This past June, world leaders gathered in Paris for the Summit for a New Global Financing Pact. The goal was to review and revise the current global financial architecture to create a more just and beneficial system, especially for the nations and people of the Global South. Discussions included rechannelling the International Monetary Fund’s (IMF’s)…
On 21st September 2023, the world marked the International Day of Peace. This year’s theme is Actions for Peace: Our Ambition for the #GlobalGoals, which the UN describes as a call to action for collective and individual efforts to foster peace. The African Development Bank Group has forged partnerships that underscore a commitment to achieving…
The African Development Bank President, Dr Akinwumi Adesina, has submitted that the global financial architecture constrains Africa’s development, recommending five ways it can be made fairer. Speaking at a high-level roundtable—Towards a Fair International Financial Architecture—at the 78th United Nations General Assembly last week, Adesina said the international financial architecture was not delivering the scale of…
The African Development Bank Group (www.AfDB.org), has announced a 15-month debarment of Joycot General Contractors Ltd. effective 8 September 2023. Joycot General Contractors Ltd. is a construction company registered under the laws of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that Joycot General Contractors Ltd. engaged in fraudulent practices…
Africa Finance Corporation (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is poised to drive increased trade…
Global innovative technology brand TECNO (www.TECNO-mobile.com) has announced its official partnership with the Confederation of African Football (“CAF”) as the exclusive smartphone sponsor for the TotalEnergies Africa Cup of Nations Cote d’Ivoire 2023. The partnership between TECNO and CAF was officially sealed during a momentous ceremony held in Singapore, witnessed by esteemed attendees including TECNO…
The Nigerian government has subscribed to a free and secure Internet for Africa, which is capable of bridging the digital divide and creating innovative opportunities within the continent. Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, who canvassed this position at the just-concluded Africa Internet Governance Forum at the Transcorp Hilton, Abuja, said…
The Nigerian Communications Commission (NCC) has extended the deadline for submission of applications and entries into the 2023 Talent Hunt through Hackathon to Saturday, September 30, 2023. To this end, the deadline for application/entries into the contest, which opened on September 1, 2023, and initially closed today (September 22, 2023), has now been extended to…
The African Development Bank Group (www.AfDB.org)Â and the European Bank for Reconstruction and Development (EBRD) on Thursday announced the setting up of a joint taskforce to foster entrepreneurship to catalyse jobs creation and growth in Egypt, Morocco, and Tunisia. The official launch of the taskforce took place on Thursday, 21 September 2023 during a workshop in…
The African Development Bank (www.AfDB.org) and Google today formalized cooperation aimed at advancing digital transformation in Africa. The parties signed a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York. The agreement underscores a shared commitment to harness emerging technologies, extend and improve infrastructure, and refine…
