Category: Newsline
We must come together to support Libya – AfDB’s Akinwumi Adesina
On behalf of the African Development Bank Group (www.AfDB.org), I extend our deepest sympathies to the communities impacted by Mediterranean storm Daniel in Libya. This storm has resulted in a significant loss of life and widespread devastation, most notably in the worst hit city of Derna. Libya is a nation already facing many challenges. Sadly,…
Haliburton, other OFS Providers Call for Innovation in Decarbonizing Angola’s Oil & Gas Operations
As the upstream industry undergoes a global shift toward decarbonization, a strategic panel at Angola Oil & Gas 2023 Conference & Exhibition has called for innovation in decarbonizing Angola’s Oil & Gas Operations Angola’s leading oilfield service providers discussed how to innovate and accelerate the deployment of low-carbon technologies during the closing panel on Day…
EBID President, Dr George Agyekum Donkor, nominated for another international award
In a landmark achievement, the President and Chairman of the Board of Directors of ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, has been nominated for yet another international honour- the Development Champion Award by the Rebranding Africa Forum. The award will be presented during a special ceremony in Brussels, Belgium, as…
AfDB, Korea Korea strengthen drive towards Africa’s food security
The Government of Korea and the African Development Bank Group are intent on strengthening their partnership to support African countries in achieving food security in five years and boost the continent’s capability to produce its own vaccines and other pharmaceutical products. Speaking on Monday during a meeting with Korea’s Minister of Agriculture, Food and Rural…
NASENI’S CEO PLEDGES TO LEARN FROM AND CORRECT PAST MISTAKES
The new Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu, has charged the management team to commit fully to the new direction being charted for the agency.  Halilu stated this Monday, as he began receiving operational briefings from the agency’s management and senior staff. He reiterated…
Africa Climate Summit: AfDB’s SEFA welcomes $50 million in new commitments from US & Germany
The African Development Bank’s (www.AfDB.org) Sustainable Energy Fund for Africa (SEFA) welcomes approximately $50 million in new funding contributions from Germany and the United States. The contributions will serve to boost its position as one of the continent’s leading climate finance facilities. The funding was announced on Tuesday 5 September at a high-level event organised…
Yellow Card and MoonPay Collaborate to Enhance Crypto Accessibility in Nigeria
In a significant move towards expanding cryptocurrency accessibility in Nigeria, Yellow Card (https://YellowCard.io/), a pioneering African fintech company, has joined forces with MoonPay, a global leader in the cryptocurrency ecosystem. This strategic partnership aims to streamline and enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers. Nigeria has emerged as a powerhouse…
African Development Bank leads charge for better food systems
The 2023 Africa Food Systems Summit held recently in Dar es Salam has called on African leaders to build better food systems and promote food sovereignty, with youth and women at the centre. On the sidelines of Africa’s annual agriculture summit, the African Development Bank Group hosted a food sovereignty and resilience event. This follows…
AfDB stands in solidarity with the people of Morocco
The earthquake that struck Morocco on the evening of Friday 8th September 2023 was devastating. With over two thousand people dead and hundreds injured, it has brought much sorrow and untold hardships to many families that lost their loved ones. It has thrown the nation and the people of Morocco in much grief. The distressing…
Nigeria’s Telecom Contribution to GDP Hits 16% – Danbatta
·     Says broadband penetration to hit 50% by year-end The telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data reported by the Nigerian Communications Commission (NCC) based on the computation by the Nigeria Bureau of Statistics (NBS)….