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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

Investments 

African Development Bank unveils Policy on Non-Sovereign Operations

Village Reporter,
The African Development Bank Group on Monday organized a workshop to share its approach to private sector funding through its new policy on Non-Sovereign Operations (NSO Policy). The policy provides the general framework and modalities required for Bank lending and investment without sovereign guarantee to private and public entities that meet specific eligibility requirements on non-concessional terms. The workshop, held… Read More
Investments 

African Development Bank signs five-year agreement to use International Federation of Consulting Engineer (FIDIC) standard contracts

Village Reporter,
The International Federation of Consulting Engineers (FIDIC) has secured a major agreement with the African Development Bank that will see the international funding organisation include the use of seven FIDIC standard contracts for the next five years. Under the terms of the agreement, FIDIC has granted the Bank a non-exclusive licence to refer to the seven major FIDIC contracts (see… Read More
Investments 

8th Governing Council meeting of the Africa Fertilizer Financing Mechanism

Village Reporter,
What: 8th Governing Council meeting of the Africa Fertilizer Financing Mechanism When: 24 January 2020, 9:00am to 4:00pm Where: African Development Bank – CCIA Building, Abidjan, Côte d’Ivoire The Africa Fertilizer Financing Mechanism (AFFM) will convene its 8th Governing Council (GC) meeting on 24 January 2020, at the African Development Bank, CCIA building in Abidjan, Côte d’Ivoire. The meeting will… Read More
Business 

Aliko Dangote venturing opening offices in New York

Village Reporter,
Aliko Dangote, Africa’s richest man, plans to take office space in New York to help diversify his investments and avoid the risk of currency fluctuations on his home continent. The owner of the biggest cement company in sub-Saharan Africa will use the base and an existing one in London to become more global after the completion of a $12 billion,… Read More
Development Health Advice 

Tuesday’s Daily Brief: Syria, polio, DR Congo, Sudan updates, and – celebrating stolen art

Global Author
Syria: Civilians face ‘daily nightmare’ in Idlib, says top UN official Following a sharp escalation of hostilities in southern Idlib, “at least 300,000 civilians have fled their homes” since mid-December, the UN Deputy Regional Humanitarian Coordinator for the Syria crisis said on Tuesday, voicing concern for their well-being. “I am alarmed at the deteriorating humanitarian situation in Idlib, northwest Syria,… Read More
Development Health Advice 

Spread of polio still an international public health concern

Global Author
The opinion comes in a statement released on Tuesday following the latest meeting of the Emergency Committee convened by the World Health Organization (WHO) that provides technical advice on international public health emergencies.    “The Committee unanimously agreed that the risk of international spread of poliovirus remains a Public Health Emergency of International Concern (PHEIC) and recommended the extension of Temporary Recommendations for a further three months”, it said. … Read More
Investments 

African Development Bank approves $20 million investment in Metier Fund to support renewable energy in Sub-Saharan Africa

Village Reporter,
The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa. The Bank’s funding will contribute to production of an additional 178.5 megawatts of renewable power for commercial and residential use. It will also create… Read More
Development Health Advice 

World Braille Day marks key communication tool for millions

Global Author
It is estimated that approximately 2.2 billion people have a vision impairment or blindness, according to the Worth Health Organization (WHO), a billion of whom have either not had their condition addressed, or whose impairment could have been prevented. People with vision impairment are more likely than those without, to experience higher rates of poverty and disadvantage. Not meeting their… Read More
Development Health Advice 

Investing in health workers yields ‘triple dividend’, WHO chief says in New Year’s message

Global Author
“They are doing life-saving work every day, including during holidays when the rest of us are with our loved ones at home”, said Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO), in his video message for the new year. “But the world needs to do a better job in supporting our health workers, paying them, training them and… Read More
Business Development 

Looking back at 2019: African Development Bank

Village Reporter,
The year 2019 was a year of exciting firsts for the African Development Bank Group. The year was marked by innovation and several new milestones that brought us closer to the “Africa we want.” The Bank pushed its High 5 strategy forward in tandem with the African Union’s Agenda 2063 and the UN’s Sustainable Development Goals. We saw continuing progress… Read More
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