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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
Development Health Advice 

Community-led responses ‘essential for ending pandemics’ – UNAIDS

Global Author
“To be effective, pandemic responses need to move beyond one-way communications to bring communities into decision making at all levels”, said Matthew Kavanagh, UNAIDS Deputy Executive a.i for Policy, Advocacy and Knowledge.  “Community leadership is not a mere nice-to-have. It is essential for ending pandemics”.  Step in the right direction  In a positive step forward, the first international definition of “community-led… Read More
Africa Investments 

New report shows need for greater action if Africa is to hit SDG, Agenda 2063 targets

Elwin Mandowa,
The coronavirus pandemic, the war in Ukraine, and climate change have all hampered Africa’s progress toward meeting the Sustainable Development Goals (SDGs). With 2030 less than 8 years away, most African countries are struggling to meet the SDG targets. Without renewed efforts, nearly 492 million Africans will be left in extreme poverty with at least 350 million still in that… Read More
Africa Investments 

Desert to Power: Ministers meeting in Nouakchott commit to strengthening public-private partnerships

Elwin Mandowa,
The third ministerial meeting of the 5 Sahel countries of the Desert to Power initiative has taken place under the theme “Strengthening Public-Private Partnerships in the implementation of the Desert to Power Initiative.” Representatives of Burkina Faso, Chad, Mali, Mauritania and Niger attended the meeting held on 8 December 2022 in the Mauritanian capital. The African Development Bank Group, in collaboration… Read More
Africa Investments 

Policy Dialogue: the Equitable Framework and Finance for Extractive-Based Countries in Transition

Elwin Mandowa,
What:      Policy Dialogue on Natural Resource-based Development focusing on the Equitable Framework and Finance for Extractive-Based Countries in Transition (EFFECT) tool Who:        The Africa Natural Resources Management and Investment Centre of the African Development Bank and the OECD Development Centre Where:     Virtual (click here to register) When:      15-16 December 2022 The Africa Natural Resources Management and Investment… Read More
Africa Investments 

CBD COP15: New African Development Bank, WWF study calls for urgent attention and increased investment in Africa’s biodiversity

Elwin Mandowa,
The  African  Development  Bank and the Worldwide Fund for Nature (WWF), have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011-2020. The report highlights the important role that multilateral development banks can play in meeting biodiversity targets by providing advisory services, capacity building, market research, and linkages with other relevant partners. The… Read More
Development Health Advice 

Step up investment to ensure water and sanitation access for all

Global Author
Although 45 per cent of countries are on track to achieve drinking water targets by the end of the decade, only a quarter are likely to meet sanitation targets.  The findings come in a report published by WHO and UN-Water, which brings together UN agencies and other organizations working on the issue.  ‘An urgent crisis’  The study examines WASH access… Read More
Africa Investments 

Sudan: African Development Bank Group commits nearly $74 million to boost wheat production

Elwin Mandowa,
The Board of Directors of the African Development Bank Group on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency Wheat Production Project under the Bank’s African Emergency Food Production Facility. Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third of its gross domestic product. It… Read More
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