The Arab Maghreb Union (AMU) has received the financial support of the African Development Bank (AfDB) to fund the preparatory activities of the Transmaghreb rail project linking Algeria, Morocco and Tunisia. This was announced by the union in a release published on February 4, 2019. Late January, the union launched “an international call for application to recruit an individual consultant (or...

"The future of our continent is looking very promising indeed," African Development Bank Group President Akinwumi Adesina declared in the opening words of his address to diplomats  at a lunch organised today, Tuesday, in Abidjan. Adesina referred to the Bank’s recent flagship publication, the African Economic Outlook 2019, which noted that the recovery in commodity prices is driving...

This year, Botswana’s economy will drop from 4.5% (in 2018) to 4.2%, according to Kenneth Matambo (photo), the country’s finance minister.  “The slower economic growth means less revenues will be realized and this calls for expenditure control for the country to remain on path to fiscal sustainability”, the minister said to parliament according to statement reported by Reuters. The...

The second Road Safety Leadership Program organized by the Africa Transport Policy Program (SSATP, an international partnership hosted by the World Bank), in collaboration with the African Development Bank, kicked off at the Bank’s Headquarters in Abidjan on 4th February. The program, which runs till 8th February, is intended to develop leadership capabilities in road safety planning,...

The African Development Bank and the Economic Community Of West African States Commission (ECOWAS) have signed an agreement for a study into a 1,000 kilometre highway linking Cote d’Ivoire’s commercial capital Abidjan, to Lagos in Nigeria, marking a new step in building regional integration and trade. The proposed Abidjan-Lagos Corridor Highway, a six-lane (3-lane dual) motorway, will...

The African Union, His Majesty King Letsie III of the Kingdom of Lesotho (photo), the African Development Bank, the Global Panel on Agriculture and Food Systems for Nutrition, the Bill and Melinda Gates Foundation and other partners, will launch the African Leaders For Nutrition (ALN) Continental Nutrition Accountability Scorecard on Monday 11 February 2019. The event, under the theme “A Call...

To be able to chat with Instagram and Messenger contacts via Facebook account; this is the new challenge that Mark Zuckerberg (photo), Facebook founder and owner of the various platforms, wants to meet. The new platform will help Facebook fluidify social interactions between millions of users on its platform. This large project can take time and research. “There’s a lot more that we need to...

Globacom announces a set of innovative products in 2019 to attract clients in the Nigerian market. The telecom group plans to enter the mobile money market by mid-February to offer cost-effective and flexible financial services to most of the Nigerian population without access to traditional services. Glo is impatient to enter this segment of the market with high growth potential and...

Nairobi Stock Exchange-listed stocks recorded a gain of Ksh148.6 billion (about $1.48 billion) in January, according to data published by this market. At the end of the said month, the market capitalization of this market was Ksh2,250 billion against Ksh2,101 billion in early January. This performance reduces the potential impairment of Ksh419 billion recorded in 2018. This growth was...

In South Africa, the Public Investment Corp (PIC) is going through tormenting times. Indeed, nine members of its administrative board just decided to resign. Their resignation occurs at a time when the PIC is under investigation for Eskom and Avo Technologies investments deemed irregular. “These events have been unbearable to us as individuals and have undoubtedly had a negative impact on our...