Source: President of the Republic of Kenya |

President Ruto: Kenya’s Industrial Growth Trajectory is on Track

The Government had invested heavily in similar economic zones across the country

Kenya’s journey to becoming a global industrial powerhouse is on course, President William Ruto has said. He cited the current robust investor confidence, saying it is attracting substantial foreign and local investments and elevating the country’s industrial agenda. “Our Special Economic Zone programme is coming of age, vindicating its driving…

Source: Ministry of Foreign Affairs of Japan |

Diplomatic Missions of the Economic Community of West African States (ECOWAS) to Japan paid a courtesy call on Minister KAMIKAWA Yoko

Japan will continue to emphasize dialogue with each country and work closely with ECOWAS countries, both bilaterally and internationally, including at TICAD, in cooperation with the business community

On Wednesday, April 24, for about 50 minutes from 4:30 p.m., Minister for Foreign Affairs Ms. KAMIKAWA Yoko received a courtesy call from the Diplomatic Missions of the Economic Community of West African States (ECOWAS) to Japan. At the outset, Minister Kamikawa paid tribute to the ECOWAS diplomatic missions for…

African Development Bank Group (AfDB)
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    • The Bank played a key role in linking Cameroon and Nigeria through the Bamenda-Enugu road construction project
    • The building of the Cross River bridge, opened in October 2022
    • Marie-Laure Akin-Olugbade, the African Development Bank’s Vice-President for the Regional Development, Integration and Business Delivery Complex, meets with Joseph Dion Ngute, Prime Minister of Cameroon
    • Marie-Laure Akin-Olugbade, the African Development Bank’s Vice-President for the Regional Development, Integration and Business Delivery Complex, met Alamine Ousmane Mey, Cameroon’s Minister of Economy, Planning and Regional Development
    • Louis-Paul Motaze, Finance Minister
    • Meeting with Cameroon's principal technical and financial partners
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Source: African Development Bank Group (AfDB) |

Cameroon: The African Development Bank, a leading infrastructure partner

“The Bank's operations have changed the face of the region” – Cameroonian minister

In an era of transformative development, the African Development Bank Group (www.AfDB.org) stands as a beacon of progress in Central Africa, particularly in Cameroon, where the institution has earmarked more than 50 percent of its portfolio for funding transport infrastructure. The Bank spearheaded crucial projects such as the Ketta-Djoum Road,…

African Development Bank Group (AfDB)
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    • Dr Akinwumi Adesina (right) warns of the impact of non-transparent resource-backed loans on Africa's debt burden. Semafor Summit, Washington DC April 2024 (1)
    • Dr Akinwumi Adesina (right) warns of the impact of non-transparent resource-backed loans on Africa's debt burden. Semafor Summit, Washington DC April 2024 (2)
    • Dr Akinwumi Adesina (right) warns of the impact of non-transparent resource-backed loans on Africa's debt burden. Semafor Summit, Washington DC April 2024 (3)
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Source: African Development Bank Group (AfDB) |

Africa's $824 billion debt burden and opaque resource-backed loans hinder its potential, African Development Bank President warns

The continent would pay $74 billion in debt service payments this year alone, a sharp increase from $17 billion in 2010

Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank President Akinwumi Adesina (www.AfDB.org) said on Thursday. "I think it's time for us to have debt transparency accountability and make sure that this whole thing of these…

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

Strong calls for innovative financing and reform of the international financial system to achieve the Sustainable Development Goals in Africa

At least $500 billion a year is needed to scale up affordable long-term financing for development, alongside structural reforms

In a strong call to stakeholders at the opening of the tenth Africa Regional Forum on Sustainable Development (ARFSD-10) in Addis Ababa, Ethiopia, Amina Mohammed, UN Deputy Secretary-General said urgent action is needed to increase capital flows into developing countries, particularly in Africa to make the SDGs stimulus a reality.…

Source: The Presidency, Republic of Ghana |

State Ownership Report Delays Must Cease – President Akufo-Addo Cautions State-Owned Enterprises (SOEs)

The reports, give government and the public access to information on public enterprises' financial and non-financial performances

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has charged heads and officials of state-owned enterprises to adhere strictly to the submission timelines instituted by the State Interests and Governance Authority on the preparation and further publication of State Ownership Reports. “As a follow-up to this directive, I expect…

Afreximbank
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    • Afreximbank dominates Bonds, Loans & Environmental, Social and Governance (ESG) Capital Markets Awards 2024
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Source: Afreximbank |

Afreximbank dominates Bonds, Loans & Environmental, Social and Governance (ESG) Capital Markets Awards 2024

Afreximbank was recognised with ‘Financial Institutions Bond Deal of the Year’ for acting as Joint Lead Manager on the debut USD 300 million senior Eurobond issuance by Mauritius Commercial Bank

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) swept the stage at the recently concluded Bonds, Loans and ESG Capital Markets Africa Awards 2024 ceremony, taking home six of the awards handed out at the event held in South Africa. Delivered on the sidelines of the conference on 6 March, the awards recognised…

Source: European Union External Action |

Four new reports released on Open Internet approaches in Africa

New European Union (EU)-funded reports were released highlighting Open Internet Approaches in four African countries : Burundi, Kenya, Senegal and South Africa

By looking at case studies in Burundi, Kenya, Senegal and South Africa, the four reports unpack Open Internet connectivity as a promoter of human-centric development. They also shed light on the crucial role of a free, global, reliable, affordable and secure internet in driving social and economic growth in line with the United Nations Sustainable…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Mission to Sierra Leone

The discussions continued during the Spring Meetings of the IMF and the World Bank Group in Washington, DC

An IMF team and the Sierra Leonean authorities held discussions on a new arrangement under the Extended Credit Facility; They made substantial progress towards understandings on the authorities’ development objectives and the reforms needed to achieve macroeconomic stability and maintain debt sustainability; Discussions will continue over the coming months. Continued…

Economic Community of West African States (ECOWAS)
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    • Cultural Development: Economic Community of West African States (ECOWAS) gives prizes to young Artists at the closing of the 13th Edition of Marché des Arts du Spectacle d’Abidjan (MASA)
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Source: Economic Community of West African States (ECOWAS) |

Cultural Development: Economic Community of West African States (ECOWAS) gives prizes to young Artists at the closing of the 13th Edition of Marché des Arts du Spectacle d’Abidjan (MASA)

The ECOWAS Prizes of USD 3000 and USD 2000 respectively is to support and encourage the artistic creativity of the youths and promote integration

The Economic Community of West African States (ECOWAS) presents prizes to the best young comedian and the best young slam poet in West Africa at the closing ceremony of the 13th Edition of the Marché des Arts du Spectacle d’Abidjan (MASA) 2024 (the Abidjan Performing Arts Market in Abidjan, Côte d’Ivoire on…