Category: Newsline
5 Regional Members set to join African Development Fund replenishment
5 African Development Bank Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member constituency—The Gambia, Ghana, Liberia, Sierra Leone, and Sudan—will contribute to the ADF from its next replenishment cycle…
AfDB to unlock significant additional resources for fragile states – Adesina
The Board of Governors of the African Development Bank Group has approved Management’s request to leverage the equity of the African Development Fund, its concessional lending window, to mobilize more resources on the capital markets. When fully implemented, the Bank Group could unlock up to $27 billion to help low-income and fragile states., Bank Group…
Mauritania’s 80GW Hydrogen Pipeline Piques Interest by Germany, World Bank and Others
Mauritania has set forth plans for hydrogen projects that could potentially generate an impressive 80 GW of electrolyser capacity. This pipeline is being planned by several renowned companies, including CWP, Chariot, bp, Conjuncta, and Infinity, and while the aspirations for Mauritania to become a green hydrogen hub are significant, two main challenges lie ahead: financing…
Danbatta to Receive National Productivity Order of Merit Award
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has been announced as one of the winners of this year’s National Productivity Order of Merit (NPOM) Award. According to a statement issued by NCC’s Director, Public Affairs, Reuben Muoka, the announcement was made in an advertorial signed by the Director…
It is your turn!
I wish to congratulate you Mr. President for your stewardship of Nigeria for the past eight years. Thank you very much for all your strong support for me, as President of the African Development Bank Group. Without your strong support for me in 2015, and then in 2020, I would not have been President of…
AFDB: Africa remains resilient to new shocks
African Development Bank Group has highlighted its critical contributions to the continent’s development and the wellbeing of its people in 2022. The Annual Development Effectiveness Review published yearly since 2011, assesses the Bank’s support to the sustainable development of African countries. It specifically monitors contributions to the Bank’s High 5 strategic priority areas driving Africa’s…
Africa is set to be the second-fastest growing region in the world – AFDB
Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple global shocks. But the projected growth will depend on global conditions and the continent’s ability to bolster its economic resilience, the African Development Bank’s 2023 African Economic Outlook report…
MTN creates shared value, with ESG at the core
MTN Group is committed to enabling the benefits of a modern connected life for everyone in our markets. Our 2022 Sustainability Report (SR) spells out our work in the year to create shared value, with ESG at the core. In a year fraught with challenges, we remained focused onensuring that we create value for our stakeholders through responsible environmental, social, governance and economic value-added practices and solutions. The challenges included the…
Africa50 and Bayobab partners to develop pan-African terrestrial fibre
Bayobab and Africa50 has signed a partnership to develop Project East2West, a terrestrial fibre optic cable network connecting the eastern shores of Africa to those on the continent’s west. The partnership will invest up to US$320 million connecting ten African countries over the years 2023, 2024 and 2025. Bayobab is wholly owned by MTN Group….
MTN wins big at CIPS awards
MTN Global Sourcing and Supply Chain (GSSC) emerged as the standout winner, taking home five prestigious awards, including the coveted “Procurement Team of the Year – Large Organization” at the Chartered Institute of Procurement & Supply (CIPS) Awards ceremony which brought together procurement professionals from around the globe to celebrate their accomplishments. The awards won…