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…
The Africa’s Business Heroes (ABH) Prize Competition is calling for the participation of business professionals from across Africa as judges of its 2023 edition, as it is on course to be bigger and better this year. With less than three weeks before entries close on May 12, more than 21,000 entrepreneurs from all corners of…
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal that will serve as a one-stop shop for all fintech activities in Africa. The agreement was signed on 4 April 2023. The Africa Digital Financial Inclusion Facility (ADFI) will…
The inaugural GITEX Africa will make its historic debut from 31 May-2 June 2023, welcoming more than 900 exhibitors, start-ups, and visiting delegations from 95 countries for three days of intensive outcome-focused public-private sector collaborations in the world’s next biggest digital economy.The cross-continent support of the global tech community has culminated in a sold-out GITEX…
The Nigerian Communications Commission remitted an Operating Surplus/Spectrum Fees of estimated N197.7bn to the Federal Government for the 2021 financial performance reporting period. Responding to a publication which claimed that the Commission incurred a deficit of N17bn for the year because of expenditures on personnel and consultancy fees, the NCC, in a statement issued…
