The inauguration and first peer learning event took place in Addis Ababa under the theme: Developing and Deepening Domestic Debt Markets in Africa The African Development Bank’s, African Development Institute on Thursday launched the African Debt Managers Initiative Network…
African Development Bank Group, Ethiopia launch $94 million project to boost Climate Resilient Wheat Value Chain Development in Ethiopia
The financing will support 500,000 smallholder farmer households in the Ethiopian states of Afar, Amhara, Oromia, and Somali, to increase wheat productivity from three to four tons per hectare The African Development Bank Group and the government of Ethiopia,…
African Development Bank Appoints Dr. Léandre Bassole as Deputy Director General for East African Region
The Bank’s engagement in Guinea increased from $240 million in 2017 to $728 million in 2023 The African Development Bank has appointed Dr. Léandre Bassole, a seasoned economic development specialist, as Deputy Director General for the East African Region, effective…
Republic of Congo Participates in Historic Organization of the Petroleum Exporting Countries (OPEC) Meeting, Production Cuts Extended into 2025
The African Energy Chamber commends OPEC and its allies for extending oil production cuts into 2025 amid efforts to stabilize the market The Republic of Congo’s Minister of Hydrocarbons Bruno Jean-Richard Itoua participated in two historic OPEC meetings on…
The Africa Petroleum Producers’ Organisation (APPO) and Afreximbank Sign the Establishment Agreement of the Africa Energy Bank (AEB), Declaring it Open for Signature by Prospective Member States
The AEB has been structured as an independent and supranational pan-African energy development bank with an initial USD 5 Billion capital The African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have announced the historic signing of…
NDDC Calls on Debts: Over $700m owed by IOCs
The Niger Delta Development Commission (NDDC) have urged International Oil Companies (IOCs) to pay the staggering debt of 700 million dollars that they owe the commission. The Managing Director of the commission, Dr Samuel Ogbuku made the appeal during a…
Energy Investments are Propelling an African Natural Gas Revolution in Angola
By NJ Ayuk Africa is witnessing a natural gas drive in Angola that is set to revolutionize the continents natural gas industry. From exploration to production to exports, the Angolan oil and natural gas industry is bustling with new…
Harnessing GIS and Emerging Spatial Technologies for Carbon Credit Development in Africa
By Christopher Burke Africa holds immense potential to contribute to global efforts mitigating carbon emissions based on the continent’s vast natural resources, biodiversity and rapidly growing economies. Unlocking this potential requires innovative approaches that leverage cutting-edge technologies such as…
Kenyan Farmers Get Fertilizer Boost with $2 million Africa Fertilizer Financing Mechanism Credit Guarantee
The Mechanism will provide a $2 million partial trade credit guarantee and a grant of $219,000 to Apollo Agriculture Limited, a Kenyan corporation, to facilitate the company’s fertilizer sales. In a significant step to advance food security in Kenya, the…
Afreximbank and FCI’s regional factoring conference in Zimbabwe attracts over 200 participants
Co-organised in collaboration with FCI, the global body for factoring, the conference provided a platform for in-depth discussions and strategic initiatives to promote and enhance factoring within the Southern Africa region In its ongoing commitment to establish factoring as…
