The Boards of Directors of the African Development Bank Group on Friday approved a proposal for the clearance of about $413 million in arrears on loans owed by Sudan to the institution, marking a major milestone in the country’s re-engagement with international financial institutions and the global economy. The proposal enables the Bank to proceed with clearing Sudan’s arrears with the...

The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. The development of the Kom Ombo solar plant will add 200 MW of...

Yesterday April 22, 20221, in Yaoundé, the Cameroonian Minister of Livestock, Fisheries, and Animal Industries, Dr. Taiga, presided over the official launch of the Livestock and Fish Farming Value Chain Development Project (PDCVEP). The CFAF65 billion project will be funded by a CFAF55 billion loan from the African Development Bank (AfDB) and by the Government of Cameroon, to the tune of CFAF10...

Egypt recently secured an agreement with Russia to produce the Covid-19 vaccine Sputnik V locally. This was announced in a statement published yesterday, April 22, on the website dedicated to information concerning the vaccine. The agreement was signed between the Russian Direct Investment Fund (RDIF), the Egyptian company Minapharm (specialized in recombinant DNA technology), and its...

As part of the project on the second container terminal in the Port of Abidjan, Côte d’Ivoire Terminal is announcing the order of 36 electric towing vehicles from the manufacturer Gaussin. The new handling machines will equip the future container terminal, construction work on which was launched in October 2020 by Côte d’Ivoire Terminal. The order, for a total of €9.9 million (6.5...

The United States International Development Finance Corporation (DFC) is considering deploying $100 million or more for projects related to climate change mitigation, adaptation, and solutions.  "Climate change is negatively impacting health and productivity, food production, and critical infrastructure around the world, but people in developing countries are particularly...

Telecom group Africell Holding is currently preparing to upgrade to 5G, like some of its African competitors. In that regard, on April 19, 2021, the group signed a multi-million US dollar agreement with wireless transport solution provider Aviat Networks. Specifically, Aviat Networks will upgrade Africell Holding’s telecom networks and prepare them to migrate to the 5G when needed....

In South Sudan, the government is planning to press charges against oil companies that are repeatedly polluting the country’s soil and water despite several warnings. This was announced by Josephine Napwon Cosmas, South Sudan’s Minister of Environment and Forestry, in a speech delivered during the ceremony organized to launch a call for tenders for environmental audits in several oil fields....

The African Circular Economy Alliance (ACEA) has launched a report that identifies five sectors that have the greatest potential to drive the circular economy, a model that promotes better resource management. The sectors are: food systems, the built environment, fashion and textile, electronics, and packaging. The report, “Five Big Bets for the Circular Economy,” was launched on Thursday 15...

Mahamat Idriss Deby (pictured), son of late Chadian President Idriss Deby, will head a military council that will oversee Chad's transition for the next 18 months, following the death of his father. The information was reported by the Chadian national army in a statement read out on television on Tuesday 20 April 2021. According to military officials, Mahamat Idriss Deby will head a Transitional...