Category: Newsline
Africa, the only region without a safety net – AfDB President
The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group (www.AfDB.org) urging countries in Africa to stop borrowing loans backed by their natural resources. The IMF Managing Director Kristalina Georgieva met Thursday with the President of the African Development Bank Group, Dr Akinwumi Adesina, in Abidjan, Cote D’Ivoire. It…
AfDB President Adesina receives Gambia’s highest national award
The Gambia’s President Adama Barrow has conferred his country’s highest national award, the Grand Commander of the Order of the Republic of The Gambia, on African Development Bank Group President, Dr. Akinwumi Adesina (www.AfDB.org). The honour is in recognition of Adesina’s leadership role and contributions to development in The Gambia and Africa. President Barrow bestowed…
AfDB, EBID sign agreement for dual currency line of credit
The African Development Bank Group (www.AfDB.org) and the ECOWAS Bank for Investment and Development (EBID) have signed an agreement for a dual currency line of credit comprising $50 million and €50 million to support local agricultural businesses in West Africa. Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, and…
4 innovators receive the Africa Young Innovators for Health Award
The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) (https://www.IFPMA.org/) and Speak Up Africa have announced the winners of the second edition of the Africa Young Innovators for Health Award (https://AfricaYoungInnovatorsforHealth.org/). Mrs Teniola Aderonke Adedeji (Nigeria) and Dr. Ochora Moses (Uganda) have been announced as first prize winners and Mrs Izath Nura (Uganda) and M….
AfDB signs 2 loan agreements with Angola
The African Development Bank Group (www.AfDB.org) on Tuesday signed two loan agreements with the Government of Angola to improve access to climate-resilient and sustainable sanitation services in four coastal towns serving a combined population of 1.4 million. The agreements – for a $75 million loan from the African Development Bank and $49.4 million from the…
Africa’s SDGs progress has been uneven – Report
Africa’s progress on the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063 aspirations has been uneven, with significant differences among subregions, countries, and rural and urban areas. This calls for accelerated efforts to ensure that Africa achieves the global goals by the 2030 deadline, the latest Africa Sustainable Development report has stated. The…
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…
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)….
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…
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…