10-year-old Karen hopes for “tangible outcomes” to boost climate action in Africa to emerge from the 2023 African Development Bank Annual Meetings Karen Wanjiru Kimani, a young African ambassador for the environment, has called for policies that will encourage young people to participate in protecting the planet, including through climate change mitigation. The Kenyan-born 10-year-old...

To address the funding gap facing startups and SMEs, the Ivorian government will set up an investment facility that will allow investors to acquire stakes in the concerned companies and startups.  The Ivorian government is planning a Long Term Investment Facility (LTIF) to improve the financial inclusion of start-ups and small, medium, and large enterprises (SMEs), several local media...

The subsidiary of Moroccan investment holding H&S Invest Holding will open its capital to the French investor STOA, engaged in infrastructure projects in Africa. The transaction is expected to be finalized by the end of June 2023. STOA, a subsidiary of French deposit and consignment fund CDC, announced Tuesday (May 9) a MAD330 million ($32.9 million) operation to acquire a minority shareholding...

The Seychelles Country Team of the African Development Bank held its first Civil Society Organizations (CSOs) Open Day in Seychelles on Thursday, 27 April 2023. A total of 25 representatives of CSOs, including the umbrella body, Citizens Engagement Platform Seychelles (CEPS), joined to discuss the bank’s country strategy and portfolio and identify opportunities for collaboration towards...

Morocco is facing water shortage caused by a severe drought. To tackle the situation, the kingdom is ramping up its efforts to develop infrastructure to improve water management and access. Morocco will allocate 143 billion dirhams ($14.2 billion) to its 2020-2027 National Program for Drinking Water Supply and Irrigation. The funds should help the country curb the effects of the drought it is...

Atos today announces its participation in the upcoming GITEX Africa 2023, which will be held in Marrakech, Morocco from May 31 to June 2. Atos will be showcasing its latest digital solutions and innovations, along with its alliance partner companies. The event will provide an opportunity for visitors to experience Atos' cutting-edge technology solutions, such as digital workplace, hybrid cloud...

Titan currently owns 94.05% of Union Bank. With the new process initiated, it wants to acquire the remaining 5.95%.  Titan Trust Bank (TTB) Limited announced Monday (May 8) its plan to acquire all of Union Bank's remaining shares from minority shareholders. The Nigerian bank, which was established in December 2018 and began operations in October 2019, hopes through this proposed acquisition...

The fuel and food subsidies that have so far benefited every segment of the Ivorian population will be replaced by cash transfers targeting the most vulnerable.  The Ivorian government has promised to replace food and fuel subsidies with cash transfers to the most vulnerable, Bloomberg reported Monday, citing an IMF official. According to the media outlet, the subsidy cut is one of the...

Starlink is pursuing its African expansion strategy after launching in Nigeria and Rwanda. The company eyes Somalia, where nearly 90 percent of the population has no access to the Internet. Elon Musk’s satellite internet provider, Starlink, plans to launch its commercial services in Somalia, state news agency SONNA reveals. According to the news agency, Starlink has already begun discussions...

Even as a child, Gninlnagnon Koné , a young man from Katiola in north central Côte d’Ivoire, liked to follow his parents, who grew tubers and maize, to their farm. Today, an engineer in agricultural business management, he says, “When I became an engineer, I realised that our agricultural producers still face the same difficulties with processing their products. People work hard but...