Everything in the 51 years of Ade Adefeko’s life would appear to have come together to prepare him for where he is today and the man he is has become – a quintessential bridge-builder in whom people, nations and businesses have found a point of convergence. “I am a man of many parts. I am…
I wish to thank President Wiebe Boer, the Board of Trustees, faculty, and students at Calvin University for inviting me to deliver today’s commencement address for the class of 2023. I have known President Boer for many years. He is a decent, humble, and innovative leader who cares passionately about development. You all are fortunate…
African Development Bank Group President Akinwumi A. Adesina has called on young university graduates to be instruments of change in a world beset by increasing socio-economic challenges. Delivering the keynote speech at America’s Calvin University Commencement ceremony, Dr. Adesina told the audience, including 700 graduates, “The world faces many simultaneous challenges, promising a future of…
The Africa Road Builders Selection Committee has named Madagascar’s President Andry Rajoelina, the winner of the prestigious Babacar Ndiaye Trophy, for his commitment to infrastructure development in the island state. He succeeds Tanzanian President Samia Suluhu, who won the award in 2022. According to a press release by the Committee, members chose President Rajoelina at…
For Angola to achieve its targeted 9.9 GW of installed generation capacity and 60% electrification rate by 2025, the country’s Government has instituted an ambitious infrastructure plan. This plan is supported by a series of regulatory reforms, incentives for investors, and strategic partnerships that will require the execution of bankable Power Purchase Agreements, external financing,…
Afreximbank through its Advisory and Capital Markets (ACMA) division, has acted as Joint Lead Manager for the debut US$300 million RegS-only international senior unsecured notes issued by Mauritius Commercial Bank (MCB) under its US$3 billion Global Medium Term Note Programme. The Notes offering, which was announced on 19 April 2023 following a global virtual investor roadshow,…
With the discovery of the Greater Tortue Ahmeyim (GTA) gas field in 2015 and the latest developments regarding the BirAllah field, Mauritania has become an increasingly attractive destination for investment. In addition to hydrocarbon supply benefits, the country is set to see numerous economic opportunities made possible through oil and gas monetization, all of which…
Angola’s Minister of Economy and Planning, H.E. Mário Caetano João, has indicated that the southern African country is forecasting economic growth of 3% in 2023, with an increase to an average of over 3.6% between 2023 and 2027. Announced on 26 April, the Minister highlighted that economic growth in Angola will be driven primarily by…
