The Japanese leader is expected to visit Egypt, Ghana, Kenya, and Mozambique to discuss ways to enhance cooperation between the continent and the G7, whose rotating presidency was assumed by Japan earlier this year. Japanese Prime Minister Fumio Kishida (photo) will tour Africa at the end of April to strengthen cooperation between the continent and the group of seven most advanced economies...

The Bank for International Settlements believes that the collapse of the cryptocurrency market could have harmed international financial stability, had the asset class been more linked to the real economy and the traditional financial system. The majority of retail investors lost nearly 50% of the bitcoin investments they made between August 2015 and December 2022, according to a Bank for...

Over 85% of the Malagasy population does not have access to the Internet, according to official figures. The government and private sector actors are increasing investments to bridge this gap in a context marked by the acceleration of digital transformation.  The World Bank has agreed to finance a USD 400 million project to connect an additional 3.4 million people to the Internet in...

BADEA and SBI boosting the climate change game through an innovative approach to finance to restore and reforest Africa via engaging communities, businesses and countries. At Al-Morgan spot where the White Nile and Blue Nile meet and merge… They have journeyed far. Born in the thick forests of the Ruzizi valley, filled out in Lake Victoria, the White Nile makes it to the...

The President of the Arab Republic of Egypt Abdel Fattah El-Sisi has commended the work of the African Development Bank Group in helping the continent to deal with the impact of global economic challenges. The Egyptian leader on Tuesday received the President of the African Development Bank Group Dr Akinwumi Adesina in the capital Cairo. Dr Adesina was accompanied by the bank’s Chief...

On March 22 as the global community marked World Water Day, residents of a small town in Somaliland also had reason to celebrate. With a population of about 24,500, Arabsiyo is about 35 km west of the capital, Hargeisa. The town previously had 75% of its inhabitants relying on unsafe water delivered by donkey carts and truck operators who often drew from unprotected and poorly maintained water...

Information and communication technologies (ICT) are one of the strategic fronts in the battle for influence between China and the United States. In that sector particularly, the rivalry between those two world powers could benefit Africa.  State-owned companies China Telecom, China Mobile Limited, and China United Network Communications Group Co Ltd are planning to build a new fiber-optic...

The capital increase is a winning bet for the development bank, which is significantly improving its ability to mobilize resources on international markets while its member countries -with lower ratings- have seen their development financing needs grow considerably in recent years.  During its March 31, 2023, session, the WAMU council of ministers approved the modification of the statutes...

The Republics of Kenya, Congo and Chad are the latest signatories to the Establishment Agreement of the Fund for Export Development in Africa (FEDA), the development impact-oriented subsidiary of African Export-Import Bank (Afreximbank). These successive accessions provide positive momentum for FEDA and demonstrate a shared commitment from Afreximbank Member Countries to support the...

In March, the IMF announced it was meeting to discuss a new support request from Morocco, which is implementing structural reforms to strengthen its economy in a global inflationary context. The institution has just approved a two-year financing program to support the country.   Morocco recently secured an IMF agreement for the disbursement of 3.7 billion SDRs equivalent to $5...