The African Development Bank President (, Dr Akinwumi Adesina, has pledged his institution’s full support to the United Nations Secretary General’s Early Warning for All initiative and the Systematic Observations’ Financing Facility. The Bank is the implementing entity for the Facility in Africa.

AfDB pushes for greater involvement of private sector in climate finance in Africa

Africa, the continent that pollutes the planet the least, is today one of the world’s most vulnerable to climate risks. While nations across the continent grapple with financing constraints, resources from the international private sector, including multilateral development financiers such as the African Development Bank are helping to catalyze climate action and green growth. For…

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AfDB and JICA sign $350 million) loan to support private sector in Africa

The African Development Bank and the Japan International Cooperation Agency (JICA) signed a JPY 44,100,000,000 ($350 million) loan to finance the Bank’s support for private sector operations in Africa. The loan comes under the Enhanced Private Sector Assistance (EPSA) initiative, which is a component of Japan’s Official Development Assistance to Africa. The fifth version of EPSA,…

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Africa Enterprise

Africa Enterprise is a publication by Hoofbeatdotcom Publishers set up to promote entrepreneurship and innovation in Africa. Our editorial and project-support team cuts across different countries in Africa. We share success stories and challenges faced by select African entrepreneurs, in building their businesses, to inspire future generations and encourage innovation, endeavour and private sector development…

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Inaugural GITEX Africa, hosted by Morocco sells-out

The inaugural GITEX Africa will make its historic debut from 31 May-2 June 2023, welcoming more than 900 exhibitors, start-ups, and visiting delegations from 95 countries for three days of intensive outcome-focused public-private sector collaborations in the world’s next biggest digital economy.The cross-continent support of the global tech community has culminated in a sold-out GITEX…

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Nigerian Communications Commission (NCC) has said that effective application of Information and Communication Technology (ICT) is critical in combating financial crimes by enabling real-time surveillance, regulatory compliance, and secure data processing, just as it sought a multidisciplinary and multi-stakeholder collaborations to address issue of illicit financial flows in the country.

NCC Refutes Report that it incurred Deficit in 2021 Budget

The Nigerian Communications Commission remitted an Operating Surplus/Spectrum Fees of estimated N197.7bn to the Federal Government for the 2021 financial performance reporting period.   Responding to a publication which claimed that the Commission incurred a deficit of N17bn for the year because of expenditures on personnel and consultancy fees, the NCC, in a statement issued…

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