The Interministerial Committee on Railway Infrastructure, COMIFER, chaired by the Transport Minister, has noted the completion of the renovation work on 13 railway bridges initiated as part of the five-year infrastructure renewal programme agreed between the Cameroon government and Camrail. Under the programme, and with the contribution of the World Bank, Camrail organised on behalf of the...

The African Development Bank joined a number of development leaders in calling for greater support of youth entrepreneurship during a virtual event organized by the Tony Elumelu Foundation. The webinar was timed to coincide with International Youth Day, which fell on Wednesday 12 August, 2020. “Africa is young, and we need to do whatever it takes to empower our youth because they are the...

The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of Indian Industry (CII) and its partners, officials called for Indo-African partnerships to go beyond government-to-government cooperation and promote private sector participation in order to accelerate Africa’s development. The Conference on...

Algeria and Italy plan to collaborate in the field of startups and innovation, mainly focusing on financing, technology transfer, and research and development. Yacine El-Mahdi Oualid (pictured), the Algerian Minister Delegate to the Prime Minister in charge of the Knowledge Economy and Startups and the Italian Minister of Innovation agreed to set up this high-level exchange program on 7 August...

Axa Mansard, the Nigerian branch of French insurer Axa, is on the verge of finalizing the sell-off of its pension fund administrator. The company sold the 60% stake (representing nearly 2.1 billion shares) it holds in Axa Mansard Pension Ltd to Eustacia Limited, a member of investment group Verod. “This transaction marks a new step in AXA ́s broader strategy to focus on and grow our Life,...

The government of Mozambique plans to ban the use of plastic bags in the country starting in 2021. The environment-friendly information was announced on August 7 by the minister of land and environment, Ivete Maibasse (pictured), at the launch of the first National Council for Sustainable Development (CONDES). The related law will exclude food packaging and conditioning for solid wastes as well...

Telecel Centrafrique is donating sanitizing products to the Ministry of Health to help fight the spread of the Covid19 virus within the country.     Telecel Centrafrique is a subsidiary of Telecel Mobile, and is the leading operator in CAR. Telecel Centrafrique is donating sanitizing products for the sum of 30,000,000 FCFA to the Ministry of Health to help prevent a possible...

Meridian Port Services (MPS), the operator of the Tema container terminal in Ghana, welcomed the MSC Beryl ship at Terminal 3 in July. With a draught of 15.95 m on arrival and 16.2 m on departure, it boasts the deepest draught of any craft to visit the Ghanaian coast. Measuring 366 m long and 48 m wide, the MSC Beryl was received at Terminal 3 of the port of Tema with a record draught for...

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance. The study expands the scope of reporting for the first time to all countries with multilateral development...

Niger has secured $100 million in funding (both a loan and a grant) from the World Bank to improve its local government services and decentralized management of the mining sector. The information was reported in a press release published by the institution on August 3. Provided as part of the Governance of Extractives for Local Development Project and covid-19 Response Project, the...