Africa's immense economic potential is being hindered by non-transparent resource-backed loans, as highlighted by African Development Bank President Akinwumi Adesina. Speaking at the Semafor World Economy Summit, Adesina emphasized the need for debt transparency and accountability, stating, "I think it's time for us to have debt transparency accountability and make sure that this whole thing of these opaque natural resource-backed loans actually ends, because it complicates the debt issue and the debt resolution issue."Adesina drew attention to the challenges posed by... Read More »

Global Affairs Canada has provided $7.3 million in funding to the Africa Fertilizer Financing Mechanism (AFFM) to enhance sustainable agricultural productivity and smallholder farmer livelihoods in Africa. The funding will support the Mechanism in replicating its credit guarantee programs, enabling fertilizer importers and aggregators to access the product on credit, as well as improve soil health and provide technical assistance to farmers.Dr. Beth Dunford, Vice President for Agriculture, Human and Social Development at the African Development Bank Group, expressed... Read More »

The African Development Bank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) have joined forces to combat money laundering and terrorism financing in their member countries through a new project.The project, named "Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism in GIABA Member States in Transition," will receive financial support from a $5 million grant provided by the African Development Bank Group. The initiative aims to enhance anti-money laundering and terrorism financing regimes in the... Read More »

Henri Arslanian, co-founder of Nine Blocks Capital Management and a former partner at PwC, has called for the release of Tigran Gambaryan, a U.S. citizen and Binance employee who has been detained in Nigeria since February. Arslanian stated that Gambaryan "has dedicated his life to fighting crime and upholding the rule of law," according to a March 30 post on X. Read More »

President Adama Barrow welcomed ten state institutions to the State House in Banjul for the purpose of updating the president on the state of the economy during the first National Economic Council. Read More »

President Bola Tinubu has announced his approval of a Regional Coordinating Care Center with the Africa-CDC to be located in Nigeria. Read More »

President Adama Barrow announced the commissioning of a new 23 Mega Watts Solar plant in Jambur in February, a culmination of the project which was started in 2023. Read More »

President Julius Maada Bio announced the opening of the Sardine Canning Factory of the SABCO Fishing Company in Freetown. Read More »

President Bola Tinubu has announced the opening of both land and air borders between Nigeria and the Republic of Niger. Other sanctions against the country will also be lifted. Read More »

By Michael AdajiWACOT Rice Limited (WACOT) recently held a closing out ceremony to celebrate the successful conclusion of its co-investment partnership with the USAID-funded West Africa Trade & Investment Hub (Trade Hub). The event, which marked three years of dynamic collaboration, took place on February 13, 2024, at Fraser Suites Abuja.Among the distinguished guests at the event were Mr. Attahiru Maccido, Chief of Staff and representative of the Executive Governor of Kebbi State; Mr. Farouk Gumel, Chairman of WACOT; Senator Atiku Bagudu, Nigeria’s Minister for Budget... Read More »

The first-ever Africa Trade Week opened Monday in Addis Ababa, Ethiopia. Read More »

Olufemi Elias of Nigeria, executive secretary of the World Bank Administrative Tribunal since July, recently was appointed registrar of the International Residual Mechanism for Criminal Tribunals. Read More »

The African Union (AU), the New Partnership for Africa's Development (NEPAD) agency and the African Development Bank (AfDB) called for governments to provide more employment opportunities for youths, during the recent Programme for Infrastructure Development (PIDA) Week conference. Read More »

Energy supplier ENGIE and telecommunications company Orange recently announced that they will deploy solar kits across rural areas of Africa. Read More »

South Korea assured Sierra Leone Ambassador Omrie Michael Golley of its support in assessing and managing the nation's fisheries stocks. Read More »

Delegates held a three-day workshop to accelerate the standardization and simplification of customs procedures among the Economic Community of West African States' (ECOWAS) member states. Read More »

A recently released report titled “Africa Human Development Report 2016: Accelerating Gender Equality and Women’s Empowerment in Africa" was the focus of a Parliament committee meeting held recently in Juba, South Sudan. Read More »

Ghana is expected to have economic growth of 8.7 percent in 2017. Read More »

A technical workshop held recently in Ghana under the Improved and Facilitated Trade in West Africa Project was co-hosted by the Economic Community of West African States (ECOWAS) and the World Bank Group. Read More »

Accra, Ghana, has become the next city in Africa to join the Uber network, making it the first city in Ghana to receive the service. Read More »