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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 

Coronavirus COVID-19 risk increased to ‘very high’ but containment still possible

Global Author
The development comes as WHO Director-General Tedros Adhanom Ghebreyesus welcomed data showing that in the past 24 hours, China had recorded its lowest number of cases in more than a month (329), with 78,959 cases in total. More than 36,000 people have also recovered from COVID-19 in China alone, WHO said. Fear, rumour and stigma the greatest enemy Speaking to… Read More
Development Health Advice 

No country should make ‘fatal’ mistake of ignoring COVID-19: Tedros

Global Author
Issuing an appeal after a new crop of countries confirmed that they had identified cases of infection for the first time, Tedros said that it was the responsibility of all governments to ensure that they acted swiftly. Virus ‘does not respect borders’ “Whether we get it wrong or right is in our hands… every country must be ready for its… Read More
Development Health Advice 

Smoking and drinking link to recreational drug use by young people: UN-backed report

Global Author
The International Narcotics Control Board (INCB) annual report cites studies which reveal that, in young people aged between 16 and 19, early use of alcohol, tobacco and cannabis leads to an increased likelihood of the use of opiates and cocaine in adulthood. The report also shows that substance abuse and associated health consequences are highest among young people, with cannabis… Read More
Development Health Advice 

COVID-19: More new virus cases outside China than in, ‘no time for complacency’, says UN health agency

Global Author
“The sudden increases of cases in Italy, the Islamic Republic of Iran and the Republic of Korea are deeply concerning”, WHO Director-General Tedros Adhanom Ghebreyesus said at a briefing in Geneva on Wednesday. He stated that there are now cases linked to Iran in Bahrain, Iraq, Kuwait and Oman and to Italy in Algeria, Austria, Croatia, Germany, Spain and Switzerland.… Read More
Investments 

Somalia: African Development Bank Group approves framework to clear nation’s arrears

Elwin Mandowa,
The African Development Bank and African Development Fund today approved a framework  for $122.55 million to clear Somalia’s arrears, paving the way for the Bank Group to fully reengage with Somalia and opening opportunities for enhanced financing for the country. The historic Framework for Somalia’s Arrears Clearance and a Policy-based Operation was approved at a meeting of the Boards of… Read More
Investments 

African Development Bank Board bids farewell to Senior Vice President Charles Boamah

Elwin Mandowa,
“Twenty-three years is not a trivial number of years to spend in an institution. You’ve been a pillar of this institution. You’ve done very well.” It is with those words that the Executive Director for Nigeria and São Tomé and Príncipe, Bright Okogu, also Dean of the Board of directors of the African Development Bank, commended the outgoing Senior Vice President, Charles… Read More
Investments 

Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

Elwin Mandowa,
A seven-member delegation of Executive Directors of the African Development Bank visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during which they were briefed on the current macro-economic, social and political… Read More
Malawi Science 

AfAW condemns lynching of alleged witch in Malawi

Leo Igwe,
The Advocacy for Alleged Witches (AfAW) condemns the lynching of an elderly man for witchcraft in Malawi today. According to a local source, this unfortunate incident took place in Zolozolo in Mzuzu. Mzuzu is the headquarters of the Northern region. A photo of the incident that is being circulated on the social media shows a young man torching the body… Read More
Investments 

Botswana: African Development Bank supports development finance agency BDC with $80 million Line of Credit

Elwin Mandowa,
The African Development Bank and the Botswana Development Corporation (BDC) on Friday signed a Line of Credit (LOC) totaling $80 million to help scale up key investments in the southern African country. BDC will on-lend to specific target groups, focusing on industrialization including manufacturing, transport and service sectors that have significant development impact. Repayment will be over 10 years, including… Read More
Investments 

First ALSF High-level Members Forum

Elwin Mandowa,
What: First ALSF High-Level Members Forum When: 26 and 27 February 2020, 8.30am to 5pm Where: Hotel Radisson Blu, Abidjan, Côte d’Ivoire The African Legal Support Facility (ALSF or Facility) will organize its first High-Level Members Forum, in Abidjan (Côte d’Ivoire) on the following theme: “ALSF Ten years after: Facilitating investment and maximizing resources for national development” Thirty-four (34) delegations… Read More
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