The Board of Directors of the African Development Bank has approved a grant of $11.26 million to the Government of Chad to finance the Girls' Education and Women's Literacy Project– the first Bank grant exclusively targeting women and girls. The project will be financed from the Bank's Transition Support Facility and will be implemented over a five-year period by the Chadian Ministry of...

In a first report on global economic prospects for 2021, issued on January 5, the World Bank forecasted a slow recovery for sub-Saharan Africa with a growth rate seen at 2.7% for the year. The figure is below the initial June 2020 forecast of 3.1% for 2021. The institution said the downward revision in growth for this part of Africa is due to the harsh effects that the coronavirus pandemic has...

The African Development Bank Group is pleased to announce the appointment of Directors General for the East, Central and Southern Africa regions and Deputy Directors General for the East, Central, Northern, Southern and West Africa regions. Serge N’Guessan, Director General, Central Africa Region As Director General, Central Africa, Serge will drive and ensure the operational efficiency,...

The South African government said it plans to vaccinate at least 67% of its population before the end of the current year. The info was given on January 3 by the health minister Dr. Zweli Mkhize (pictured) during a press conference on the national vaccine rollout strategy. The official said the three-phase campaign will first focus on frontline health workers. For this part of the population,...

The Nigerian All-Share Index, which tracks the performance of all companies listed on the Lagos Stock Exchange, soared by 47.3% in 2020, according to data provided by Capital IQ. This is the best performance among all stock indexes worldwide over the period. The S&P 500, which gathers the top 500 largest listed US companies, only grew by 15.9% over the period reviewed. According to purely...

Engaged in the fight against terrorism in the Sahel region since 2014 under the Barkhane operation, France has led many successful counter-jihadist interventions, even though the violence has also escalated in the region. Despite this situation, the country recently announced it could soon trim its troops in the Sahel in response to the “remarkable success of its military intervention” in...

Chinese tech company ZTE Corporation announced it has completed the construction of Mauritania’s national optical fiber network, ongoing since 2018. The 1,760-km broadband telecom infrastructure is a backbone composed of urban loops and an international network interconnection. In terms of international network interconnection, Nouakchott, the capital, serves as the landing point for the...

Algerian President Abdelmadjid Tebboune returned to his country yesterday Dec 29 after he spent about two months in Germany receiving treatment for Covid-19. The information was reported by state-owned news agency APS. "I passed through difficult moments. I’m happy to be back, thank God. I am on the road to full recovery," the 75-year-old man said upon his arrival, adding that "being away from...

Over the 7 operation days closing on Dec 24, the value of Dangote Cement has jumped by 605 billion naira on the Lagos Stock Exchange, data provided by Capital IQ showed. This increase has supported the company’s stock performance with a stock that was already up 72.5% since the year started. The good performance has made Aliko Dangote's (pictured) company the best dividend yield performer in...

At the 6th edition of the African Insurance Awards held on 18 December, Mauritian insurer MUA was awarded Insurance Company of the Year. These annual awards are organised by the African reinsurer Africa Re, with the aim of promoting best industry practices and good governance whilst championing innovation and sustainable growth. The awards comprise four categories: Insurance Company of the Year,...