Source: African Development Bank Group (AfDB) |

African Union holds global conference to accelerate African vaccine development and manufacturing capacity

The meeting was attended by several African heads of state, health, finance and trade ministers from across the continent

African leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscored the need to increase local production of vaccines and therapeutics to achieve greater public-health security. “The production of vaccines and access to vaccines is an absolute priority,” Cyril Ramaphosa, President of…

REVOLVE Circular
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    • According to circular principles, repairing is one of the key action imperatives. Many products, however, are nowadays designed in a way that they cannot be repaired. The circular economy claims that this needs to change, via ‘circular design’. Photo by insung yoon on Unsplash
    • The circular economy is about systemic change and invites us to rethink what we are used to. One of the necessary changes in terms of mindsets is a different world view – where waste is a resource, and where exiosting processes need to be switched around and turned upside down. Photo by Brett Zeck on Unsplash
    • The circular economy is often confused and misperceived as more recycling; it is only one of several circular actions and is often referred to as “the last resort”. True circularity aims to “design out waste”. Photo by Sigmund on Unsplash
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Source: REVOLVE Circular |

#ImagineCircularity: the circular transformation will not be live-streamed

To better understand how people around the globe perceive a transformation from a linear take-make-waste economy to a circular refuse-reduce-rethink society, REVOLVE Circular and the Copernicus Institute of Sustainable Development at the Utrecht University will launch #ImagineCircularity on 19 April 2021

Systemic change in terms of the way we produce, consume and treat the environment needs to happen live – in our brains, corporate board rooms, and parliaments. In order to better understand how people around the globe perceive a transformation from a linear take-make-waste economy to a circular refuse-reduce-rethink society,…

African Energy Chamber
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    • African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal (1)
    • African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal (2)
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Source: African Energy Chamber |

African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

A recent uptick in direct investment activities in Africa’s energy sector sheds light on the role of sustained investor interest in catalyzing socio-economic growth

In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows…

International Islamic Trade Finance Corporation (ITFC)
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    • Eng. Hani Salem Sonbol, CEO of ITFC and H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor)
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Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC and the Republic of Cameroon Sign a US$750 Million Three-year Framework Agreement to Support Cameroon’s Key Sectors through Integrated Trade Solutions

A EUR 98 Million Murabaha financing agreement with SODECOTON was also signed to facilitate the purchase of agricultural inputs and cotton seeds

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank Group (IsDB) and the Republic of Cameroon have signed on April 12, 2021 two agreements in a virtual signing ceremony between H.E. Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development (IsDB Governor) and…

Source: African Development Bank Group (AfDB) |

African Development Bank’s first virtual business opportunities seminar of 2021, draws 450 global partners and suppliers

Delegates were informed about the Bank’s strategy for supporting economic growth, its priority areas, rules and procedures for project and corporate procurement

The African Development Bank (www.AfDB.org) hosted its first virtual business opportunities seminar (BOS) of 2021 on 6 and 7 April. The BOS seminars offer a one-stop shop for companies, civil contractors, manufacturers, consultants, and suppliers from the Bank Group’s regional and non-regional members seeking to provide goods and services to…

African Energy Chamber
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    • Fostering Financial Inclusion for Senegalese Local Companies in the Energy Sector
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Source: African Energy Chamber |

Fostering Financial Inclusion for Senegalese Local Companies in the Energy Sector

The country has placed a major focus on developing in-country financing capabilities necessary for training, up-skilling and engaging local companies and individuals

Since the discovery of major hydrocarbon reserves between 2014 and 2017, Senegal has been a strong advocate for positioning local content and capacity building as the key to unlocking industry growth. While Senegal does have existing local content requirements under its New Petroleum Code (Law No. 01/2019), the emerging petroleum…

African Energy Chamber
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    • Powerships: A solution for Africa’s energy short-term supply?
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Source: African Energy Chamber |

Powerships: A solution for Africa’s energy short-term supply?

Power ships have the advantage of providing almost immediate electricity, so they are an excellent option to meet the supply gap in the short term

Energy poverty represents one of the most critical challenges for development in Africa. According to the International Energy Agency, in 2019, the continent had more than 580 million people without electricity access, with that number expected to grow to 660 million people by 2030. Energy poverty is catastrophic not only…

Source: Mr Mokrane SABRI |

Focusing on Africa’s Growth and the potential of the Blue Economy (By Mr Mokrane SABRI)

The African Union has designated the years 2015-2025 as ‘The Decade of African Seas and Oceans’, and in February 2020, it launched the African Blue Economy Strategy

By Mr Mokrane Sabri Africa is a complex continent. She is an eclectic mix of authoritarian regimes — where leaders have been in power for many decades; countries that are attempting to make their way towards democracy — even if progress is incremental and slow; and others that have had…

African Development Bank Group (AfDB)
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    • CORRECTION: African presidents and global leaders support bold action on climate change adaptation for Africa
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Source: African Development Bank Group (AfDB) |

CORRECTION: African presidents and global leaders support bold action on climate change adaptation for Africa

Africa now faces the dual onslaught of climate change – currently estimated at between $7 billion and $15 billion each year – and Covid-19, which has claimed 114,000 lives

In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize actions that help African countries adapt to the impacts of climate change and “build forward better.” Africa now faces the…

African Development Bank Group (AfDB)
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    • African presidents and global leaders support bold action on climate change adaptation for Africa
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    • Global Call to Action
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Source: African Development Bank Group (AfDB) |

African presidents and global leaders support bold action on climate change adaptation for Africa

Africa now faces the dual onslaught of climate change – currently estimated at between $7 billion and $15 billion each year – and Covid-19, which has claimed 114,000 lives

In a historic and united show of solidarity for a continent that contributes only 5% to global emissions, more than 30 heads of state and global leaders committed to prioritize actions that help African countries adapt to the impacts of climate change and “build forward better.” Africa now faces the…