Source: African Development Bank Group (AfDB) |

African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers

This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future

Responds to G20 Action Plan for MDB Balance Sheet Optimization; Creates additional headroom that will be chanelled to support further development across Africa; Supported by Insurance Broker - RFIB Group Ltd and leading UK reinsurers. The African Development Bank (AfDB) (www.AfDB.org) and African Trade Insurance Agency (ATI) announce the successful completion…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Green Climate Fund Board approves three African Development Bank proposals for Green Climate Projects worth over US$ 110 million

The program is further resourced by co-financing from the Bank, the European Union, the Global Environmental Facility, the Forestry Investment Programme of the Climate Investment Funds

The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank (www.AfDB.org) totaling over US$110 million. The approvals were granted at the GCF’s 21st Board Meeting held October 17 – 20 2018 in Manama, Bahrain. Overall, the GCF Board, which was co-chaired…

Source: The World Bank Group |

World Bank, Government of Kenya to Discuss Disability Inclusive Education in Africa

It is estimated that fewer than 10 percent of children with disabilities in Africa attend school

The World Bank, in collaboration with United States Agency for International Development (USAID) and UNICEF, will conduct a Technical Learning Session on Inclusive Education from October 23 – 25, 2018 in Nairobi, Kenya. The event is co-hosted by the Government of Kenya. It is estimated that fewer than 10 percent…

Source: African Development Bank Group (AfDB) |

African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency and UK reinsurers

This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future

Responds to G20 Action Plan for MDB Balance Sheet Optimization; Creates additional headroom that will be chanelled to support further development across Africa;  Supported by Insurance Broker - RFIB Group Ltd and leading UK reinsurers. The African Development Bank (AfDB) (www.AfDB.org) and African Trade Insurance Agency (ATI) announce the successful…

Source: African Development Bank Group (AfDB) |

South Africa’s mass transit sector secures US$ 10 million and ZAR 1.4 billion African Development Bank loans

The financing will support the Company’s growth plans and initiatives to support Small and Medium Enterprises (SMEs) in the country’s mass transit segment

The African Development Bank (www.AfDB.org) has approved over US$100 million in loans to SA Taxi Development Finance Limited, a wholly owned subsidiary of SA Taxi Finance Holdings Proprietary Limited, a vertically integrated business platform that provides a comprehensive financial and allied services offering to minibus taxi operators.  The minibus taxi system…

API Events
Source: API Events |

Fortifying Affordable Housing’s Role in Expanding Economic Growth

Akporji points to the ongoing reforms and evolution of the roles of both the public and private sector along the housing value chain

As the continent’s largest economy, international development experts, innovators and funders increasingly believe that Nigeria is positioned to provide a market-driven solution to one of the continent’s most significant challenges and opportunities: Affordable Housing. While Nigeria’s size, ability to scale and recalibrated post-recession economy provides the ammunition for such a…

Dangote Group
Source: Dangote Group |

Dangote Refinery project to boost activities in downstream, says Lagos Chamber of Commerce and Industry (LCCI)

He said the refinery will lead to the protection of forex revenue of around $16 billion a year at current market prices and saving of $10 billion a year through domestic supplies of petroleum products

The President, Lagos Chamber of Commerce and Industry (LCCI), Mr. Babatunde Paul Ruwase has described as magnificent and spectacular the impact the Dangote (www.Dangote.com) Oil Refinery project would have on the Nigeria’s downstream petroleum sector. Download the document - Dangote Refinery: https://africa-newsroom.com/files/download/e69c9b175ddc7da  Download the document - Nigeria impact of Dangote…

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

Economic Commission for Africa (ECA) aiming to become Africa’s premier think tank, Vera Songwe tells African Ambassadors

Speaking at a retreat of African permanent representatives based in Addis Ababa, Ms. Songwe said most African countries were facing similar issues in an ever-more challenging global context

The Economic Commission for Africa (ECA) is working hard to ensure it becomes a premier think tank that Africa can rely on to address some of its social, economic and environmental challenges, Executive Secretary Vera Songwe said, Wednesday. Speaking at a retreat of African permanent representatives based in Addis Ababa,…

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

Ministers endorse continental report on population and development issues in Africa

Africa needs to invest well to reap a dividend from its increasing youth population

Ministers and senior government officials-in-charge of population in Africa met in Accra, Ghana, from 4 to 5 October 2018 and endorsed a continental report of the five-year review of the implementation of the Addis Ababa Declaration on Population and Development (AADPD).  The AADP, a key framework for addressing population and…

Source: Republic of South Africa: The Parliament |

BRICS Parliaments adopt a Time-Table for Consultations to Finalise the Establishment of a BRICS Parliamentary Forum to Enhance Collaboration as Proposed by South Africa

Speaker Mbete said, so much needs to be done to translate the ideals that inspired BRICS parliamentarians to work closer together on matters of common interest

Speakers of BRICS Parliaments, have given a preliminary nod to a proposal of the South Africa to formally establish a BRICS Parliamentary Forum by March 2019 in South Africa. Speaker of the South African National Assembly, Ms Baleka Mbete, convened a meeting of BRICS Parliamentarians at the Kempinski Hotel in…