The African Development Fund and Smart Africa Alliance have jointly launched a $1.5 million project to streamline digital trade and e-commerce policies across 10 African countries. The project will see to the implementation of regional training and capacity-building programs focusing on cross-border e-payment and e-commerce for governments, private sectors, and SMEs. The Institutional Support for…
As global financial institutions continue to reduce or eliminate fossil fuel lending, emerging producers like Namibia are seeking to drive local and regional financial participation in capital-intensive projects and trade infrastructure. A finance-focused panel at the 2023 Namibia International Energy Conference explored new pathways to financing and developing capital-intensive African energy and infrastructure projects. Under…
The African Development Bank Group has launched a six-month campaign to sensitize its internal and external stakeholders on its new Whistleblowing Policy, approved by the Boards of Directors in January this year. The Whistleblowing Policy 2023 builds on a 2007 policy, which at the time was widely considered as progressive and reflective of the value…
Gabon is a country on the move. Powered by forward-thinking policies and a cleaner, more sophisticated oil and gas industry, the country is attracting the attention of investors again on the promise of returning to consistent GDP growth last seen in the 1990s. Many of these plans were put on hold by the COVID-19 pandemic,…
Africa, the continent that pollutes the planet the least, is today one of the world’s most vulnerable to climate risks. While nations across the continent grapple with financing constraints, resources from the international private sector, including multilateral development financiers such as the African Development Bank are helping to catalyze climate action and green growth. For…
The African Development Bank and the Japan International Cooperation Agency (JICA) signed a JPY 44,100,000,000 ($350 million) loan to finance the Bank’s support for private sector operations in Africa. The loan comes under the Enhanced Private Sector Assistance (EPSA) initiative, which is a component of Japan’s Official Development Assistance to Africa. The fifth version of EPSA,…
The 2023 Namibia International Energy Conference (NIEC) recently featured a strategic industry intelligence session with the African Energy Chamber (AEC) the voice of the African energy sector – to share its expertise on local business development and skill-building opportunities within the industry. Led by AEC Executive Chairman, NJ Ayuk, the workshop tackled the most pressing…
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…
He with the keys to the vault will always be better placed to take advantage of the window of opportunity, whenever it beckons. Olówó ló l’òwò. Cash is king. Credit, the Prince. Ready access to funds – one’s own or leveraged, helps with one foot inside, with opportunities that really matter. Even as custodian of…
Following the expiry of its Second Climate Change Action Plan after COP21, the AfDB has launched a more comprehensive and ambitious strategic framework on climate change and green growth. This includes a climate policy and long-term strategy covering 2021 to 2030, together with a Third Action Plan for 2021-2025. The AfDB committed 9% of its…
