African Development Bank releases highlights of its Purchasing Power Parities report
ABIDJAN, Côte d’Ivoire, 12 June 2024 -/African Media Agency(AMA)/-The African Development Bank Group has published highlights of its purchasing power parities (PPP) findings for Africa, following the International Comparison Program (ICP)’s release of its 2021 and revised 2017 results on May 30th. The ICP is a worldwide statistical partnership which produces purchasing power parities and comparative […]
“Africa will be the pivotal continent in the world, given its economic prospects”—African Development Bank Group President
Financing is key to unlocking Africa’s development opportunities. Dr Adesina tells Chatham House: “Africa can no longer be ignored.” ABIDJAN, Côte d’Ivoire, 10 June 2024 -/African Media Agency(AMA)/-In a packed auditorium at the renowned Chatham House, African Development Bank President Group Dr Akinwumi Adesina delivered an inspiring address to a diverse audience of diplomats, investors, academics, […]
Digital Future for Africa: African Development Bank and Intel to Train Millions in AI
(L-R) Dr. Bienvenu Agbokponto Soglo, Intel Director of Government Affairs and IGA CTO Liaison, with Ousmane Fall, Acting AfDB Director of Industrial and Trade Development. ABIDJAN, Côte d’Ivoire, 7 June 2024 -/African Media Agency(AMA)/-The African Development Bank and technology giant Intel have formalized their cooperation to transform the African digital ecosystem. The partnership aims to equip […]
Swiss-Belhotel International Expands Presence in MENA Region, Signs Agreement for Swiss-Belresidences Rivan in Cairo, Egypt
CAIRO, Egypt, 5 June 2024 -/African Media Agency(AMA)/- Continuing its expansion in the Middle East and North Africa (MENA) region, Swiss-Belhotel International, announced today the signing of an agreement for Swiss-Belresidences Rivan, an upscale new residential development, located in Cairo, Egypt. The agreement was formalised at the Swiss-Belhotel International’s regional headquarters in Dubai on May 14th and […]
Ghana’s New Ship Repair Dock Project Funding Sealed As Financiers Sign $94 MN Syndicated Loan
ACCRA, Ghana, 4 June Mai 2024 -/African Media Agency(AMA)/-A consortium, including the African Development Bank, has signed an agreement to extend $94 million in senior debt funding to PMD Assetco Limited (PMD) for the construction and operation of a floating dock ship repair facility in Ghana’s western Takoradi port. Other consortium members are the African […]
African Development Bank Group Board of Governors approves $117 billion General Callable Capital Increase
“It is a major demonstration of the faith, of the confidence that our shareholders have in us, in our ability to use our resources well.” Akinwumi Adesina NAIROBI, Kenya, June 3rd, 2024 -/African Media Agency (AMA)/-The Board of Governors of the African Development Bank Group has approved a $117 billion (88.1 billion Units of Account) […]
Caribou Digital Releases Youth in Digital Africa Report to Inform Policy Changes for 400 Million Young Africans
The new research highlights young people’s voices calling for more investment and support for digital infrastructure, skills training, and inclusive policies to unlock youth potential. LONDON, UK, 30 May, 2024 -/African Media Agency(AMA)/- Leading research and advisory firm, Caribou Digital, in partnership with the Mastercard Foundation, has today released a new report on African young people and […]
Opera Mini launches Locked Mode for PIN-protected browsing
OSLO, Norway, 30 May, 2024 -/African Media Agency(AMA)/- Global browser innovator Opera today announced a significant privacy enhancement to Opera Mini with the introduction of Locked Mode, which enables PIN-protected browsing to further boost privacy protections. The move addresses the needs of 94%* of mobile users who have requested increased password protection features, particularly when sharing […]
Burkina Faso: African Development Bank funds two major projects to support agricultural value chains
Officials at the ceremony. Daniel Ndoye, African Development Bank Country Manager for Burkina Faso (foreground in dark suit) with Amadou Dicko, Deputy Minister with responsibility for Livestock Resources, to his left. OUAGADOUGOU, Burkina Faso, 30 May 2024 -/African Media Agency(AMA)/-Burkina Faso and the African Development Bank launched the Burkina Faso component of Project 2 of the […]
Multilateral Finance Institutions win big at African Banker Awards 2024
African Banker Awards 2024 Lifetime Achievement Award Winner: Mr. Aigboje Aig-Imoukhuede, Chairman, Access Holdings and Coronation Group NAIROBI, Kenya, 29 May 2024 /African Media Agency (AMA)/- The most prestigious event in the African banking calendar, the African Banker Awards Gala Ceremony 2024, took place last night at the JW Marriott Hotel in Nairobi, Kenya, on the […]
