Africa Enterprise
Africa Enterprise is a publication by Hoofbeatdotcom Publishers set up to promote entrepreneurship and innovation in Africa. Our editorial and project-support team cuts across different countries in Africa. We share success stories and challenges faced by select African entrepreneurs, in building their businesses, to inspire future generations and encourage innovation, endeavour and private sector development…
AfDB, Libya strengthen cooperation, sign funding agreements
The African Development Bank has signed three technical assistance grant agreements with the government of Libya, reaffirming its commitment to the North African country. The agreements were signed in Tripoli, the Libyan Capital, on 21 November 2023, the first day of a consultation mission by an African Development Bank delegation led by Mrs Malinne Blomberg, deputy…
African economies face gaps in macroeconomic modeling capacity despite progress, new AfDB study says
African countries still face significant capacity gaps in macroeconomic modeling, despite the huge strides they have made in terms of forecasting, analysis, and effective policy management, a new African Development Bank Group study has found. The report, Benchmark Macroeconomic Models for Effective Policy Management in Africa, was launched in the Ethiopian capital Addis Ababa by the Bank…
Maida urges Nokia to invest in Research and Development in Nigeria’s ICT Sector
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has requested Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Information and Communication Technology (ICT) in Nigeria. Maida spoke when a delegation from Nokia Networks of Finland led by…
AfDB agrees loan of nearly €87 million for Agropole Nord in Senegal
The Board of Directors of the African Development Bank Group on Wednesday 22 November 2023 approved a €86.89 million loan to Senegal to develop an agribusiness processing zone in the north of the country. The Bank’s contribution accounts for 30.7% of the estimated €283.05 million total project cost. The Islamic Development Bank (21.2%), the West…
Land governance critical to the realization of AfCFTA, say experts
Land governance regulating access, use and ownership of land is critical to the successful implementation of the African Continental Free Trade Area (AfCTA) and is needed to promote inclusive and sustainable development, experts at an African land policy conference heard. Leontine Kanziemo, the Africa Development Bank’s advisor on Natural Resources Management, told the opening session…
Germany pledges 4 billion Euros in Africa’s green energy
The government of Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr Akinwumi Adesina, during the G20 Compact with Africa…
Excellent quality of service is non-negotiable in telecom industry – Maida
The Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida has said that quality of service in the telecommunications sector is non-negotiable as he called for industry collaboration to make this a reality. Maida, who spoke in Lagos at an interactive session with chief executive officers in the industry on Thursday, assured…
AfDB Hosts High-level Member States Engagement Framework Workshop
The African Development Bank has hosted a High-level Member States Engagement Framework Workshop in Abidjan. It was hosted under the auspices of the Office of the Secretary General and General Secretariat in collaboration with the Regional Development Complex. This provided an opportunity for the Bank to reaffirm its commitment to collaborate with its 54 regional…
EBID signs agreement with WEMA for USD50 Million line of credit for SMEs
The ECOWAS Bank for Investment and Development (EBID) has signed an agreement with WEMA Bank Plc, Nigeria providing a USD50 Million line of credit to support Small and Medium Enterprises (SMEs) in the agro-business sector in the Federal Republic of Nigeria. The signing ceremony took place on November 20th, 2023, at the Bank’s Headquarters in…
AfDB approves donation of EUR 34.27 million to Chad for Water and Sanitation
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a donation of EUR 34.27 million to Chad in Abidjan to implement the second phase of the Semi-urban and Rural Drinking Water Supply and Sanitation Programme in 11 of the country’s regions. The financial support comes from resources under Pillar I of…
