The African Development Bank Group has announced a 24-month debarment of Goldsun Investments Company Ltd. with effect from 31 January 2023. Goldsun Investments Company Ltd. is a limited liability company registered in the Republic of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Goldsun Investments Company Ltd. engaged in…
The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor has signed an agreement with Nucleo Operacional da Sociedade de Informacao (NOSI) in the Republic of Cabo Verde to host the Bank’s first backup site. At a ceremony which took place in the…
Olajide Abiola, co-Founder and Chief Executive Officer of Kiakia, one of Nigeria’s pioneer digital lenders and leading peer-to-peer marketplace, has announced his decision to step down as the Chief Executive Officer of Kiakia with immediate effect. In a statement released on Tuesday, Mr Abiola announced that Chiemeziem Anyadike, co-Founder and COO of Kiakia will be…
The 6th edition of the Transform Africa Summit held in Victoria Falls, Zimbabwe has come to an end. Notable among the things that transpired during the summit is new memberships in the Smart Africa Alliance namely The Kingdom of Eswatini which became the 37th member state of the alliance which celebrated its 10th anniversary this…
Critical minerals are essential for the development of renewable energy technologies such as solar panels, wind turbines, green hydrogen, electric vehicles (EVs), and battery storage, and Africa’s mineral wealth has the potential to benefit not only the continent, but to provide a foundation for the global energy transition. Accounting for more than 85% of most…
When Europe began searching for alternatives to Russian oil and gas following that country’s invasion of Ukraine, one of the producing countries they focused on was Algeria. The decision made strategic sense from both a supply and access standpoint. Algeria is the world’s 10th largest global gas producer and fourth largest gas exporter, and only…
CardoO, a fast-growing brand for IoT consumer electronics, announced today its participation in GITEX Africa 2023 and the launch of its new IoT mobile app. The Egyptian-based startup is set to revolutionize the market by providing outstanding, price-efficient smart devices that enhance people’s day-to-day lives. CardoO has achieved significant growth in the Egyptian market, with…
Nothing? That is no news. You are definitely not alone in thinking so. A couple of weeks back, under the auspices of our Africa Enterprise, we organised the Enterprise Development Talk with the same theme – What do you have in your hands? I didn’t get to speak, but it definitely took me down memory…
Uyo. Akwa Ibom. Slightly over a month ago. It was the last of our four days in Akwa Ibom. It was a Sunday. Departure flight was for early evening. Decided on a walk around what I had, on previous visits, thought to be an expansive greenery around Meridien (now known as Ibom Icon). I always…
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…
