You are here

Category: Business

 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 

2019 Nobel Peace Prize Winner: Abiy Ahmed Ali, Prime Minister of Ethiopia

Village Reporter
‘I am delighted and proud that Prime Minister Abiy Ahmed has been awarded the Nobel Peace Prize.He deserves it for his boldness and resolve to break with the past and build bridges that foster lasting peace.His remarkable leadership will help to bring security and prosperity to the entire Horn of Africa.The African Development Bank congratulates Prime Minister Ahmed and will… Read More
Investments 

African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets

Village Reporter
The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets. The collaboration between the Bank and GPIF will focus on channeling investments towards inclusive and sustainable growth in Africa, contributing to the achievement of the Sustainable Development Goals. The agreement was signed 30th… Read More
Africa Business China West Africa World 

Chinese vessel fined $1m over illegal fishing in Ghana

Village Reporter, , , , , , ,
Ghanaian authorities have fined owners of a Chinese vessel that engaged in illegal fishing in the country’s waters. Owners of the fishing vessel, Lu Rong Yuan Yu 956 will have to pay a $1 million fine for illegal fishing and additional $22, 700 (GHc124,000) for having fish onboard. According to local news outlet CITI FM reporting, the fishing vessel was… Read More
Development Health Advice 

Global community pledges $14 billion to step up fight against AIDS, tuberculosis and malaria

Global Author
The commitments were made on Thursday at the Global Fund’s Sixth Replenishment Conference held in Lyon, France. “I welcome the commitment made by so many donors under the auspices of France to fully finance the Global Fund for the next three-year period”, said Tedros Adhanom Ghebreyesus, Director-General, of UN health agency, WHO. “This is critical to provide individuals and communities… Read More
Development Health Advice 

World Mental Health Day sheds light on worrying rates of youth suicide

Global Author
“Mental health has been neglected for too long,” Secretary-General António Guterres said in a video message for the Day, saying it needs to be addressed urgently, as a matter “that concerns us all.” “We need stronger investments in services. And we must now allow stigma to push people away from the assistance they need. I am speaking my mind because I care deeply” he… Read More
Investments 

First WATT Renewables winners of Renewable Energy Forum 2019 co-organized by the African Development Bank

Village Reporter
First WATT Renewables were winners of the 4th West African Forum for Climate and Clean Energy Financing (WAFCCEF) contest, held on Thursday 26 September in Abidjan and co-organized by the African Development Bank. The company, based in Canada, is a private sector clean-energy technology producer and supplier of sustainable energy solutions using an innovative mix of photovoltaic systems. Presented by… Read More
Investments 

Equatorial Guinea signs Lusophone Compact: new milestone in initiative to accelerate sustainable private sector development

Village Reporter
The African Development Bank and the governments of Equatorial Guinea and Portugal have signed a country-specific memorandum of understanding for the implementation of the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries of Africa, known as PALOPs. Equatorial Guinea is the sixth and final PALOP country to sign the Compact after Angola, Cabo Verde, Guinea-Bissau, Mozambique… Read More
Investments 

African Development Bank partners with Senegal to host 2021 World Water Forum

Village Reporter
 A Senegalese government delegation, led by the country’s Minister of Water and Sanitation, His Excellency Serigne Mbaye Thiam, briefed the African Development Bank  on Senegal’s preparations to host the World Water Forum in Dakar in March 2021. Minister Thiam met with the Bank’s Vice President for Agriculture, Human, and Social Development, Jennifer Blanke, and her senior management team on 8… Read More
Africa Business World 

World Bank cuts growth forecast for sub-Saharan Africa

Village Reporter, , , ,
Economic growth forecast for sub-Saharan Africa for 2019 to 2021 has been cut by the World Bank by 0.2 percentage points. Earlier projection by the bank was promising but the latest cut according to the banks is due to slowdown in fixed investment and policy uncertainty in the global economy. The World bank stressed that the economy of sub-Saharan Africa… Read More
Investments 

Financial institutions’ chief information officers meet at knowledge sharing convention

Village Reporter
The African Development Bank organized a knowledge sharing event of chief information officers (CIOs) from international financial institutions (IFIs) in Cape Town, 23-26 September. The participants are part of a community of practice known as the IFI CIOs’ club that meets annually. Members are from the International Monetary Fund, the World Bank, the Asian Development Bank, the European Stability Mechanism,… Read More
Social media & sharing icons powered by UltimatelySocial