You are here

Category: Business

 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 

Guinea-Bissau: Energy and Transport infrastructure at the core of African Development Bank's 2022-2026 Country Strategy

Elwin Mandowa,
To address Guinea-Bissau’s development challenges, the African Development Bank’s new strategy will promote economic diversification, structural transformation and lay the foundation for inclusive, resilient, and sustainable growth through support for infrastructure and good governance. The African Development Bank Group and Guinea-Bissau mutually adopted this approach in the Country Strategy Paper 2022-2026, published on 20 September 2022. The objective of the… Read More
Development Health Advice 

Dementia: WHO launches blueprint to tackle generational health challenge

Global Author
“Although dementia is the seventh leading cause of death globally, dementia research accounts for less than 1.5 per cent of total health research output”, said WHO Chief Scientist Soumya Swaminathan. “Sadly, we are falling behind implementing the Global action plan on the public health response to dementia 2017-25,” she continued, adding that addressing dementia comprehensively requires “research and innovation to be… Read More
Africa Business East Africa World 

Kenya gives green light for cultivation of GM crops

Elwin Mandowa, , , , , , , , ,
– – The Kenyan government has given the green light for the cultivation and importation of genetically modified crops and animal feeds. The decision ends a decade-long ban that had been imposed due to health fears. It comes as the country is experiencing a devastating drought – the worst drought in 40 years which has left millions facing hunger. President… Read More
Africa Investments 

African Development Bank chief visits Norway — Shore up continued support for solutions to Africa’s development challenges

Elwin Mandowa,
In the face of a looming food crisis that could hit Africa and other parts of the world on account of Russia’s war in Ukraine, Norway this week announced that it is providing 100 million Norwegian Kroner (approximately $9.2 million ) to the African Development Bank’s African Emergency Food Production Facility. Norway’s Minister for International Development Anne Beathe Tvinnereim said… Read More
Africa Investments 

77th UN General Assembly meetings stress key African Development Bank priorities: climate finance, job creation, and food insecurity

Elwin Mandowa,
The African Development Bank had several productive engagements around its strategic priorities at the just concluded 77th United Nations General Assembly (UNGA) meetings in New York. Meeting highlights included an urgent call for increased financing to mitigate the effects of climate change and food insecurity. African Development Bank Group President Dr Akinwumi Adesina led the bank’s delegation to the meetings… Read More
Development Health Advice 

Haiti: UN supports Government efforts to quell cholera outbreak

Global Author
The case was identified using the cholera surveillance mechanism, established by the Haitian authorities and supported by the United Nations.  It was confirmed as positive at the National Public Health Laboratory in Port-au-Prince on Sunday 2 October. Additional suspected cases are currently under investigation.  Emergency response  The UN is actively monitoring the situation and is working with national authorities to… Read More
Africa Investments 

Guinea-Bissau: African Development Bank project strengthens judiciary, boosts enrolment of women lawyers

Elwin Mandowa,
Implemented between 2017 and 2021, the Guinea-Bissau Support Project to Build Institutional Capacity in the Justice Sector helped to improve the quality of training in the judicial sector, particularly for lawyers. It also contributed to an increase in the number of women members of the national bar association; there were three before the project and there are now 58. The… Read More
Africa Investments 

Namibia: African Development Bank Board approves $134.9 million loan for post-Covid-19 economic recovery support program phase II

Elwin Mandowa,
The Board of Directors of the African Development Bank has approved a loan of 2.3 billion South African rands ($134.9 million) in co-financing for the second phase of Namibia’s Governance and Economic Recovery Support Program (GERSP II). The funds will support Namibia’s resilience and post-Covid-19 inclusive economic recovery by strengthening governance and implementing real sector reforms. German development bank Kreditanstalt… Read More
Africa Investments 

Morocco: African Development Bank commits €199 million to cereal production

Elwin Mandowa,
The Board of Directors of the African Development Bank approved on Wednesday, 28 September 2022, in Abidjan a €199 million loan to finance Morocco’s Competitive and Resilient Cereal Development Support Program (PADCRC). This new operation forms part of the African Emergency Food Production Facility to help boost food security, nutrition, and resilience across Africa. The program will help reduce Morocco’s… Read More
Africa Investments 

Africa Co-Guarantee Platform partners reaffirm commitment to catalyzing trade and investment

Elwin Mandowa,
Amid rising urgency for  instruments to de-risk investment across Africa, the Africa Co-Guarantee Platform’s (CGP) six partners have affirmed commitments to better leverage guarantee and insurance products, resulting in more trade and investment across Africa.  The partners pledged to extend direct transaction support for specific projects, including infrastructure development and optimizing balance sheets by sharing risk. They will develop new… Read More
Social media & sharing icons powered by UltimatelySocial