The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of EUR 74.25 million to Cameroon in Abidjan to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.

AfDB names Malinne Blomberg Country Manager for Tunisia

The African Development Bank Group (www.AfDB.org) has appointed Ms Malinne Blomberg, a Swedish national, as Country Manager for Tunisia in addition to her current roles as Deputy Director General for North Africa and Country Manager for Libya and Mauritania. Blomberg, a seasoned development finance professional with more than 25 years of experience, has served extensively…

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NCC will continue to drive the remarkable digital transformation being witnessed - Danbatta

Group Applauds Danbatta for his Achievements in Nigeria’s Telecom Sector

A stakeholder group in the Nigerian Information and Communication Technology (ICT) has commended the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, for his remarkable leadership and the unprecedented achievements in the nation’s telecom sector. The stakeholders came under the auspices of the Nigeria Information Technology Reporters’ Association (NITRA)….

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The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) during its just-ended 85th Ordinary Session in Lomé, Togo has approved XOF 65 billion for the financing of infrastructure development projects in the subregion. Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, stated that the amount committed would go towards two key projects.

ECOWAS Bank for Investment and Development approves XOF 65 billion for infrastructure in West Africa

The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) during its just-ended 85th Ordinary Session in Lomé, Togo has approved XOF 65 billion for the financing of infrastructure development projects in the subregion. Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, stated that the amount…

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Afreximbank has signed financing and other agreements valued in excess of one billion dollars with leading business entities from across the African continent. This was the highlight of the third day of the third Intra-African Trade Fair (IATF2023) currently holding in Morocco.

Afreximbank signs agreement to provide $300 million facility to Trident OGX Congo.

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in Brazzaville has signed an agreement to provide a $300 million facility to Trident OGX Congo in a transaction expected to raise the Republic of Congo’s crude oil production by an estimated 30 per cent. Signed by Ibrahima Bagarama, Regional Chief Operating Officer – Central Africa, for Afreximbank, and John…

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Liquid Intelligent Technologies preparing young South-African entrepreneurs for a digital future

Liquid Intelligent Technologies SA (https://www.Liquid.Tech), a business of Cassava Technologies, a pan-African technology group, is proud to announce that its Youth Empowerment Programme is making remarkable headway, preparing young South Africans with the skills they will need to succeed in a digital future, and opening doors for a brighter future in their communities. The Liquid…

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Gambia and AfDB come together to boost rice output.

Gambia and AfDB come together to boost rice output

Gambian President Adama Barrow and African Development Bank Group (www.AfDB.org) head Dr Akinwumi Adesina pledged on Monday to work together to boost rice production and invest in the country’s vibrant youth and women entrepreneurs. “The Russian-Ukrainian war presents an opportunity for us to solve the problem of food security. There’s no reason why Africans shouldn’t feed…

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