The African Development Bank (AfDB), Inter-American Development Bank (IDB), the Rockefeller Foundation, and the Center for Global Development came together to co-host a high-level meeting on October 13th to discuss the rechanneling of Special Drawing Rights (SDRs) from contributing countries through Multilateral Development Banks (MDBs). The objective is to boost their development and climate...

The Africa Investment Forum (AIF) 2023 Market Days is less than three weeks away.  From 8-10 November serious investors will gather at the Palais des Congrès in Marrakech, Morocco to participate in Africa’s premier investment marketplace. The focus this year will be on “Unlocking Africa’s Value Chains.” The Africa Investment Forum is pivotal for attracting domestic and foreign...

The two countries are on the brink of securing membership in the European Bank for Reconstruction and Development (EBRD), marking a significant milestone facilitated by recent changes in the institution's statutes. However, the details of the membership requirements remain somewhat undefined. The shareholders of the EBRD have granted their approval for the membership applications submitted by...

In July 2023, the Nigerian government declared a state of emergency on food security, aiming to implement exceptional measures to combat the growing crisis. In September, the country faced a significant challenge as food inflation surged to 30.64% year-on-year, jeopardizing its pursuit of food self-sufficiency. According to a report from the National Bureau of Statistics (NBS), this surge was...

The President and Chairman of the Board of Directors of EBID, Dr George Agyekum Donkor received the “Development Champion Award” during the recently ended 9th edition of the Rebranding Africa Forum, in Brussels, Belgium. The event, held from October 20 to 21, 2023 brought together high-level government officials and international business leaders to discuss the extraordinary development of...

The West African Development Bank (BIDC) was planning a strong recovery for the region after the Covid-19 pandemic. Two years later, challenges remain. "The Bank has tried to be the top performer in the region, in line with its 2025 strategy... It now has to consolidate the gains it achieved in all areas in 2021, while prudently managing social, political, and economic pressures at the global...

In a significant victory, SeaH4 emerged as the winner of the Southern African phase of the EDF Pulse Africa Tour, a segment of the broader EDF Pulse Africa innovation contest. The grand finale, scheduled for December in Paris, will see six contenders vying for the top spot. The EDF Pulse Africa competition, reflecting EDF's dedication to Africa, champions the continent's brightest innovative...

Previous rules for identifying subscribers to electronic communication services in Burkina Faso were put in place in December 2018, but the government believes they have not achieved the desired results. The Burkina Faso government has decided to modify the rules for identifying subscribers to electronic communication services in the country. The decision, taken during a cabinet meeting on...

The strengthening of ties between N'Djamena and Paris comes at a time of national and regional political tension. In recent weeks, civil society organizations have called for the agreements with France to be broken. During his working visit to France, which began on October 16, at the invitation of French President Emmanuel Macron, General Mahamat Idriss Deby Itno, the leader of Chad, engaged in...

The Board of Directors of the African Development Bank Group approved a $2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. The funds, approved on 19 October 2023, will come from the Global Agriculture & Food Security Program to support mainly food system service providers in rural areas. The programme aims to increase the production and marketing of...