora remittances with ‘naira for dollar’ scheme

Banks in Nigeria are encouraging their clients to accept remittances in dollar from relations abroad for a reward. The scheme which was introduced by the Central Bank of Nigeria seeks to offer a reward of five naira for every $1 sent by Nigerians living abroad through international money transfer operators in the country. The scheme is to be called “naira… Read More

Nigeria: African Development Bank Group provides $400,000 grant for Securities and Exchange Commission of Nigeria to support capital markets…

The African Development Bank Group today signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments. The funds will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will be sourced from the Capital Markets Development… Read More
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