Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. Meeting ahead of the African Food Summit (Dakar 2) to be hosted by President Macky Sall in Dakar, Senegal, from 25-27 January 2023, President of the African Development Bank Group Dr. Akinwumi Adesina, the International Fund for Agricultural Development (IFAD) President Alvaro Lario and the Food...

The funding is expected to be disbursed through the International Finance Corporation and the International Development Association for several projects in the transport, energy, technology, and food processing sectors. The World Bank Group plans to mobilize US$2.5 billion to finance projects implemented following the public-private partnership (PPP) model in Kenya between 2023 and...

The Board of Directors of the African Development Bank Group has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s power system. The Tulu Moye Geothermal Operations PLC (TMGO) project entails developing and operating a 50-megawatt power...

The African Exchanges Linkage Project (AELP) has launched an e-platform (The AELP Trading Link), enabling seamless cross-border securities trading among seven African stock exchanges representing 2,000 companies with roughly $1.5 trillion market capitalization.  The AELP Link Trading Platform incorporates stock market integration, an order routing system, and market and order-book data...

The anti-corruption fight is still raging with full force in Malawi. Several prominent figures have been arrested but this time, the head of the country’s anti-corruption bureau was arrested last Tuesday before being released on bail.  The director general of the Malawi Anti-Corruption Bureau (ACB), Martha Chizuma (photo), was recently arrested by the police, local media reported last...

On October 21, the NCC announced that it would auction two lots of 5G telecom spectrum on December 19, 2022. This was an opportunity for Airtel, Globacom, and 9mobile to enter the 5G market amidst high demand for broadband connectivity. The Nigerian Communications Commission (NCC) announced, Wednesday (December 7), that Airtel Networks Limited is the only company in the race to acquire a license...

In Sub-Saharan Africa, close to half of bank clients agree to their data being shared with financial services providers.  According to a report released on November 14 by audit, consulting and advisory firm PricewaterhouseCoopers (PwC), 46% of banked adults in sub-Saharan Africa are willing to share their banking data with third-party players as part of an open banking system under certain...

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a $12 million grant to the Democratic Republic of Congo (DRC) to implement the Financial Sector Development and Inclusion Support Project in the country. The funding will support financial sector reforms in the country and improve financial inclusion for...

Since 2021, Airtel Africa has been stepping up its efforts to reduce its debt and finance investments in Africa’s bulging telecom market. To date, the operator has opened up the capital of its mobile payment arm and sold telecom towers in several countries.  Telecommunications group Airtel Africa announced, Tuesday (December 6), an about US$194 million loan from the International Finance...

Bolloré Transport & Logistics Benin organised a meeting with the Benin Armed Forces (Forces Armées Béninoises, FAB) on 15 and 16 November 2022 to discuss the various issues related to the safety and security of the logistics activities involved in the western link project along the Cotonou-Niamey corridor.  The meeting was moderated by Johanne Lamotte, Regional Head of Security at...