Category: Newsline
Germany pledges 4 billion Euros in Africa’s green energy
The government of Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr Akinwumi Adesina, during the G20 Compact with Africa…
Excellent quality of service is non-negotiable in telecom industry – Maida
The Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida has said that quality of service in the telecommunications sector is non-negotiable as he called for industry collaboration to make this a reality. Maida, who spoke in Lagos at an interactive session with chief executive officers in the industry on Thursday, assured…
AfDB Hosts High-level Member States Engagement Framework Workshop
The African Development Bank has hosted a High-level Member States Engagement Framework Workshop in Abidjan. It was hosted under the auspices of the Office of the Secretary General and General Secretariat in collaboration with the Regional Development Complex. This provided an opportunity for the Bank to reaffirm its commitment to collaborate with its 54 regional…
EBID signs agreement with WEMA for USD50 Million line of credit for SMEs
The ECOWAS Bank for Investment and Development (EBID) has signed an agreement with WEMA Bank Plc, Nigeria providing a USD50 Million line of credit to support Small and Medium Enterprises (SMEs) in the agro-business sector in the Federal Republic of Nigeria. The signing ceremony took place on November 20th, 2023, at the Bank’s Headquarters in…
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…