Source: African Development Bank Group (AfDB) |

Tanzania: African Development Bank project tripled incomes of rural producers and traders

With $56.8 million in funding from the African Development Bank, the programme was undertaken in 32 districts with a population of 6.1 million in 1.2 million households

An African Development Bank ( project to enhance market infrastructure, value addition and rural finance (MIVARF) ( in Tanzania produced highly satisfactory results, according to a report released by the project team. The project, rolled out in the country between 2012 and 2017 increased the incomes of rural producers and…

Source: Paxful |

Paxful announces strategic partnership with global cryptocurrency exchange OKEx

The partnership offers more bitcoin payment options for users in developing regions as P2P trade surges in South Africa and Nigeria

Paxful, a leading peer-to-peer bitcoin marketplace ( that aims to bring financial inclusion and access to the underbanked and unbanked in developing countries, has joined forces with OKEx (, one of the world’s largest and most diverse cryptocurrency spot and derivatives exchanges. The strategic partnership will offer several payment methods…

Kenya Rugby Union (KRU)
Source: Kenya Rugby Union (KRU) |

I'm working away from my comfort zone - Vincent Onyala

With the 2019/20 season concluded early due to the COVID19 pandemic that has disrupted sport globally, it was Onyala once again top of Shujaa's tries, having made a total of 13 touchdowns

Vincent Onyala was handed his Kenya Sevens (  debut by Paul Murunga Amunavi ( at the 2018 Cape Town Sevens. He went on to become Shujaa's top try scorer during the 2018/19 World Rugby Sevens (  season with 22 tries. With the 2019/20 season concluded early due to the COVID19 pandemic that has disrupted sport globally, it was…

Source: The World Bank Group |

Coronavirus - Africa: World Bank Provides $425 Million to Support the Provision of Infrastructure Financing in Eastern and Southern Africa

Infrastructure is expected to be a key driver of economic recovery post COVID-19

The World Bank Board of Directors approved today a total amount of $425 million in International Development Association (IDA)* financing to support the provision of infrastructure finance in Eastern and Southern Africa. The Regional Infrastructure Financing Facility project (RIFF) aims to expand long-term finance to private firms in selected infrastructure…

Islamic Development Bank Group (IsDB Group)
Source: Islamic Development Bank Group (IsDB Group) |

Islamic Development Bank Group to respond to COVID-19 with USD 2.3 Billion package and to launch three supportive and robust initiatives in partnership with UAE Ministry of Economy and AIM

A prime goal behind the initiative is to promote and provide a robust platform for the investment and prosperous trade opportunities in Member Countries

A crowd of over 1000+ engaged participants comprising of exceptional entities, seasonal practitioners, Government officials, individual investors, business associations, entrepreneurs, Multilateral and financial institutions, Chairmen, Presidents & CEOs of local/international companies, Chambers of Commerce & Industry and Investment promotion agencies, came together to celebrate in the IsDB Group ( Private…

Source: The Big 5 Digital Festival Africa |

New Digital Festival by the Big 5 to Connect Thousands of Construction Professionals across Africa

On July 21-22, the first ever Big 5 Digital Festival Africa aims to rebuild confidence in the African infrastructure and construction community and define the path to the post-Covid recovery

The global pandemic and restrictions over travel and gatherings are posing unprecedented challenges to businesses, and the building and construction industry is no exception. Technology and event organisers’ experience are bridging the physical gap, providing viable solutions to overcome at least some of today’s pressing issues. On July 21 and…

The Republic of Sierra Leone State House
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Source: The Republic of Sierra Leone State House |

Coronavirus: Sierra Leone’s President Julius Maada Bio commissions Covid-19 Care and Treatment Facilities, recognises Partner Interventions in Healthcare Systems

President Bio further noted that diagnostic testing was central to disease surveillance and could be the basis for reliable data on disease prevalence or disease burdens

His Excellency President Dr Julius Maada Bio has commissioned Covid-19 care and treatment facilities, the pilot distribution of equipment and uniforms to healthcare workers in Bo, southern Sierra Leone, where he also praised the interventions of partner organisations. “Enhancing the capacity of healthcare personnel goes beyond simply recruiting and training…

African Energy Chamber
Source: African Energy Chamber |

European Travel Bans are counter-productive and hurting the Oil & Gas Sector’s ability to support Africa’s Economic Recovery

Restrictions of visa issuance are de facto preventing a lot of projects to move forward and to successfully contribute to the recovery of the continent

The continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil & gas industry’s recovery efforts. Because of its international nature, the oil & gas sector relies on global value-chains and successful cooperation and movement of people, goods and services between…

Source: International Monetary Fund (IMF) |

Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe

The COVID-19 pandemic is expected to cause the economy to contract sharply by 6.5 percent this year

The COVID-19 pandemic is expected to cause a sharp real economic contraction of 6.5 percent in 2020 and raise large health and social needs; Program performance under the Extended Credit Facility (ECF) had a good start, but progress has been hampered by the pandemic and some policy slippages prior to…

Source: African Development Bank Group (AfDB) |

Our journey to electrify the continent: Five years of the New Deal on Energy for Africa (By Dr. Kevin Kariuki)

The NDEA called for a substantial increase in investments to realize the Bank’s High 5 priority to “Light Up and Power Africa”

By Dr. Kevin Kariuki Five years into the African Development Bank’s ( ambitious New Deal on Energy for Africa (NDEA), the Bank’s investments are set to provide electricity access to around 13 million people and deliver about 55,000 km of distribution lines, and 6,700 km of transmission lines, of which…