Source: African Union (AU) |

Innovation Accelerator to Stimulate Growth for Youth Promoting Democracy and Governance in Africa Concludes

The Accelerator program was tailor-made for the selected Top 20 innovators on the Youth Innovation Challenge on Democracy and Governance in Africa

An Innovation Accelerator for the young African Innovators focused on promoting democracy and governance on the continent, has concluded after an intense program aimed at bridging the gaps in technical skills needed to stimulate growth and expansion of their innovative solutions. The Accelerator program was tailor-made for the selected Top…

Source: African Development Bank Group (AfDB) |

President’s Remarks at the 5th Annual Meeting of the Africa Economic Zones Organization (AEZO) December 3, 2020

The African Development Bank has been very responsive in supporting countries to address the pandemic in Africa

I wish to thank the Africa Economic Zones Organization for inviting me to speak to you at your fifth Annual Meeting. You are meeting at a time of great challenges with the COVID-19 pandemic. The pandemic has claimed too many lives and slowed down global growth, trade and investments. The African…

Source: African Development Bank Group (AfDB) |

Local Currency Financing for Off-Grid Energy Solutions in Africa Limited, Needs Scaling Up - African Development Bank Report

Companies that invest in off-grid renewable energy solutions in Africa grapple with limited access to credit as a result of risk profiling

Although advantageous, local currency financing for off-grid renewables projects and businesses in Africa is still limited, according to a new report released by the African Development Bank (https://www.AfDB.org/). The report, Exploring the Role of Guarantee Products in Supporting Local Currency Financing of Sustainable Off-Grid Energy Projects in Africa, summarized findings…

Source: SouthBridge Group |

SouthBridge Group announces Two Major Transactions in the Republic of Togo

SouthBridge advised the Government of Togo to facilitate a strategic partnership with Olam International Limited and the Arise Special Economic Zone

SouthBridge Group (www.SouthBGroup.com), the official financial advisor of the Togolese government, today announced two transactions with Olam International Limited and its subsidiary Arise Special Economic Zone. SouthBridge Group, an innovative, pan-African financial advisory and investment firm, working with corporates, sovereigns and multinationals across the Continent, concluded two significant transactions in…

Source: African Union (AU) |

African Union Commission set to launch a Multi-Donor Action against Illicit Financial Flows in Africa

To address the existing and emerging gaps, several initiatives are being undertaken to curb the fight against IFFs on the continent

Illicit Financial Flows (IFFs) have been at the centre of discussions in Africa due to their negative impact on development financing, sustainable development and growth. The emergence of the COVID-19 pandemic has exacerbated the fiscal deficit situation in some African countries, equally bringing to the fore, the urgency to address…

Webb Fontaine
Source: Webb Fontaine |

Webb Fontaine announces Important Investments to Open an Artificial Intelligence R&D Centre in Africa

The move aims to answer to an important demand by Governments globally, to implement AI-powered solution for Trade

Webb Fontaine (www.WebbFontaine.com) has announced crucial investments into Africa with plans to open an Artificial Intelligence Research and Development Centre on the continent. The move aims to answer to an important demand by Governments globally, to implement AI-powered solution for Trade. The R&D Centre was announced by Webb Fontaine founder and…

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

African Development Bank Invests in Pioneering SPARK+ Africa Fund to Deliver Clean Cooking Solutions

The Bank’s investment, which will come from its Sustainable Energy Fund for Africa (SEFA), is expected to enable the participation of other interested investors

The African Development Bank’s (https://www.AfDB.org/) Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa. The European Commission will contribute an additional €10 million. The Bank’s investment, which will come from its Sustainable Energy…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

As South Africa reopens, Africa Oil & Power welcomes Investors to Africa’s Energy Event in 2021

As the continent sets its sights on a post-COVID-19 recovery, AOP 2021 will unite industry leaders and stakeholders to usher in a new period of growth

Africa Oil & Power (AOP) (www.AfricaOilAndPower.com) will host the fifth edition of its AOP 2021 Conference & Exhibition (October 5-7) (www.AOP2021.com), serving as the continent’s premier energy investment platform; key event partners include the African Energy Chamber, South Africa’s Department of Mineral Resources and Energy, South Africa Oil & Gas…

Source: African Union (AU) |

African Ministers Stress the Need for Greater Investment to Revitalise Energy Sector and Drive Sustainable Recovery

High-level officials at the virtual Ministerial meeting represented a diverse range of African economies

Ministers from African countries representing nearly three-quarters of the continent’s energy consumption and more than half of its population met with global energy leaders today to consider how to revitalise the African energy sector and enable a sustainable economic recovery after the pandemic. Under the theme of Securing Africa’s Energy Future…

Source: African Development Bank Group (AfDB) |

Put small-scale traders at the heart of efforts to accelerate trade and investment in Africa post COVID-19

The AfCFTA will not in one dramatic swoop alter existing commercial and economic realities on a vast scale, but its implementation could lead the recovery efforts from the COVID-19 crisis – Solomon Quaynor, VP African Development Bank

Industry experts meeting this week for a virtual discussion focused on resetting, retooling and restarting regional integration in Africa in the wake of the COVID-19 pandemic, underscored the importance of putting small scale traders at the heart of any initiatives. The joint webinar, organized on Tuesday by  the African Development…