The African Development Bank Group President, Akinwumi Adesina, has called for urgent action to address the impact of climate change on African countries. Adesina highlighted the vulnerability of Africa to climate change, stating that "Africa is in the eye of the storm from climate change, accounting for 9 out of the 10 most vulnerable countries to climate change globally."Speaking at a high-level roundtable on climate finance, Adesina emphasized the significant financing gap in climate adaptation, pointing out that Africa received only $30 billion per year while its... Read More »

African Development Bank Group president, Dr Akinwumi Adesina is travelling to Brazil for a two-day official visit to meet with President Luis Inacio Lula da Silva, government officials, and the business community to discuss investment opportunities in Africa.Brazil is keen to strengthen its economic cooperation with Africa across a number of sectors including agriculture and health. During the visit, Brazil will formalize its membership of the Lusophone Compact, an agreement aimed at developing the private sector in the Portuguese-speaking countries of Africa known as... Read More »

Abuja, Nigeria, April 18, 2024 – Approval of the evaluation process of the Yaoundé Code of Conduct and the maritime safety and security architecture of the Gulf of Guinea to mark the 10th anniversary of the said process was one of the key recommendations of the 4th annual meeting of the heads of institutions of the Interregional Coordination Centre (ICC) held on 18 April 2024 at the headquarters of the Economic Community of West African States (ECOWAS) Commission in Abuja, Nigeria.The meeting, following a gathering of experts on 16 and 17 April 2024, served as a platform... Read More »

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 »

Waste Management Services has observed a rise in littering incidents, impacting the environment significantly. 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 »

The President of Liberia, Joseph Nyuma Boakai, has announced new nominations and appointments to various government positions. Read More »

The West African Health Organization (WAHO) has extended its congratulations to Nigeria's National Agency for Food and Drug Administration and Control (NAFDAC) for achieving World Health Organization (WHO) Maturity Level 3 for National Medicines... Read More »

H.E. President Joseph Nyuma Boakai, Sr., has highlighted Liberia's recognition as one of the top 10 surfing destinations globally and its selection to host the Africa Tour: Surf to Rise competition. Read More »

President Joseph Nyuma Boakai, Sr. has stepped down as Chairman of the Joseph N. Boakai Foundation Board. Read More »

President Joseph Nyuma Boakai of Liberia has expressed strong disapproval of the recent surge in violence between Israel and Iran. Read More »

Following the announcement of its Business Recovery Plan, Nigerian Breweries Plc has outlined plans for a comprehensive reorganisation. Read More »

Following a review of customs and excise duty tariffs for the 2024/25 Budget, new regulations have been approved by the Executive Council. 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 »

In October 2023, an open procurement exercise was initiated to find a contractor for designing and building a new prison. Read More »

The President of Liberia, Joseph Nyuma Boakai, has announced a series of nominations and appointments for various government bodies. Read More »

The inaugural meeting of the Police and Crime Panel is set for April 24, 2024, from 14:00 to 16:00 at the Education Learning Centre in Jamestown. Read More »

President Joseph Nyuma Boakai, Sr. hosted a Ramadan dinner to honor Liberian Muslims as they concluded the holy month of Ramadan. Read More »

The President of Liberia, Joseph N. Boakai, has announced the establishment of a multi-agency committee to investigate the exportation of unprocessed natural rubber. Read More »