Africa Investments 

Africa Investment Forum: Lusophone Compact continues to drive private sector investment in Africa

The Lusophone Compact is one of many successes that have emerged from the innovative Africa Investment Forum. The compact is a financing platform that provides risk mitigation, financing products and technical assistance to accelerate development of the private sector in Africa’s Portuguese-speaking countries. The African Development Bank, the government of Portugal and six Portuguese speaking African countries—Angola, Cabo Verde, Equatorial… Read More
Africa Business World 

Opinion: The fall of the Euro, a boon for investors

– – For the first time in two decades, the US dollar and the Euro hit parity in July 2022. The currency, shared by 19 European countries, has slumped more than 11 per cent since the beginning of this year. But the weakened Euro holds great economic significance for businesses as well as individuals, especially those earning and spending in… Read More
Africa Business World 

Elon Musk completes Twitter takeover in $44bn deal

Chief financial officer Ned Segal, and the firm’s top legal and policy executive, Vijaya Gadde, are leaving alongside Mr Agrawal, according to US media reports. – – The completion of the deal brings to an end months of legal wrangling, but the deal has prompted questions over the platform’s future direction. The CEO of electric car maker Tesla Inc has… Read More
Africa Investments 

Côte d'Ivoire: Road users eagerly anticipate relief as African Development Bank financed ‘4th Abidjan Bridge’ nears completion

This majestic structure, laid out on the right flank of the Attécoubé commune in central Abidjan, is gradually taking shape and its future users can now see it from a good distance. The “fourth bridge” of the Ivorian economic capital, currently under construction, is more than halfway complete, barely three years after its 2018 launch.  When completed, the bridge should… Read More
Africa Investments 

African Development Bank launches USD 2 billion 5-year 4.375% Global Benchmark due 3 November 2027

On Wednesday 26 October 2022, the African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s / S&P / Fitch / Japan Credit Rating, all stable), launched and priced a new USD 2 billion 5-year Global Benchmark due 3 November 2027. This transaction marks the Bank’s second USD Global Benchmark in 2022 following the 3-year USD 1 billion benchmark issued in June, and its… Read More
Africa Investments 

Africa Investment Forum: Harnessing Guarantees and Insurance to Close the Continental Financing Gap – The Africa Co-Guarantee Platform Leads the Way

Africa has long suffered from a risk perception gap – one of the main factors contributing to the continent’s estimated $200 billion trade and investment financing gap. More recently, the world has been hit with the Covid-19 pandemic, the war in Ukraine and the resultant global food and energy instability, coupled with soaring interest rates and debt sustainability tensions for… Read More
Development Health Advice 

Rise in TB deaths another fallout from the pandemic, WHO report reveals

An estimated 10.6 million people fell ill with TB last year, an increase of 4.5 per cent over 2020, and 1.6 million people died from the disease, including 187,000 who were HIV-positive.  The burden of drug-resistant TB (DR-TB) also increased by three per cent during the same period, with some 450,000 new cases of a type that is resistant to… Read More
Africa Investments 

Africa Investment Forum: closing the technology gap promises significant gains for Africa’s creative industries

Africa’s creative industries have grown rapidly in recent years, as its music, films and fashion increasingly attract a global audience. The United Nations Conference on Trade and Development defines creative industries as comprising a wide range of areas: arts and crafts; audiovisual media (film and TV); design (architecture and fashion); new media (video games); performing arts (musical instruments); publishing (books,… Read More
Africa Investments 

Q&A: Mobihealth CEO Funmi Adewara on what the USTDA grant means for the company and its strategic plans

The $67 million Mobihealth Telemedicine Project is an innovative digital health transaction involving the establishment of a fully integrated telemedicine proprietary platform. It is one of eight deals, with a total value of nearly $5 billion, that were presented at the Africa Investment Forum’s Virtual Boardrooms event held in March 2022.  Presented under the ‘Women as Investment Champions’ pillar, these transactions involved… Read More
Africa Investments 

Africa Adaptation Acceleration Program Partnerships Forum

What:     Africa Adaptation Acceleration Program Partnerships Forum Who:      African Development Bank and the Global Center on Adaptation When:    27 October 2022, 15:00 GMT+2 Where:   Windhoek, Namibia (Hybrid format) The African Development Bank and the Global Center on Adaptation, with the support of partners are convening the Africa Adaptation Acceleration Program (AAAP) Partnerships Forum at the 10th Conference on Climate Change… Read More
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