Source: United Nations Economic Commission for Africa (ECA) |

Experts Review New United Nations Economic Commission for Africa (ECA) Report on Role of Cities in Domestic Resource Mobilization

The report argues that African cities are yet to tap into revenue opportunities that rapid urbanization offers and proposes a framework for consideration

Senior government officials and experts are gathered in Addis Ababa for an Economic Commission for Africa Expert Group Meeting to review the ECA’s new report on the State of Urbanization in Africa: The Role of Cities in Domestic Resource Mobilization. The two-day review meeting is being led by the Urbanization…

African Energy Chamber
Source: African Energy Chamber |

Demonizing Oil and Gas companies is not a constructive way forward on energy transition. Africa will push for “the Right to Drill”

African nations must and will take advantage of their hydrocarbon resources for economic development. Environmental sustainability is a part of it, not an impediment

In an article written for the Guardian newspaper this week, Nobel Peace Prize Winner Archbishop Desmond Tutu of South Africa argued for an Apartheid-style boycott on coal, oil and gas companies as a solution to fight climate change and help ensure global environmental sustainability goals. “We must stop climate change.…

African Union of Housing Finance (AUHF)
Source: African Union of Housing Finance (AUHF) |

African Union for Housing Finance (AUHF) Cape Town Declaration provides 5 Point Plan for African Governments to address housing Finance Shortage

The most critical issue facing housing markets worldwide, whether in established or emerging markets, is housing affordability

Following the successful completion of their 35th Annual Conference, the members of the African Union for Housing Finance (AUHF.co.za) together agreed on a Cape Town Declaration on Housing Finance, at their Annual General Meeting on 6 November 2019.  The 35 active AUHF members expressed their commitment to realising housing affordability across the…

Source: European Investment Bank (EIB) |

European support to rehabilitate Malawi transport network confirmed: EUR 139m

Works to reduce transport costs, cut travel time and facilitate export

European institutions provide a EUR 139 million contribution towards the rehabilitation of over 347 km of the M1 road; EUR 95.5 million EIB loan combined with EUR 43.1 million European Union grant, to support EUR 191 million total investment; works to reduce transport costs, cut travel time and facilitate export;…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Mozambique

The outlook for 2020 is for a strong rebound in economic activity and low inflation

An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during November 6–12, 2019, to take stock of recent economic developments and update macroeconomic projections. At the end of the mission, Mr. Velloso issued the following statement: “As a result of Tropical Cyclones Idai and Kenneth, real…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Lesotho

An International Monetary Fund (IMF) team, led by Mr. Joseph Thornton, IMF Mission Chief for Lesotho, visited Maseru during November 6-13, 2019

Lesotho continues to face challenges in adjusting to lower Southern African Customs Union (SACU) revenue; Restraining current spending and effective expenditure controls will be essential to maintain a sustainable fiscal position; Public investment should be carefully vetted and ensure progress in key development priorities. An International Monetary Fund (IMF) team,…

EY
Source: EY |

Southern Africa’s Top Entrepreneurs Announced in Johannesburg, South Africa

This year’s finalist group and of course, the winners, have built businesses across all sectors offering innovation and exceptional acumen and leadership

Southern Africa’s top three entrepreneurs were named at the 22nd Annual EY (https://www.EY.com) World Entrepreneur Awards gala dinner in Johannesburg on Wednesday 13 November 2019. CEO’s, Founders, and leading entrepreneurs attended the Southern Africa programme of the world’s most prestigious business awards for entrepreneurs: the Global EY Entrepreneur Of The…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2019: Unveiling the Boardroom: $67.6 billion dollars of deals tabled, $40.1 billion investor interest secured

Africa is winning…Africa is bankable- African Development Bank President Akinwumi Adesina

It was deals that brought participants to the 2019 Africa Investment Forum and they were not disappointed. The second Forum ended on a high note Wednesday, with 56 boardroom deals valued at $67.6 billion tabled - a 44% increase from last year. Fifty-two deals worth $40.1 billion secured investor interest…

Source: African Development Bank Group (AfDB) |

African Development Bank Group becomes a shareholder in Africa Finance Corporation

The Bank Group’s investment in Africa Finance Corporation (AFC) will enable both institutions to accelerate infrastructure development and delivery on the continent

Shareholding follows investment of $50 million in AFC’s equity by Bank Group; African Development Bank (https://www.AfDB.org) becomes second investment-grade Supranational Finance Institution to join and invest in AFC. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade…

Source: Novartis |

Novartis announces new strategy to provide innovative medicines to more patients in sub-Saharan Africa

A newly formed sub-Saharan Africa unit will deploy innovative approaches to increase patient reach across the full income pyramid

The strategy is aligned with the Novartis Access Principles, which aim to systematically integrate access strategies in how the company researches, develops and delivers medicines globally; a newly formed sub-Saharan Africa unit will deploy innovative approaches to increase patient reach across the full income pyramid; Novartis (Novartis.com) is building on its…