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Africa Business Egypt North Africa World 

Egypt secures $1.67 billion in aid from the IMF

Elwin Mandowa, , , , , ,
– – The board of the International Monetary Fund on Friday approved the release of a second tranche of aid valued at $1.67 billion for Egypt, saying public debt and Covid-19 threatened its economic recovery. In June, the board approved a one-year, $5.2 billion financing package for Egypt. With the latest disbursement, more than $3.6 billion will have been released.… Read More
Development Health Advice 

COVID-19: Avoid ‘nationalistic footrace’ in choosing vaccines

Global Author
Dr. Mike Ryan, Director of Emergencies, was responding to a question about public concern over governments deciding to acquire certain vaccines over others.  He warned against comparing national approaches in a competitive fashion, while calling for patience, tolerance and solidarity.  A race we must finish together  “I don’t think we should be seeing this as a game of winners and… Read More
Africa Investments 

Sustainable Energy Fund for Africa and Clean Technology Fund provide $25 million in funding for medium scale independent power producers

Elwin Mandowa,
The African Development Bank’s Board of Directors on Monday 14 December 2020 approved $15 million from the Sustainable Energy Fund for Africa (SEFA) and $10 million from the Clean Technology Fund (CTF) to  advance African Renewable Energy Fund (AREF) II’s projects to boost low-carbon energy generation in sub-Saharan Africa. SEFA’s contribution will comprise a package of $10 million in equity… Read More
Development Health Advice 

Two billion COVID vaccine doses secured, WHO says end of pandemic is in sight

Global Author
The huge vaccine reservoir means that COVAX, a 190-country international initiative that seeks to ensure all countries have equal access to coronavirus vaccines, can plan to start delivering the shots in the first quarter of 2021. COVAX has agreements in place to access nearly 2 billion doses of several promising #COVID19 vaccine candidates, and has laid the groundwork for further… Read More
Africa Investments 

Tchad : la Banque africaine de développement renforce les capacités nationales pour accroître la performance de son portefeuille-pays

Elwin Mandowa,
La Banque africaine de développement a organisé, du 14 au 16 décembre, un atelier virtuel sur le Renforcement des capacités institutionnelles et clinique fiduciaire (RICF) au Tchad afin d’accroître la performance de son portefeuille-pays dans ce pays du Sahel. Cet atelier, placé sous la coordination de l’Institut africain de développement (ECAD), s’est déroulé en visioconférence, en collaboration avec le bureau… Read More
Africa Investments 

The African Development Bank secures nearly $90 million in new donor funds to transform the Sustainable Energy Fund for Africa

Elwin Mandowa,
The African Development Bank announced $90 million in new donor commitments for the Sustainable Energy Fund for Africa (SEFA) during a virtual launch event held on Monday, in which SEFA’s transformation into a Special Fund was also unveiled. The new SEFA Special Fund is expected to expand,  be more flexible, as well as more responsive to Africa’s fast changing energy… Read More
Africa Investments 

Africa must risk capital for its youth, Adesina urges

Elwin Mandowa,
Africa must leverage investment to unleash the potential and ingenuity of its youth, its most important asset, African development Bank President Akinwumi Adesina said at a Conference of Montreal fireside chat event. The three-day virtual event was organized by the international economic forum of the Americas, under the theme, a sustainable recovery for people and planet. During the fireside chat,… Read More
Africa Investments 

The African Development Bank appoints Mr. Simon MIZRAHI, Acting Director, Communication and External Relations (PCER)

Elwin Mandowa,
The African Development Bank is pleased to announce the appointment of Mr. Simon MIZRAHI as Acting Director, Communication and External Relations Department (PCER), effective 16 December 2020. Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division. Before joining the African Development Bank, he worked for the Organisation for Economic… Read More
Africa Investments 

The African Development Bank appoints Ms. Aissa Touré, Country Manager, Rwanda

Elwin Mandowa,
The African Development Bank is pleased to announce the appointment of Ms. Aissa Touré as Country Manager for Rwanda. An economist and development expert, Aissa Touré, the Country Manager designated for Rwanda, a Senegalese national, brings to the Bank over 25 years of experience, working in three continents and 12 countries for 5 international organizations. Aissa’s work experience covers rural development,… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria reopens borders with neighbours for trade

Elwin Mandowa, , , , , , , ,
– – Nigeria has reopened its land borders with neighbouring countries after closure for months. The country’s President, Muhammadu Buhari on Wednesday approved the immediate reopening of four of Nigeria’s land borders. The four affected borders are Seme border in South- West, Ilela border in the North- West, Mfun border in the South-South and Maigatari border in the North-West. The… Read More
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