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The CFA Franc reform being demanded since 2019 concerns the current mechanisms for monetary cooperation with France.
Last November 17-18, a symposium was held in Libreville, Gabon, on the theme "Currency and Development in Central Africa." During the symposium, university professors, economists, and other civil society actors from the CEMAC zone mostly supported deep reforms of the CFA...
Incumbent operator Uganda Telecom’s performance has plummeted in the local telecom market, due notably to the financial challenges it faced in recent years. To save it from its woes, the government has decided to nationalize it.
State-owned Uganda Telecommunications Corporation Limited (UTCL) has finalized the takeover of the incumbent operator Uganda Telecom Limited (UTL), which has been...
On Thursday, November 17, 2022, media reports indicated that France was considering suspending its development aid to Mali. In retaliation, the following Monday, Mali announced a ban on the activities of NGOs funded by France, even those operating in the humanitarian segment.
In a release issued, Monday (November 21), the Malian government banned "with immediate effect" the local...
The African Development Bank Group’s sixth edition of the Africa Energy Market Place (AEMP), focused on Djibouti, Eritrea and Ethiopia under the theme: Delivering Desert to Power in the Horn of Africa - Enhancing Regional Power Trade.
The virtual event was held from 25-27 October 2022 and brought together approximately 111 participants from governments, the private sector and development...
Agri Resources (Mauritius) and ADD-OI, have signed an MoU to collaborate for the development of a Sustainable vanilla supply chain in Indian Ocean.
With the engagement of the Malagasy government, and support of the United Nations Development Programmes, the agreement was signed in Antananarivo, Madagascar, at the first Indian Ocean Sustainable Development Conference on the 4th and 5th of...
Women entrepreneurs in Africa are expressing widespread optimism and continuing resilience despite the prevailing economic climate, according to the 2022 Lionesses Business Confidence Report and Index launched on Global Women’s Entrepreneurship Day.
The report, prepared by Lionesses of Africa Public Benefit Corporation and New York University finds that ninety three percent of women...
ARISE Integrated Industrial Platforms (ARISE IIP), the pan-African infrastructure developer and operator, is proud to announce a strategic fundraising for an amount of $85 million with the signing of a convertible loan note subscription agreement. The fundraising has been supported by the company's new partner the Fund for Export Development in Africa (FEDA), the development impact...
African agriculture ministers attending the United Nations climate summit in Egypt reiterated a commitment to work with development partners to unlock the continent’s agriculture potential.
During the special ministerial session, there was a strong consensus that Africa can feed itself if supported with green financing and climate-smart technology to boost agriculture productivity.
The...
The African Development Bank and the West African Monetary Union’s Capital Markets Authority (AMF-UMOA) have signed a grant agreement for $750,000 to implement the second phase of the Regional Financial Market Development Support Project (PADMAFIR 2).
PADMAFIR 2 will enable the AMF-UMOA to develop a financial code for the region. It will also promote the deepening of mortgage and...
Former Irish president Mary Robinson headlined a panel discussion to mark ‘Gender Day’ at the 27th United Nations Climate Change Conference (COP27) in Egypt. She called for a bespoke climate fund to support grassroots women to tackle climate change and build resilience.
The African Development Bank organized the session held during COP27 in Sharm El Sheikh under the theme, Gender Sensitive...