Category: Newsline
Winners emerge in the 2023 NCC Talent Hunt Research Through Hackathon
Winners emerged today in the last part of the 2023 Nigerian Communications Commission (NCC) Talent Hunt Research Through Hackathon. Out of the 81 entries that came in, 12 were shortlisted to participate in the tech innovation contest, out of which 3 emerged as winners from three thematic foci. In the Blockchain Solution category, Know-Now Limited…
AfDB, IDB, CGD, and Rockefeller Foundation discuss the rechanneling of SDRs
The African Development Bank (AfDB) (www.AfDB.org), Inter-American Development Bank (IDB), the Rockefeller Foundation, and the Center for Global Development came together to co-host a high-level meeting on October 13th to discuss the rechanneling of Special Drawing Rights (SDRs) from contributing countries through Multilateral Development Banks (MDBs). The objective is to boost their development and climate…
AAOIFI, IsDB set to host the 18th Annual Islamic banking and finance conference
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), together with the Islamic Development Bank Group (IsDB), represented by IsDB Institute (IsDBI) (https://IsDBInstitute.org/), is set to host the 18th edition of its annual Islamic banking and finance conference under the auspices of the Central Bank of Bahrain. The two-day conference will be held in…
AfDB approves South Africa’s Country Strategy Paper (CSP) 2023-2028
The Board of Directors of the African Development Bank Group (https://www.AfDB.org/en) has approved South Africa’s Country Strategy Paper (CSP) 2023-2028. The Bank’s interventions over the next five years will focus on two priority areas: improving governance and developing the private sector in southern Africa’s largest and most populated country. The CSP 2023-2028 aims to support…
AfDB supports Tanzanian small horticultural businesses with $2.5 million grant
The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. The funds, approved on 19 October 2023, will come from the Global Agriculture & Food Security Program to support mainly food system service providers in rural areas. The programme aims…
Vivajets Unveils Fractional Aircraft Ownership Service
Vivajets, has rolled out a set of innovative product offerings at a recent international conference held by the company in Lagos. The organization also released a guide on fractional aircraft ownership, a specialized service that enables customers to become part owners of an aircraft. As Africa evolves through an increase in population, innovation and enterprise,…
Guinea: Agricultural supplies delivered as part of the AfDB’s Emergency Food Production Project
The transitional government in Guinea, in partnership with the African Development Bank Group (www.AfDB.org), has received a large consignment of agricultural supplies in Guinea’s western town of Forécariah for distribution to local farmers. The consignment, delivered on 13 October 2023, forms part of implementing the Emergency Food Production Project, spearheaded by the African Development Bank….
Afreximbank and CEXIM sign agreement for US$600 million loan
The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have signed an agreement for US$600 million loan to fund loans and trade finance transactions. The purpose of the loan is to facilitate and finance the trade and economic cooperation between the member states of Afreximbank and the People’s Republic of China (PRC)….
African Nuclear Energy Commission Advocates for Nuclear Power in Africa
The significant advantages of nuclear energy in addressing Africa’s energy needs and eradicating energy poverty have been highlighted during a panel discussion at African Energy Week, in Cape Town. Enobot Agboraw, Executive Secretary of the African Commission on Nuclear Energy noted factors including longevity, cost-effectiveness and the environmental resilience of nuclear power as reasons why…
NASENI, 3 Chinese Companies Sign MoUs for new projects valued at $2 billion.Â
The National Agency for Science and Engineering Infrastructure (NASENI) and 3 Chinese Companies have signed memorandum of understanding for new projects valued at $2 billion.  At a ceremony attended by Vice President Kashim Shettima (GCON) on Thursday, October 19, 2023, on the sidelines of the third Belt and Road Initiative (BRI) Forum in Beijing, China, the National Agency for Science and Engineering…