Kenya: African Development Bank Group Board Okays Funds To Support Women And Youth In Agribusiness
The funding, approved on June 6, 2023, was provided by the European Union (EU) under its partnership with the African Development Bank Group The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth […]
From Generative AI To Sustainable Aviation Fuel: The Top 10 Emerging Technologies Of 2023
•New World Economic Forum report reveals the technologies poised to most impact the world in the next three to five years • Wearable plant sensors, sustainable aviation fuel and generative AI are among the list • Report assesses how each technology will impact people, planet, prosperity, industry and equity • Read the report here, watch […]
Mutually Beneficial Relationship With China Offers Increasing Opportunities For Africa
Standard Bank’s relationship with the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, facilitated trade deals worth USD 600 million in 2022. The relationship between ICBC has broadened since the Chinese bank bought an interest in Standard Bank about 15 years ago. It has evolved into the world’s largest Africa/China trade and […]
African Practitioners Set Common Ground For Their Restoration Projects
At the GLFx Africa Chapter Summit, restoration practitioners, community leaders and scientists from nine African countries discussed challenges, priorities and the help they need to head in the right direction Environmental scientists, leaders and practitioners convened from across Africa in Nairobi, Kenya, for the inaugural GLFx Africa Chapter Summit to interlace their landscape restoration experiences, […]
Key Highlights on the Central African Republic Economic Update: Focus on Fuel Subsidies
© World Bank Office, Bangui. STORY HIGHLIGHTS The Central African Republic’s (CAR) economy experienced a standstill in 2022 due to floods and fuel shortages. The country faced high inflationary pressures and acute levels of food insecurity, with nearly half the population affected. Removing fuel subsidies, excluding kerosene, would have a limited one-time effect on prices […]
Bybit Granted MVP License from Dubai’s Virtual Assets Regulatory Authority
DUBAI, UNITED ARAB EMIRATES, 27 June 2023 -/African Media Agency(AMA)/- Bybit FinTech FZE, a subsidiary of Bybit, a global leading crypto exchange, announced today that it has been granted the Minimum Viable Product (MVP) Preparatory License by Dubai’s Virtual Assets Regulatory Authority (VARA), following the Provisional License it received in March 2022. The Preparatory License does not yet […]
Close Inequalities To End AIDS & Prepare For Future Pandemics
By Winnie Byanyima and Sir Michael Marmot The COVID-19 crisis has shone a light on the danger of pandemics; social crises have shone a light on the danger of inequalities. And the reality is that outbreaks become the pandemics they do because of inequality. The good news is that both can be overcome – if they are confronted […]
Development Charity Accuses Private Hospitals in Nigeria and Kenya of Denying Patient Care
Private hospitals in India and Kenya accused of refusing people on low incomes vital healthcare, or holding them hostage until bills have been paid, benefit from UK government investment funds, according to a report by Oxfam. The Sick Development report is a critique of the millions of pounds taken from the UK aid budget and […]
Africa’s Growth has Downshifted Since 2010 after a Promising Opening to the Millennium
Africa entered the 21st century with a promising burst of economic growth that persisted for a decade before returning to the slow pace it experienced in the 1990s. From 2000 to 2010, real GDP grew at an average rate of 5.1 percent annually, up from an annual average of only 2.5 percent in the previous […]
Conditions are Ripe to Advance the Idea of Establishing an African Credit Rating Agency
The credit rating industry in Africa is dominated by the three international agencies: Moody’s, S&P and Fitch. Together they control an estimated 95% of the credit rating business globally. South Africa was the first African country to receive a sovereign rating, in 1994. To date, 32 African countries have received a sovereign rating from at […]
