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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 Business Nigeria News and Headlines West Africa World 

Nigeria secures $210 mln loan from AfDB for power project

Village Reporter, , , , ,
The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to Transmission Company of Nigeria (TCN) will support construction of 330KV double circuit quad transmission lines and sub-stations across the country, the bank said in a statement late on Friday. The AfDB funded project will run… Read More
Investments 

Hola, Madrid! African Development Bank takes the continent’s climate agenda to COP25 in Spain

Village Reporter
The African Development Bank will on Monday kick off a campaign to present the continent’s case at the world’s leading climate change conference. The 25th session of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) comes at a crucial time for the globe and Africa in particular. In recent years, rising temperatures have wreaked… Read More
Investments 

Guinea-Bissau: African Development Bank presents the Lusophone Compact to private sector at Economic Forum

Village Reporter
The African Development Bank presented the Lusophone Compact to the private sector in Guinea-Bissau last month, during an event at the national Economic Forum. The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African… Read More
Investments 

Donors to announce financing package for Africa’s low-income countries as ADF-15 Replenishment concludes

Village Reporter
What: 15th Replenishment of the African Development Fund (ADF) Who: The African Development Fund, Donor Governments When: 4-5 December 2019 Where: African Pride Irene Country Lodge, Centurion, South Africa Representatives of donor governments will meet from 4-5 December in Centurion, South Africa, to conclude the 15th Replenishment of the African Development Fund (ADF) with a financing package for Africa’s low-income… Read More
Development Health Advice 

Armed groups kill Ebola health workers in eastern DR Congo

Global Author
The violence killed four workers responding to the Ebola outbreak and injured five others, at a camp in Biakato Mines, and an Ebola response coordination office, WHO said in a statement.  For the UN agency, which appealed for the “constant” attacks to stop, the development risks reversing significant progress made against the epidemic, with  infections falling to just a handful… Read More
Africa Business Ghana World 

African economies to benefit from safer Gulf of Guinea

Village Reporter, , , , , , ,
African economies stand a huge chance of growing significantly if the Gulf of Guinea is protected from the activities of pirates and illegal trade. Every year the Gulf of Guinea serves as a trade route amounting to over $1 billion countries globally transport goods across the Atlantic. Many of the vessels that travel across the Gulf of Guinea serve African… Read More
Africa Business Ghana West Africa World 

Volkswagen to open plant in Ghana early 2020

Village Reporter, , , , , , ,
German car-maker, Volkswagen is set to open an assembling plant in Ghana early 2020. In 2018 the company announced plans to set up a plant in Ghana as it continues to expand across Africa. Volkswagen already builds vehicles in Kenya and recently opened another car plant in Rwanda as part of its expansion project in East Africa. The Rwanda project… Read More
Africa Business Cameroon World 

Jumia is shutting down in parts of Africa in portfolio review

Village Reporter, , , , ,
Online retailer Jumia Technologies has announced the shutting down of its portfolio in Tanzania. The company announced this decision weeks after shutting its office and operations in Cameroon. Widely regarded as “the Amazon of Africa,” the company said in a statement on Thursday that “As part of our ongoing portfolio optimisation effort, Jumia has come to the difficult decision to cease… Read More
Africa Business World 

Why you should consider commodity trading

Village Reporter, , ,
Looking to get into commodities trading? It’s a smart idea. While many traders stick with stocks and bonds, commodities give you the chance to diverse your portfolio while at the same time reducing risk. It’s win-win. Now is a good time to make a start, too, with energy commodity prices sitting 1.4% higher than they did a year ago. Like… Read More
Development Health Advice 

Wednesday’s Daily Brief: Afghan child abuse, DR Congo measles deaths, Palestinian solidarity

Global Author
UN Mission in Afghanistan supports child sex abuse allegations The UN Mission in Afghanistan is calling for an investigation into allegations of sexual abuse committed against children. International media have published claims that a paedophile ring has been operating in schools in Logar province, allegedly involving more than 500 boys. Reportedly, the two civil society activists who exposed the abuse,… Read More
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