International development finance institutions fund low-carbon entrepreneurs in Africa
(3 minutes read)
As climate change demands more sustainable development, the E3 Low Carbon Economy Fund for Africa (E3LCEF) is raising $48.1 million to finance...
Covid-19 Cases in Africa- As on Jun 5, 2020
South Africa has the most reported cases – 37,525, with deaths numbering 792.
Other most-affected countries include Egypt (28,615 cases), Nigeria (11,166), Algeria...
Remittance flows across African borders rise despite World Bank prediction of fall
In the wake of the pandemic, the World Bank had predicted a dramatic fall of remittances.
However, the trends in African countries such...
Dangote Oil Refinery Chief Hits Out at Government Regulatory Framework
(3 Minutes Read)
Earlier, Akinwunmi Adesina, the African Development Bank’s chief, similarly extolled the president of Dangote Group, in a statement he circulated to some...
Blinken Hails AfDB for Its Exemplary Development Works
(3 Minutes Read)
The United States Secretary of State, Antony Blinken, has commended the African Development Bank Group for the exceptional efforts it is undertaking...
IFC-Avacare Global partnership to boost health care sector
Under the partnership, IFC will support Avacare, a leading Pan-African pharmaceutical distributor and manufacturer with $28.6 million equity investment to help the company expand...
African economy to grow by 3.8% in 2021
The continent of Africa experienced its worst recession in half a century in 2020.
Leading data and Analytics Company, Global Data forecasts Africa economy...
Turkey to invest in Africa; already the second largest investor in projects
(3 minutes read)
· Although Turkey’s contracting industry is a small fry as
compared to China, it has the expertise and experience in...
Spain to Evolve New Africa-Focussed Strategy
(4 Minutes Read)
After first visiting Gambia, Sánchez visited Senegal as part of a three-day tour of West Africa to tackle irregular migration. It is...
Africa’s Pulse-The prospects for recovery have improved for SSA
According to World Bank’s biannual economic analysis for the region, the Africa Pulse, though the economic growth in Sub-Saharan Africa has contracted by...
