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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 Business World 

Facebook-owner Meta to cut 11,000 staff

Elwin Mandowa, , , , , , ,
Mr Zuckerberg said the company would focus on high-priority growth areas, like artificial intelligence, advertising, and “our long-term vision for the metaverse”. Meta will also cut costs elsewhere – including reducing its spending on buildings and offices, and increasing desk-sharing. Affected Meta employees will receive an email soon, he said, and will have an opportunity to ask questions. US employees… Read More
Africa Investments 

100 millions de dollars de la Banque africaine de développement pour le corridor routier Bissau-Dakar

Elwin Mandowa,
La Banque africaine de développement va financer la construction du corridor routier Bissau-Dakar. Son Conseil d’administration en a donné le feu vert, mercredi 9 novembre 2022, à Abidjan, pour un financement de 100,73 millions de dollars américains, destinés à la réalisation de la première phase du projet Farim-Tanaff-Sandinieri. L’appui financier de la Banque va ainsi servir à réaliser un pan… Read More
Africa Investments 

OPEC Fund and African Development Bank Group increase cooperation to promote sustainable development in Africa

Elwin Mandowa,
The OPEC Fund for International Development and the African Development Bank Group have signed a memorandum of understanding to expand their partnership to support sustainable economic and social development in Africa. The agreement, signed at the 27th United Nations Climate Conference (COP27) in Sharm El-Sheikh, Egypt on 8 November, sets the scope for further strategic and operational cooperation through co-financing of… Read More
Africa Investments 

In Togo, the African Development Bank-supported Agro-Food Processing Project hits its stride

Elwin Mandowa,
In the pilot agropole of Kara, located some 423 kilometres north of Lomé, the capital city of Togo, there is a constant hum of bulldozers and harrowers. A few metres away from the deafening noise, engineers and agricultural technicians are supervising the work and talking to community representatives. Launched at the end of 2018, the Agrifood Processing Project of Togo… Read More
Africa Business World 

Ten countries commit to sustainable commodities in Africa

Elwin Mandowa, , , , ,
– – Ministers from ten African countries will today sign the Africa Sustainable Commodities Initiative Declaration, a single set of principles for the responsible production of agricultural commodities in Africa. The Africa Sustainable Commodities Initiative (ASCI) puts producer countries in Africa at the forefront of defining the principles for the sustainable development of cocoa, rubber, palm oil, coffee and other commodities,… Read More
Africa Investments 

Global Leaders Rally Support and Finance for the Africa Adaptation Acceleration Program to Tackle Climate Change in Africa

Elwin Mandowa,
Global leaders on Tuesday rallied around climate adaptation for Africa. They attended the Africa Adaptation Leaders’ Event, convened by African Union Chair President Macky Sall of Senegal, Global Center on Adaptation CEO Patrick Verkooijen, and African Development Bank Group President Akinwumi Adesina. The event took place at the global climate summit (COP27) in Sharm El-Sheikh, Egypt. It underscored the critical… Read More
Africa Investments 

Africa marks special day at COP27 with a resolve to tackle climate change relentlessly

Elwin Mandowa,
African nations on Tuesday marked a special day on the sidelines of the 27th United Nations Climate Conference (COP27) in Egypt, with a common resolve to mobilize internal and external resources to tackle climate change. The event, dubbed ‘Africa Day,’ provided countries and development partners, including the African Development Bank, the opportunity to highlight measures to tap the continent’s unique… Read More
Development Health Advice 

Global disparity in access to essential vaccines, says WHO report

Global Author
It is the first to examine the implications of COVID-19 for vaccine markets and highlights the disparity in access around the world. The report says that the way the global market is not fully conducive to the development, supply and access for essential vaccines – with some regions depending almost entirely on others for vaccine supply. “The right to health… Read More
Africa Investments 

African Union welcomes the Netherlands’ contribution of EUR 110 million for the Africa Adaptation Acceleration Program at COP27

Elwin Mandowa,
The African Union (AU) welcomed the Netherlands’ contribution of EUR 110 million in support of the Africa Adaptation Acceleration Program (AAAP) ahead of the COP27 Leaders’ Event on Accelerating Adaptation in Africa. The Prime Minister of Netherlands Mark Rutte announced the financial commitment during a high-level meeting with Senegal’s President Macky Sall who is also the Chairperson of the African… Read More
Africa Investments 

COP27: Announcement of the Winners of 2022 YouthADAPT Awards

Elwin Mandowa,
What:     2022 Youth Adaptation Solutions (YouthADAPT) Challenge Awards Ceremony Who:      African Development Bank and the Global Center on Adaptation When:    10 November 2022, 10:30-12:30 GMT+2 Where:   Africa Pavilion at COP27 (Sharm El-Sheikh, Egypt). Watch on Livestream The Youth Adaptation Solutions (YouthADAPT) Challenge, launched on 6 September 2021, is an annual competition that invites young entrepreneurs and micro, small, and medium… Read More
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