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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 Investments 

Senegal: African Development Bank grants about EUR 40 million for the development of livestock production and productivity

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has approved a loan of €39.30 million to the government of Senegal on Friday, 16 December 2022, to implement the first phase of the National Livestock Integrated Development Support Project. The project will support national policy on sanitary and veterinary prophylaxis. It will support the national rollout of five vaccination… Read More
Africa Investments 

Angola: African Development Bank Group approves $10million Trade Finance Transaction Guarantee to Banco Fomento de Angola S.A. (BFA)

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has approved a $10 million Trade Finance Transaction Guarantee (TG) to Banco Fomento de Angola S.A. (BFA). Leveraging BFA’s strategic footprint in Angola, this guarantee will provide support to Small and Medium sized Enterprises, including women-led businesses. The move will facilitate the import and export trade finance requirements of SMEs… Read More
Africa Investments 

African Leaders and U.S. Government affirm commitment to nutrition investment for Africa on margins of U.S.-African Leaders Summit

Elwin Mandowa,
African leaders and the United States government have underlined the the need for increased investment and prioritization of nutrition across the African continent. The African Development  Bank through the African Leaders for Nutrition, the Nutrition CEO Council and the African Union Commission convened a high-level discussion on 12 December, on the sidelines of the U.S.-African Leaders Summit. The leaders called… Read More
Africa Investments 

The Gambia: African Development Bank commits grants of $20.56 million to further upgrade Banjul port

Elwin Mandowa,
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, on Thursday approved grants worth $20.56 million to finance the fourth expansion of Banjul Port in The Gambia. The funding comprises an ADF grant of $13.71 million and another $6.85 million grant from the Transition Support Facility window. The project will… Read More
Africa Investments 

Mauritius: African Development Bank to help build sustainable infrastructure and economic resilience

Elwin Mandowa,
The Board of Directors of the African Development Bank Group on 15 December 2022 in Abidjan approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas. In addition to building economic resilience by improving the business environment and high value-added production, the Bank plans to focus its development efforts on sustainable infrastructure and… Read More
Africa Business Southern Africa Technology World 

Cape Town’s booming tech industry

Elwin Mandowa, , , , , ,
– – Cape Town, the tech hub of Africa, is full of entrepreneurs, new technologies, and start-ups from many different industries. It is very easy to start up a tech company in this city because of the combination of government and business collaboration, a strong infrastructure, a supportive community and the city’s excellent location. There are currently 22 entrepreneurs incubators… Read More
Development Health Advice 

Global cholera surge likely accelerated by climate change, warns WHO

Global Author
“The map is under threat (from cholera) everywhere,” said Dr. Philippe Barboza, from the World Health Organization, speaking in Geneva, via Zoom. Available data points to cases of infection in around 30 countries, whereas in the previous five years, fewer than 20 countries reported infections, on average. Reversing recent successes “The situation is quite unprecedented, for not only we are seeing… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria releases new bank notes into circulation

Elwin Mandowa, , , , , , ,
– – Nigeria has released its new currency into circulation in the first such redesign in 20 years. It is expected to address insecurity, tackle counterfeiting and force excess cash back into the banking system, the government said. Nigeria’s central bank had said more than 80% of the money in circulation was being hoarded by individuals. It has urged people… Read More
Africa Business Ghana West Africa World 

Ghana cedi makes extraordinary gain in months

Elwin Mandowa, , , , , ,
– – Ghana’s local currency the cedi has gained more than 12% against the US Dollar to hit its strongest level in two and a half months. This was after the country reached a staff-level agreement over $3 billion with the International Monetary Fund. The currency strengthened to 9.5 to the dollar in a fourth straight session of gains, though… Read More
Africa Investments 

Rwanda: In Kigali, World Circular Economy Forum paves the way for African leadership toward a circular future

Elwin Mandowa,
Over 2000 delegates, including Africans from across the continent, attended the World Circular Economy Forum 2022 in Kigali, Rwanda held from 6-8 December. The event positioned Africa as a potential global leader in driving adoption of the circular economy paradigm owing to its youthful population, immense resources and entrepreneurial dynamism. It also showcased circular solutions from Africa and the global… Read More
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