Category: Newsline
AfDB announces debarment of Kenyan company, Goldsun Investments
The African Development Bank Group has announced a 24-month debarment of Goldsun Investments Company Ltd. with effect from 31 January 2023. Goldsun Investments Company Ltd. is a limited liability company registered in the Republic of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Goldsun Investments Company Ltd. engaged in…
EBID sets up IT Backup Site in Cabo Verde
The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor has signed an agreement with Nucleo Operacional da Sociedade de Informacao (NOSI) in the Republic of Cabo Verde to host the Bank’s first backup site. At a ceremony which took place in the…
Olajide Abiola steps down as CEO of Kiakia
Olajide Abiola, co-Founder and Chief Executive Officer of Kiakia, one of Nigeria’s pioneer digital lenders and leading peer-to-peer marketplace, has announced his decision to step down as the Chief Executive Officer of Kiakia with immediate effect. In a statement released on Tuesday, Mr Abiola announced that Chiemeziem Anyadike, co-Founder and COO of Kiakia will be…
6th Transform Africa Summit Comes to an end
The 6th edition of the Transform Africa Summit held in Victoria Falls, Zimbabwe has come to an end. Notable among the things that transpired during the summit is new memberships in the Smart Africa Alliance namely The Kingdom of Eswatini which became the 37th member state of the alliance which celebrated its 10th anniversary this…
African Critical Minerals: The Key to a Green Energy Future
Critical minerals are essential for the development of renewable energy technologies such as solar panels, wind turbines, green hydrogen, electric vehicles (EVs), and battery storage, and Africa’s mineral wealth has the potential to benefit not only the continent, but to provide a foundation for the global energy transition. Accounting for more than 85% of most…
CardoO Launches Internet of Things (IoT) Mobile App
CardoO, a fast-growing brand for IoT consumer electronics, announced today its participation in GITEX Africa 2023 and the launch of its new IoT mobile app. The Egyptian-based startup is set to revolutionize the market by providing outstanding, price-efficient smart devices that enhance people’s day-to-day lives. CardoO has achieved significant growth in the Egyptian market, with…
The present and the future belong to your generation – AfDB President
African Development Bank Group President Akinwumi A. Adesina has called on young university graduates to be instruments of change in a world beset by increasing socio-economic challenges. Delivering the keynote speech at America’s Calvin University Commencement ceremony, Dr. Adesina told the audience, including 700 graduates, “The world faces many simultaneous challenges, promising a future of…
Madagascar President Andry Rajoelina wins the 2023 Babacar Ndiaye Trophy
The Africa Road Builders Selection Committee has named Madagascar’s President Andry Rajoelina, the winner of the prestigious Babacar Ndiaye Trophy, for his commitment to infrastructure development in the island state. He succeeds Tanzanian President Samia Suluhu, who won the award in 2022. According to a press release by the Committee, members chose President Rajoelina at…
Afreximbank acts as Joint Lead Manager on Mauritius Commercial Bank’s US$300 million Debut International Senior Bond
Afreximbank through its Advisory and Capital Markets (ACMA) division, has acted as Joint Lead Manager for the debut US$300 million RegS-only international senior unsecured notes issued by Mauritius Commercial Bank (MCB) under its US$3 billion Global Medium Term Note Programme. The Notes offering, which was announced on 19 April 2023 following a global virtual investor roadshow,…
Top 5 Sectors Set to Benefit from Mauritania’s Oil & Gas Development
With the discovery of the Greater Tortue Ahmeyim (GTA) gas field in 2015 and the latest developments regarding the BirAllah field, Mauritania has become an increasingly attractive destination for investment. In addition to hydrocarbon supply benefits, the country is set to see numerous economic opportunities made possible through oil and gas monetization, all of which…