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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

Development Health Advice 

New guidance to protect children from ‘aggressive’ food marketing

Global Author
“Aggressive and pervasive marketing of foods and beverages high in fats, sugars, and salt to children is responsible for unhealthy dietary choices,” said Dr. Francesco Branca, Director of the UN health agency’s Department of Nutrition and Food Safety. “Calls to responsible marketing practices have not had a meaningful impact.” As such, he said governments should establish strong and comprehensive regulations.… Read More
Africa Investments 

African Development Bank to make US$11 million equity investment in BluePeak Private Capital Fund

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances the Bank’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors, across Africa. BluePeak—a flagship  private capital fund domiciled in Luxembourg—will provide… Read More
Africa Investments 

Nigeria: African Development Bank approves $115m loan to Abia State for road rehabilitation, erosion control and solid waste management

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has approved a loan of $115 million to support a major road rehabilitation project in Nigeria’s Abia State. The project will see the rehabilitation of roads, erosion control infrastructure and preparation of solid waste management facilities in the state capital, Umuahia, and the commercial hub, Aba. Financing for the project,… Read More
Africa Investments 

African Development Bank, African Securities Exchanges Association sign agreement for $600,000 grant to expand network of linked African stock…

Elwin Mandowa,
 AfDB Vice President Solomon Quaynor (left) and Thapelo Tsheole, ASEA’s President and CEO of the Botswana Stock Exchange, signed a grant agreement for $600,000 for the African Exchanges Linkage Project in Gaborone. The African Securities Exchanges Association (ASEA) and the African Development Bank Group on 28 June signed an agreement for a $600,000 grant to expand the number of linked… Read More
Africa Investments 

Italy contributes EUR 5.5 million to African Development Bank Group’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, to foster job…

Elwin Mandowa,
 Carolyne Mwangi, CEO of Kimplanter Seedlings and Nurseries in Kenya, received a $100,000 grant and business growth training though the YouthADAPT Challenge, a program co-financed by the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund The African Development Bank has welcomed a contribution of EUR 5.5 million from Italy for its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. Italian officials announced… Read More
Africa Investments 

African Development Bank teams up with airplane manufacturers Airbus, ATR to boost African commercial aviation

Elwin Mandowa,
The African Development Bank has held workshops with aircraft manufacturers Airbus and ATR to explore ways of strengthening access to finance for African airlines. The sessions, held on 14 and 15 June, will support the Bank’s efforts to develop and adapt financing instruments to the continent’s aviation needs, boosting its air transport market. The workshops featured discussion of bank financing… Read More
Africa Investments 

Seminar on African Development Bank’s African Economic Outlook 2023 for Asian Audiences

Elwin Mandowa,
What:  Presentation of the African Development Bank’s African Economic Outlook 2023 (Asian markets) Who:  The African Development Bank Group and the Korea Institute for International Economic Policy (KIEP) When:  Wednesday, 12 July 2023; Time: 07:00-9:00 GMT | 08:00-10:00 London time | 12:30-14:30 (India Standard Time) | 15:00-17:00 (China Standard Time) | 16:00-18:00 (Japan/Korea Standard Time) Where:  KIEP headquarters, Sejong-si, Korea;… Read More
Development Health Advice 

Pride Month: UN’s transgender rights campaign goes global

Global Author
“If we want a healthy world, then it needs to be a kind and welcoming one too,” said Benedict Phillips, the UNAIDS Director of Communications and Global Advocacy. That means ensuring all communities are included, especially marginalized groups, he said. However, in many countries, stigma, discrimination, and criminalization tend to make transgender people invisible, with extreme forms of discrimination leading to… Read More
Development Health Advice 

Eastern DR Congo: Health system at breaking point warns WHO

Global Author
Speaking from Kinshasa, Dr. Jorge Castilla, WHO’s Senior Emergency Officer, told journalists at the regular briefing in Geneva there had been a major increase in displacement due to ongoing violence fuelled by armed groups, leaving around 7.4 million in need of health assistance. Disease and displacement Since March 2022, almost three million people have been forced from their homes in… Read More
Africa Investments 

Mozambique: African Development Bank adopts new Country Strategy Paper covering 2023-2028

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has endorsed the Bank’s 2023-2028 Country Strategy Paper for Mozambique on 13 June 2023. The new strategy aims to promote the country’s structural transformation by improving fiscal stability, creating decent jobs and generating inclusive growth. The strategy has two priority areas: fostering improved economic governance and the business environment to… Read More
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