Investment firm Tana is selling its investment in the Moroccan school network IEG (International Education Group) for an undisclosed amount.  Eight years after its initial commitment, jointly undertaken with the Moroccan group Saham, the investment firm announced last September 6 that it is leaving its place to Globeducate, a network comprising around sixty schools and programs in 12...

In a landmark achievement, the President and Chairman of the Board of Directors of ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, has been nominated for yet another international honour- the Development Champion Award by the Rebranding Africa Forum. The award will be presented during a special ceremony in Brussels, Belgium, as part of the 9th Edition of the forum in...

President Ismail Omar Guelleh officially inaugurated Djibouti’s first-ever wind farm. This innovative project is a response to the country's serious energy shortage, thanks to a 50% boost to overall capacity while pushing forward his agenda to make the nation of 1.1 million the first in Africa to rely entirely on renewable sources for electricity. The country has enough wind, solar and...

Telecel Group acquired Vodafone Ghana from its British parent company last February. The new owner had, at the time, said it wanted to make the operator more competitive in the national market, which is dominated by MTN. Vodafone Ghana, a subsidiary of Telecel Group, recently rolled out 4G+ in the country. According to the operator, which announced the news last week,  the upgrade from 4G...

Since Macky Sall reassured the Senegalese population that he was not running again for Presidency, the name of the man he would choose as his successor was awaited. It seems the President has now made up his mind. The outgoing leader endorses the current Prime Minister Amadou Ba (pictured, left) to sit on his chair. "We have selected Mr. Amadou Ba, the current Prime Minister, as the candidate of...

It is clear that with its already-hard-to-pay heavy debt burden, Africa can not afford to finance its adaptation to climate change. So far, most of the funds received to finance climate projects on the continent have been loans, adding to the debt burden. In a report issued on September 4, the Global Center on Adaptation-GCA estimates Africa’s adaptation needs at $100 billion a year. GCA...

The African Development Bank has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA). The initiative is aimed at insulating countries against catastrophic weather-related events. The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Program into a facility that will develop insurance to help African countries, specifically,...

Today, the Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to the goal of net zero by 2050, announces a new partnership with the African Development Bank to support climate action by financial institutions across the continent. On the margins of the Africa Climate Summit in Nairobi, Kenya, the parties signed a Letter of Intent...

AU’s full integration in the G20 is part of an effort to give the African continent a stronger voice on issues such as climate change, energy transition, and the debt of developing countries. Members of the Group of 20, which gathers the world’s largest economies, have reached an agreement to grant the African Union (AU) a permanent membership within the group. The news was unveiled Thursday...

World leaders on the second day of the inaugural Africa Climate Summit in the Kenyan capital Nairobi have pledged their support to position the continent at the epicentre of the fight against climate change, urging greater consideration for Africa’s needs. The historic three-day event, hosted by the government of Kenya and the African Union, which kicked off on Monday, has mobilised heads of...