External debt has long supported Egypt's international liquidity. However, the normalization of the debt market in developed countries exacerbates devaluation risks on the local currency. The application of high interest rates is risky, with possible adverse effects on the country. The effects are all the more important as the central banks of the United States and the eurozone are exploring the...

The African Development Bank returns as a top-tier partner of the African Green Revolution Forum (AGRF) – Africa’s largest agriculture conference – to be held in a hybrid format 6-10 September 2021. The Bank has earmarked $100,000 to support this year’s annual AGRF, which will be headlined by African Heads of State and Government, and will bring together delegates from governments,...

Following a coup that saw Guinean President Alpha Conde toppled and arrested by the army yesterday September 5, the Economic Community of West African States -ECOWAS- and the African Union -AU- called for his immediate release. Yesterday, Guinea’s army ousted and seized President Alpha Conde, and dissolved both government and constitution. According to Colonel Mamady Doumbouya, who led the...

Nigeria has reported a record gross domestic product growth over the past five quarters, but some challenges remain. Nigeria's GDP stood at N39.64 trillion ($96.3 billion) in Q2 2021, according to data from the national statistics agency. The amount is 5.01% higher than that in Q2 2020.  The value-added created in H1 2021 was $194.6 billion, up 14% YoY. The improvement...

Yield Uganda Investment Fund, managed by Pearl Capital Partners announced its ninth investment in the Ugandan agriculture sector. This time, the company joins FCA Investments (FCAI) to inject €1.3 million ($1.5 million) into Amfri Farms, a Ugandan fruit and vegetable production, and export company. The fund receiver, which exports products to European, American, and Middle Eastern...

Four years after ECOWAS’ Operation Restore Democracy was launched in the Gambia to force former President Yahya Jammeh to leave power, Senegalese troops continue to grant their support to the country. Senegal has sent the fifth contingent to the Gambia. The troop, which includes 12 women, received the national flag last August 31 in Toubacouta, a village located in the Fatick region. “You...

Many countries in Africa are faced with growing land conflicts. In 2017, land disputes had broken out between the populations of the Ivorian localities of Diawala and Niellé, in the Tchologo region. To put an end to the problem, Kouadio Konan Bertin (pictured), the Minister of Reconciliation and National Cohesion met earlier this week with local elected officials and the population to identify...

Japan Credit Rating Agency (JCR) has affirmed the African Development Bank’s long-term rating at AAA with a stable outlook. The agency commended the African Development Bank for its strong member-country support, as evidenced by the seven general capital increases it has carried out to date. The report reflected on the institution’s financial structure, risk management and funding, noting...

When Jean Damacene arrived at the Tongogara Refugee Camp in Zimbabwe, he was 38 years old and hoping to return to his country Rwanda soon. Eighteen years later, the maize farmer is married with children – a boy and five girls – who live with him in the camp. To support his family, he works the land on a plot next to the camp, growing maize, beans, and bananas, along with members of the host...

From 4 to 24 June 2021, Moroni Terminal, a subsidiary of Bolloré Ports, with the assistance of the Pan-African Port Training Centre (CFPP) of Bolloré Transport & Logistics, organised a training session on driving reach stackers for several of its employees. Thaourati Youssouf, who is one of the ten people trained, is the first woman within Moroni Terminal to obtain this position. Salifou...