United Nations Multi Partner Trust Fund trains some 100 Participants on Community Policing, Crime Prevention and Security Initiatives in Tonj
To address recurrent security concerns in the Greater Tonj area, the stabilization pillar under the United Nations Multi-Partner Trust Fund, co-led by the United Nations Mission in South Sudan (UNMISS) and the United Nations Development Programme (UNDP), inducted community leaders, women, and cattle camp youth from various committees on their respective roles and responsibilities towards […]
Czech Republic Signs on for Libya Energy & Economic Summit
Václav Bartuška, Special Envoy for Energy Security at the Ministry of Foreign Affairs of the Czech Republic, will speak at the Libya Energy&Economic Summit (LEES) taking place in Tripoli next month – showcasing European interest in Libya’s energy reserves. While energy production in the Czech Republic primarily comes from nuclear and conventional coal-fired power plants, […]
African Development Bank approves $696.41 million of financing for Burundi and Tanzania to build 650 kilometers of rail infrastructure to develop the Central Corridor network
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved various financing structures valued at $696.41 million for Burundi and Tanzania to start Phase II of the Joint Tanzania-Burundi-DR Congo Standard Gauge Railway (SGR) Project. The Bank Group’s financing is intended to construct 651 kilometers on the Tanzania-Burundi railway line. The work […]
The rise of the mass affluent in Africa and how banks can best respond to their needs (By Margaret Soi)
By Margaret Soi, Head of Offshore Banking – Mass Affluent Offshore The purchasing power of Africa’s middle class is expected to grow significantly in the coming years: the continent’s middle class is expected to spend US$2.1 trillion by 2025 and US$2.5 trillion by 2030, thus creating a further upward momentum in the demand for goods […]
Direct Carrier Billing gains a strong foothold, boosting the region’s official rating
Moving from 2.8 to 2.9, the market exhibits innovation advancements while harboring opportunities for further development in anti-fraud technology; The entry of the Saudi market into the rating boosts the region’s average score; Data shows promising DCB potential for Morocco, South Africa, and Egypt, the top countries in this year’s ranking; Ivory Coast registers the highest growth in […]
Conference of the Parties (COP28): United Kingdom commits £7.4 million additional funding to African Development Bank’s Africa Disaster Risk Financing Programme
The United Kingdom’s Foreign, Commonwealth and Development Office has announced nearly $10 million in additional funding to the African Development Bank’s (www.AfDB.org) programme assisting African countries to strengthen resilience and enhance their response to climate shocks. The financial commitment of £7.4 million ($9.63 million) for the Multi-Donor Trust Fund of the Africa Disaster Risk Financing […]
Tunisia: African Development Bank lends nearly €82 million for wastewater reuse in agriculture, strengthening climate resilience
The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of €81.9 million to Tunisia to implement the Treated Wastewater Quality Improvement Project For Climate Resilience Building (PAQEE-RCC) at a meeting in Abidjan on 6 December. To be implemented over the period 2024-2028, the project will improve the treatment of wastewater […]
African Development Bank signs EUR 70 million financing agreement with West African Development Bank (BOAD) to strengthen support for the private sector in West Africa
The African Development Bank Group (www.AfDB.org) and the West African Development Bank (BOAD) signed an agreement on granting a EUR 70 million line of credit to strengthen BOAD’s support to the private sector in the West African Economic and Monetary Union (WAEMU), which comprises eight countries in the West African franc zone. The agreement was […]
Kontinental Energy Services (KES) Partners with US-Based Gulfstream Services Inc. to Serve African Oil & Gas Markets
Kontinental Energy Services (KES) has partnered with US-based upstream oil and gas corporation Gulfstream Services Inc. (GSI) for the provision of tools and services. The partnership carries the dual aim of strengthening KES’ capacity to support the development of oil and gas across Africa, while facilitating GSI’s global expansion. With activities spanning over 22 countries, […]
Africa Must Set the Timing for its Energy Transition, Whether the World Likes It or Not (By NJ Ayuk)
By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org/) About a year ago, before COP27 began in Egypt, Fiona Harvey and Matthew Taylor wrote in an opinion piece for The Guardian that it was time for gas exploration in Africa to stop. “Africa must embrace renewable energy, and forgo exploration of its potentially lucrative gas […]
