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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 

Sierra Leone: African Development Fund extends additional grant funding of $12 million to boost drive for self-sufficiency in rice

Elwin Mandowa,
The Board of Directors of the African Development Fund has approved $12.16 million in additional grant funding for the Rice Agro-Industrial Cluster Project in Sierra Leone. The project was first approved in November 2021. The new tranche, to be sourced from the 2022 Performance-based Allocation, will fill a funding gap in the project’s total cost of nearly $37 million. In… Read More
Development Health Advice 

Once again, US and Europe way ahead on daily calorie intake

Global Author
The finding is in line with a trend showing that people in all regions of the world have been eating more calories since the year 2000, with the highest spike, in Asian countries in 2021. Europe and North America consumed most calories last year – at 3,540 per day – while African nations consumed the least: 2,600. Oceania’s calorie count was closest… Read More
Development Health Advice 

World Cup joins team UN to kick-off Universal Health Coverage Day

Global Author
Be Active: Bring the Moves for Health For All, has been organized by FIFA, the World Health Organization (WHO), the Education Above All Foundation (EAAF) and Qatar’s Ministry of Public Health, featuring special appearances by stars from the world of dance, music and of course, the beautiful game itself. The event is part of Education Above All’s global Scoring 4 The… Read More
Africa Investments 

African Economic Conference opens with a strong call for adaptation measures to tackle the “looming climate change threat” to Africa

Elwin Mandowa,
The 2022 African Economic Conference (AEC) opened today in the island nation of Mauritius with a strong call for Africa to adopt smart technologies to tackle what speakers described as ‘the looming climate change threat’ to the continent. “Supporting climate-smart development in Africa is extremely pertinent. Climate change is a looming threat to Africa. The continent is the most vulnerable… Read More
Africa Investments 

African Development Bank, World Bank launch Electricity Regulatory Index reports for Africa and the world

Elwin Mandowa,
The African Development Bank and the World Bank have launched reports capturing the state of the power sector regulation in Africa and across the developing world. The institutions held a virtual launch event on Thursday 8 December, attended by 240 government officials, regulatory entities, development finance institutions and African and international private sector stakeholders. The African Development Bank’s Electricity Regulation… Read More
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
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