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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 

Ethiopia: Sustainable Energy Fund for Africa provides $10 million grant to support Tulu Moye Geothermal Resource Development

Elwin Mandowa,
The Board of Directors of the African Development Bank Group has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s power system. The Tulu Moye Geothermal Operations PLC (TMGO) project entails developing and operating a 50-megawatt power plant in Ethiopia… Read More
Africa Investments 

Achieving Zero Hunger in Africa is within reach, say global Agriculture leaders in Rome ahead of 2023 Africa Food Summit in Dakar

Elwin Mandowa,
Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. Meeting ahead of the African Food Summit (Dakar 2), to be hosted by President Macky Sall in Dakar, Senegal, from 25-27 January 2023, African Development Bank Group Chief Akinwumi Adesina, the leadership of the International Fund for Agricultural Development (IFAD) and the Food and Agriculture Organization (FAO)… Read More
Development Health Advice 

Life-threatening infections on the rise due to drug-resistant bacteria, new WHO report reveals 

Global Author
Moreover, the high levels of resistance to treatment are reported in bacteria frequently causing bloodstream infections in hospitals the Global Antimicrobial Resistance and Use Surveillance System (GLASS) report states, based on 2020 data from 87 countries.  “Antimicrobial resistance undermines modern medicine and puts millions of lives at risk”, said WHO chief Tedros Adhanom Ghebreyesus.   Tracking resistance  Within the context of national testing coverage,… Read More
Africa Investments 

African Development Bank, African Securities Exchange Association launch AELP E-Platform linking seven African capital markets with $1.5 trillion…

Elwin Mandowa,
The African Exchanges Linkage Project (AELP) has launched an e-platform (The AELP Trading Link), enabling seamless cross-border securities trading among seven African stock exchanges representing 2,000 companies with roughly $1.5 trillion market capitalization.  The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book data sharing.  AELP is a joint initiative of the African… Read More
Africa Business World 

Removing the barriers to remittances in Sub-Saharan Africa

Elwin Mandowa, , , ,
– – In contrast to the global average of 6.8%, the average cost of remittances to Sub-Saharan Africa in 2020 was 8.9% of the transaction’s value. In Sub-Saharan Africa, informal flows are common, and the trend is rampant in several corridors. A formal market that is not operating at its best to meet the needs of people, especially lower-income people,… Read More
Africa Investments 

The African Development Bank, Korea-Africa Economic Cooperation Fund team up to bolster customs services in five Sahel countries

Elwin Mandowa,
The African Development Bank, with the support of the Korea-Africa Economic Cooperation Fund (KOAFEC) brought together 40 customs officials from Burkina Faso, Mali, Niger and Chad for training to strengthen customs capacity. The training is intended to modernize and reform the sector.   Countries in Africa’s Sahel and other interior regions face several economic challenges: lack of direct access to… Read More
Africa Investments 

Democratic Republic of Congo: African Development Fund provides grant of $12 million to develop the financial market and drive financial inclusion

Elwin Mandowa,
The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a $12 million grant to the Democratic Republic of Congo (DRC) to implement the Financial Sector Development and Inclusion Support Project in the country. The funding will support financial sector reforms in the country and improve financial inclusion for… Read More
Africa Investments 

Statement by Dr. Akinwumi Adesina President of the African Development Bank Group – 16 Days of Activism 2022 Against Gender-Based Violence

Elwin Mandowa,
Africa can only reach its full development potential with its women. I have always been insistent that no bird can fly or soar with one wing. Likewise, Africa can only fly on the wings of men and women. For generations, Agriculture has been a critical component of Africa’s economy. The bulk of the food Africa eats is produced by women… Read More
Africa Investments 

Mano River Union launches scheme to build inclusive business ecosystems

Elwin Mandowa,
On 21 October 2022, the African Development Bank and the Mano River Union Secretariat hosted an event to launch the Project to Build Inclusive Business Ecosystems for Stabilization and Transformation in the Mano River Union (BI-BEST) in Freetown, Sierra Leone. Launching the $4.25 million project, Sierra Leone’s Minister of Gender and Children’s Affairs, Manty Tarawalli, commended the African Development Bank… Read More
Africa Investments 

Botswana: African Development Bank Group commits $180 million to bolster post-Covid-19 economic recovery

Elwin Mandowa,
The Board of Directors of the African Development Bank has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery. The funds for phase II of the program will build on the successes of the first phase by supporting policy measures designed to boost economic recovery, further ease private sector participation in… Read More
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