African Development Bank Group (AfDB)
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    • Mauritius will receive significant financial support from the African Development Bank to strengthen its post-Covid-19 economic recovery
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Source: African Development Bank Group (AfDB) |

Mauritius: The African Development Bank grants $240 million loan to support economic diversification and competitiveness

Several government measures will be supported, including the government’s approval of the fisheries framework bill to fill the gaps in current legislation

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $240 million to Mauritius in Abidjan on 22 May 2024 to implement the second phase of the Economic Competitiveness and Resilience Support Program. “Following the approval and implementation of the first phase of the Program…

Braintree
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    • Donald Van der Merwe, Old Mutual Africa
    • Craig Fidler, Braintree
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Source: Braintree |

Braintree partners with Old Mutual Africa towards a new era of financial management and operational efficiency

This collaborative approach was instrumental in achieving a smooth transition and in harnessing the full potential of the new system

There is no doubt that the goal of a company’s Chief Financial Officer is to have clean and accurate audits across the business – a single source of truth with a strong focus on compliance. As a diversified financial services company operating in 12 countries across the continent, Old Mutual…

African Development Bank Group (AfDB)
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    • (L-R) Sudan’s Finance Minister and African Development Bank Governor, Dr. Gebreil Ibrahim Mohamed Fediel, warmly shakes hands with Rufus N. Darkortey, the Bank’s Executive Director for The Gambia, Ghana, Liberia, Sierra Leone, and Sudan
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Source: African Development Bank Group (AfDB) |

African Development Bank reaffirms support for Sudan amid civil conflict

The Bank approved $74 million for the Sudan Emergency Wheat Production project, implemented by the World Food Program, which is enhancing food security and wheat production

The African Development Bank (www.AfDB.org) has reassured Sudan of its continued support in providing humanitarian and economic assistance, while addressing other priority needs amid the country’s ongoing civil conflict. Rufus N. Darkortey, the Bank’s Executive Director representing The Gambia, Ghana, Liberia, Sierra Leone, and Sudan, reaffirmed this commitment during discussions…

Stellantis
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    • From left: Stellantis CEO Carlos Tavares and Leapmotor Founder, Chairman and CEO Jiangming Zhu
    • Leapmotor International Product Planning Chart
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Source: Stellantis |

Leapmotor International Begins Operations to Expand Global Electric Vehicle Sales Starting September 2024 in Nine European Countries, Followed by Other Key Growth Regions

The partnership aims to further boost Leapmotor’s sales in China, the biggest market in the world, while leveraging Stellantis’ established global commercial presence

Leapmotor International, a 51/49 Stellantis-led company between Stellantis (https://www.Stellantis.com/en) and Leapmotor, is dedicated to redefining electric vehicles through cutting- edge technology and innovation and boasting comprehensive, in-house development capabilities; Leapmotor International expansion plans will boost scale very quickly, helping drive value for both Leapmotor and Stellantis; Leapmotor International to start…

African Development Bank Group (AfDB)
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    • Minister of Industry, Trade and Investment, Dr. Doris Nkiruka Uzoka-Anite,(far right) and Nasarawa State Governor, Abdullahi Sule, welcome Director General, African Development Bank, Nigeria DG Lamin Barrow to the Nasarawa Investment Summit 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank invests $1.44 billion to support infrastructure development in Nigeria

The energy sector alone will require $759 billion, while the transport sector needs $575 billion

The African Development Bank (www.AfDB.org) has invested $1.44 billion to support the development of energy and power, transport, water, and sanitation infrastructure in Nigeria. The Bank’s Nigeria Country Department, Director General Lamin Barrow disclosed this at the Nasarawa Investment Summit 2024, held from 15 – 16 May in Lafia, the…

MultiChoice Group
Source: MultiChoice Group |

Africa Day: Building businesses that improve African lives (By Fhulu Badugela)

As the continent celebrates Africa Day on 25 May, two business priorities come into sharp relief; Businesses must remain profitable to survive, but they must also deliver a net benefit for society

By Fhulu Badugela, MultiChoice Africa CEO (www.MultiChoice.com). As we mark Africa Day, people and organisations commit themselves to making a positive difference for the continent. Building a business model that improves lives is the most effective way to achieve this, writes MultiChoice Africa CEO Fhulu Badugela. As the continent celebrates Africa Day on 25 May, two…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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    • Dr. Khalid Khalafalla, Officer-in-Charge of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Appointment of Dr. Khalid Khalafalla as Officer-in-Charge of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

Dr. Khalafalla brings a wealth of experience and expertise to this role, having served in various capacities within the Islamic Development Bank (IsDB) Group

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group is pleased to announce the appointment of Dr. Khalid Khalafalla as Officer-in-Charge, effective 19 May 2024. Dr. Khalafalla brings a wealth of experience…

API Events
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    • Winners from the 2023 API Awards
    • Mikayla Benkenstein, CEO of Hodari Africa
    • Craig Hean, Manging Director of Advisory & Transaction Services at CBRE | Excellerate
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Source: API Events |

African Property Investment awards 2024 now open

Celebrating excellence in African real estate, including South Africa: enter now!

The 8th annual African Property Investment Awards (API Awards) (www.APIEvents.com) are now open for entries. This prestigious platform recognises excellence in the African real estate industry. This year, for the first time, the #APIawards will be open to entries from South Africa. The awards, which will be presented at the API Summit…

Source: United States Agency for International Development (USAID) |

In Visit to Morocco, Administrator Samantha Power Announces New Initiatives for Morocco

The Administrator launched a new partnership with the Rabita Mohammedia League of Scholars and International Organization for Migration

The United States, through USAID, announced multiple new partnerships in Morocco to advance inclusive climate action, food security, and youth empowerment. Wrapping up a four-day visit, Administrator Samantha Power highlighted several new programs and initiatives that build on the more than six decades of partnership between USAID and Morocco.  The Administrator…

Source: The Presidency, Republic of Ghana |

Promise Fulfilled as Dr. Bawumia Commissions Multi-Purpose 'Kayayei' Hostel and Training Programme

The multi-purpose facilities, located in Madina and Ashaiman, in the Greater Accra Region, fulfills a promise made by Dr. Bawumia, on behalf of government in 2019

The Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia, has commissioned an ultra-modern hostel facility, as well as a skills training and empowerment centre in Accra for  head porters, popularly known as Kayayei. The multi-purpose facilities, located in Madina and Ashaiman, in the Greater Accra Region, fulfills a…