Chinese ambassador discusses environment protection, climate change with Sierra Leone

Zhao Yanba met with Haddijatou Jallow Tuesday to discuss climate change and protecting the environment. Jallow noted that she appreciated China’s support for the socio-economic development of Sierra Leone. According to Jallow, her country is the third most vulnerable in the world when it comes to climate change, as floods and droughts caused by the change creates severe negative impact. Read More »

World-renowned cosmologist donates scholarship to African mathematicians, scientists

Professor Neil Turok will donate the $10,000 monetary gift portion of the 2016 American Institute of Physics’ John Torrance Tate Award for International Leadership in Physics to AIMS. The donation will be used to set up the Thierry Zomahoun Scholarship at AIMS. The money will be awarded to an African student currently enrolled in the AIMS Master's program. Read More »

AfDB, Cote d'Ivoire discuss water sector and job creation

The African Development Bank recently held a discussion with the government of Cote d’Ivoire on the country’s water sector. Louis-Andre Dacoury-Tabley, the minister of Water and Forests, and Anne Ouloto, the minister for Urban Safety and Sanitation, led the event. The leaders deliberated on how water can help job creation with Integrated Water Resources Management (IWRM). Read More »

EIB loans $130 million in support of Côte d’Ivoire's ENERGOS project

EIB recently announced that it will loan $130 million to Côte d’Ivoire in support of the development of its ENERGOS project. Prime Minister Daniel Kablan Duncan and EIB Vice President Ambroise Fayolle signed the agreement during a ceremony at the prime minister’s office in the presence of government officials Adama Kone, minister of the Economy and Finance and Adama Toungara. Read More »

Sierra Leone starts project to cut charcoal use across nation

The Sierra Leone Ministry of Energy, with the support of the UNDP, has started a project to cut charcoal use in the country due to the dangers it causes to the environment and human health. In many places in Sierra Leone, charcoal is the main source of energy for households. Even in urban areas with access to electricity, many women prefer to cook using charcoal. Read More »

AfDB president visits Japan to increase business collaboration

In a recent two-day visit to Tokyo, Akinwumi Adesina underscored the need for more Japanese private investments in Africa. Adesina met with the governor of the Central Bank of Japan, Haruhiko Kuroda; the president of JICA, Shinichi Kitaoka; the chair of the Sasakawa Group, Jiro Hanyu; and the executive vice president of JETRO, Katsumi Hirano as well as several other business leaders. Read More »

AfDB to invest $25 million in Abraaj Growth Markets Health Fund

The AfDB board of directors recently approved a $25 million equity investment in the Abraaj Growth Markets Health Fund, a contribution that will allow the fund to finance lower-middle and low-income segments of the African population. The fund addresses investment capital needs of growing health care demands that have risen due to the continent’s rapid urban growth. Read More »

Sierra Leone government announces progress for its Solar Park Freetown Project

Sierra Leone announced Tuesday that the country has made progress in implementing the Solar Park Freetown Project. Progress includes the ratification of the ADFD loan by the government, the establishment of a working project implementation unit and the recent re-appointment of Advanced Science and Innovation Company as project manager. The Solar Park project won an award. Read More »

Nigerian Corn Growers Association director meets with U.S. corn association

The Nigerian Corn Growers Association Director Edwin Uche met with the U.S. National Corn Growers Association Tuesday to discuss his association's efforts. Uche held a number of discussions on increasing corn demand in Nigeria and encouraged an understanding of biotechnology and ethanol industry growth. He also discussed the dual purpose of corn as both food and fuel. Read More »

ICD, CADF sign MOU to spur economic growth in Africa

An MOU was recently signed between the ICD of the Private Sector and the CADF. The MOU will enable trade, investment and economic growth to come to 19 African countries and their small to medium business enterprises (SMEs).The memorandum was signed by a number of individuals, including the CEO and general manager of ICD, Khaled Al Aboodi, as well as the president of CADF, Shi Jiyang. Read More »

AFIG Funds promotes Le Bouder to managing director

Private equity fund management company the Advanced Finance and Investment Group (AFIG) LLC promoted Stephane Le Bouder Wednesday to the position of managing director. Le Bouder, a Central African Republic native, came to the company in 2013 and served as the deputy assistance for International Affairs at the U.S. Treasury Department. He was also appointed by the Obama Administration. Read More »

IMF team travels to Sao Tome for Article IV Consultation

An IMF team ended their visit to Sao Tome and Principe Thursday. From March 9, the IMF participated in the 2016 Article IV Consultation and the first review of the Sao Tome and Principe economic program. Sao Tome is supported by the IMF's three-year, extended credit facility, and the program has met its goals in the area of quantitative performance criteria for December 2015. Read More »

ECOWAS committee discusses exit strategy from Guinea-Bissau

The Committee of the Chief of Defense Staff (CCDS) of the ECOWAS region met in Abuja, Nigeria, Wednesday to discuss its intervention plan in Guinea-Bissau.The ECOWAS mission in Guinea-Bissau began in 2012 with more than 600 military and a police contingent to stabilize the country during a time of political turmoil. With the ECOWAS mission in Guinea-Bissau coming to an end. Read More »

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