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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 

Burundi : la Banque africaine de développement et le gouvernement signent deux accords de dons de 21 millions de dollars pour le développement…

Elwin Mandowa,
Burundi : la Banque africaine de développement et le gouvernement signent deux accords de dons de 21 millions de dollars pour le développement durable des chaînes de valeur de l’agriculture et de l’élevage | African Development Bank – Building today, a better Africa tomorrow <!– African Development Bank Group Read More
Africa Business China World 

China and Lending – Will Africa Suffer From a More Frugal Outlook?

Elwin Mandowa, , , , ,
– – Prior to the popular ‘Africa Rising’ narrative which gained momentum at the turn of the century, the region’s debt crisis was one of the main topics of developmental economics. This was particularly apparent during the 1980s, when most African nations were trapped in an unsustainable cycle of debt. In fact, Africa’s cumulative debt burden increased from just $8… Read More
Africa Investments 

African Development Bank takes steps to accelerate the circular economy in Africa

Elwin Mandowa,
With an initiative funded by the KOREA-AFRICA ECONOMIC COOPERATION (KOAFEC) focused on waste management, the African Development Bank aims to accelerate the circular economy in Africa, a model which aims to minimise waste and maximise value from resources through the recovery and regeneration of products at the end of their typical service life.  The rationale for the initiative, entitled “Development… Read More
Africa Investments 

African Development Bank approves $7 million in SEFA technical assistance to transform mini-grid investment in Africa

Elwin Mandowa,
The Board of Directors of the African Development Bank has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for a new technical assistance initiative meeting the needs of the continent’s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration Programme (AMAP), which aims to expand private mini-grid investment on the African continent, will include three core components: the implementation… Read More
Development Health Advice 

COVID-19: Support to frontline workers part of UN response in Brazil

Global Author
Resident Coordinator in the country, Niky Fabiancic, is leading these efforts, said UN Spokesperson, Stéphane Dujarric, speaking in New York.  More than 7.2 million cases of COVID-19 have been recorded in Brazil, according to latest data from the World Health Organization (WHO).  As of Tuesday, there were more than 76 million cases globally, with 1.7 million deaths.  WHO and the UN Children’s Fund (UNICEF) are working with the Brazilian authorities… Read More
Development Health Advice 

COVID-19: Support to frontline workers part of UN response in Brazil

Global Author
Resident Coordinator in the country, Niky Fabiancic, is leading these efforts, said UN Spokesperson, Stéphane Dujarric, speaking in New York.  More than 7.2 million cases of COVID-19 have been recorded in Brazil, according to latest data from the World Health Organization (WHO).  As of Tuesday, there were more than 76 million cases globally, with 1.7 million deaths.  WHO and the UN Children’s Fund (UNICEF) are working with the Brazilian authorities… Read More
Development Health Advice 

Culture in crisis: Arts fighting to survive COVID-19 impact

Global Author
The film industry alone, could lose about 10 million jobs this year, according to UNESCO, while a third of world’s art galleries could cut their staffing by half or more, data collected by the agency shows. Similarly, what has been in effect a six-month closure of concerts and performance, could end up costing the music industry more than $10 billion in lost sponsorships, while… Read More
Development Health Advice 

New COVID-19 variants under the microscope as travel bans mount over UK mutation

Global Author
According to news reports, more than 40 countries have now banned arrivals from the UK, because of mounting concerns over a new, more transmissible mutation of the new coronavirus, although health officials there stress that there is no evidence it is more deadly, or that it would not respond in the same way to the vaccines cleared for emergency use.  … Read More
Africa Investments 

African Development Bank Group Approves EUR400 million Lusophone Compact Guarantee program to boost private sector development

Elwin Mandowa,
The Board of Directors of the African Development Bank Group on Wednesday approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million. The new Compact offers a big boost to business development initiatives for the Bank’s non-sovereign portfolio in its Portuguese-speaking African member countries. The program is designed for new… Read More
Investments Technology 

YOU CAN NO LONGER SEND MONEY TO NIGERIA USING TRANSFERWISE

Global Author, ,
By ndesanjo The UK international money transfer company, Transferwise, has stopped offering money transfer services to Nigeria. At least for now. The fintech has been one of the best options for Nigerians in the diaspora to send money back home because of its low transaction cost and speed. A notice on Transfewise Nigeria page simply says, “Because of a recent change in… Read More
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