On Tuesday 3 October, the Board of Directors of the African Development Bank Group, meeting in Abidjan, approved a grant of $6.72 million to The Gambia to support implementation of the first phase of the Public Financial Management and Economic Reform Programme. The Bank's financial support comes under Pillar 1 of the Transition Support Facility, which is intended for states affected...

The report recommends that international institutions like the UNFPA and the World Bank highlight the positive outcomes of fertility control for household welfare as a key driver for promoting family planning, rather than solely focusing on the argument of accelerated economic growth. Households in sub-Saharan Africa have witnessed a rise in their wealth and a drastic drop in infant mortality,...

Telecel Group, the majority shareholder of Vodafone Ghana, is thrilled to announce the successful expansion of Vodafone Ghana’s network infrastructure by adding a remarkable 300 new 4G sites, most of which have been activated across various regions in Ghana. This achievement has been accomplished in record time and stands as a direct testament to Telecel’s unwavering commitment to providing...

Côte d'Ivoire secured $3.5 billion from the International Monetary Fund (IMF) last May, to implement an economic reform program. The Fund recently reviewed the deal for the first time and said it was happy with the results. The IMF will back Côte d’Ivoire’s economic program with $500 million. The announcement was made at the end of a visit to Abidjan by an IMF mission, led by...

The African Development Bank Group on Tuesday signed two loan agreements with the Government of Angola to improve access to climate-resilient and sustainable sanitation services in four coastal towns serving a combined population of 1.4 million. The agreements for a $75 million loan from the African Development Bank and $49.4 million from the Africa Growing Together Fund (AGTF) will...

The 13th African Public Private Summit (APPP) is set to host a transformative event featuring the most valuable speakers, insights, and topics. With a stellar lineup of sessions and renowned speakers, the event promises to be an invaluable experience for professionals, policymakers, and investors alike.  Key Sessions – Why You Cannot Miss This Event?  OPENING SESSION - HIGH LEVEL...

Led by French conglomerate Duval, the Inzovu Mall project, comprising shopping and leisure centers, will be partly financed by Proparco and IFC.  The International Finance Corporation (IFC) and Proparco will each loan $17.5 million to the French family company Duval. The two financial institutions announced the move on October 3, in a joint statement.  Duval is to use the money...

A new investment fund backed by Carlyle and Aliko Dangote plans to invest $500 million in Africa. The investment vehicle, which has already raised $140 million, targets various sectors, including telecommunications, technology, logistics, and retail. Private equity firm Alterra Capital Partners has launched a new investment fund for Africa, targeting a final size of $500 million....

Peace and security in Africa must be an aim of investment decisions, the African Development Bank President told delegates at a forum aimed at exploring ways to strengthen the resilience of the continent's people and states. “The Africa Resilience Forum is a call to action to work together and make a transition from policy dialogue to investment, and then from investment to impact,” said Dr....

Digital payment services are growing rapidly in Zambia. In 2022, mobile money transactions reached a value of 170 billion kwachas in the country, compared with 95 billion kwachas in 2021. The Zambian government is considering introducing a tax on mobile money transactions. The proposal was made last week by Situmbeko Musokotwane, Minister of Finance and National Planning, during the presentation...