Category: Newsline
AfDB approves donation of EUR 34.27 million to Chad for Water and Sanitation
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a donation of EUR 34.27 million to Chad in Abidjan to implement the second phase of the Semi-urban and Rural Drinking Water Supply and Sanitation Programme in 11 of the country’s regions. The financial support comes from resources under Pillar I of…
7 State Governors from Nigeria visit African Development Bank, seeking cooperation
Seven newly elected Nigerian State Governors visited the African Development Bank Group in Abidjan to strengthen cooperation and unlock the country’s vast agricultural potential. The delegation, meeting with Bank President Dr Akinwumi Adesina, was led by Katsina State Governor Mallam Dikko Umar Radda, and included Governors Dr Nasiru Idris of Kebbi State, Alhaji Umar Namadi…
Ecobank and African Guarantee Fund Sign Transformative USD 200 Million Risk Sharing Agreement
Ecobank and African Guarantee Fund have signed a Transformative USD 200 Million Risk Sharing Agreement. This, according to the Bank, is the largest guarantee facility in sub-Saharan Africa. The risk sharing agreement marks the third renewal of the partnership between Ecobank (www.Ecobank.com) and AGF. SMEs from across 27 African markets in which Ecobank operates will…
Senate confirms Maida as Executive Vice Chairman of NCC
The Nigerian Senate has today confirmed the appointment of Dr. Aminu Maida as the substantive Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC). Maida was confirmed by the Senate during its plenary session where it adopted a report of the Senate Committee on Communications that screened Maida on Wednesday, November…
Afreximbank signs agreement for the Export Agriculture for Food Security (ExAFS) Initiative
The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has entered into a framework agreement for the Export Agriculture for Food Security (ExAFS) Initiative with ARISE Integrated Industrial Platforms (ARISE IIP) and the governments of Chad, Malawi, Zimbabwe and Egypt. The initiative seeks to initiative to improve food security in Africa. At a ceremony on the fifth day…
Yellow Card launches PayPal USD (PYUSD)
Yellow Card has announced that it has become the first fintech on the African continent to launch PayPal USD (PYUSD). According to the company, this new stablecoin fromPayPal, issued by Paxos, will open new horizons for digital financial transactions between Africa and the United States. Crypto adoption in Africa is booming – according to a…
NCC Boss applauds Project Train 3M on ICT Skills
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has applauded the proposal by the Hon. Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, to enlist and train three million Nigerians over a period of four years, which will make the country an exporter of digital skills. Maida, who…
Africa Investment Forum secures $34.82 billion in investor interest
The Africa Investment Forum’s 2023 Market Days generated $34.82 billion in investment interest for infrastructure, agriculture, health, and creative industry projects. The three-day global event, with the theme “Unlocking African Value Chains,” ended on Friday in the Moroccan city of Marrakech, the event drew over 1,000 delegates from more than 60 countries. “We are building…
Liquid Dataport announces collaboration with Intelsat
Liquid Dataport, a business of Liquid Intelligent Technologies (https://www.Liquid.Tech/), a pan-African technology group, is proud to announce its collaboration with Intelsat, one of the world’s largest satellite services providers, increasing the availability of fast and reliable connectivity in Africa during power disruptions. One key aspect of this collaboration is Liquid’s service called ‘Service Continuity’. Organisations…
AfCFTA can break Africa’s colonial legacy – Ekra
The African Continental Free Trade Area (AfCFTA) can break Africa’s colonial legacy of exporting raw materials and importing finished goods, Jean-Louis Ekra, Deputy Chairperson of the Intra-African Trade Fair (IATF2023) Advisory Council and a former President of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has said. Delivering an opening statement at the Trade and Investment Conference…