The World Bank plans to invest over US$5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti.
World Bank Group President David Malpass announced the investment at the...
The African Development Bank said on Tuesday it could consider an additional $400 million for Nigeria to support its growth and recovery efforts and was in talks with the government on how to help it reinvigorate Africa’s largest economy.
The bank had been in talks with Nigeria for around a...
Tanzania’s President John Magufuli called on international creditors last week Wednesday to cancel debts owed by African nations to enable them use the savings to battle the coronavirus.
Tanzania has so far reported 284 confirmed cases of COVID-19, the disease caused by the new coronavirus. Authorities have been urging people...
A leading research and public policy think-tank is calling on the African Union to defer the July 1st date for commencement of trading under the African Continental Free Trade Area (AfCFTA).
“In light of the global pandemic and what is happening across the world and the continent, it is no...
ECOWAS Bank for Investment and Development, EBID, the regional development bank for the ECOWAS sub-region (Economic Community of West African States), and ODDO BHF AG, the Franco-German financial services group with a longstanding track record and expertise in ECA financing, have signed a framework agreement.
Dr. George Donkor, President of...
Inflation in Sudan rose to 55.6 percent in March year-on-year from 54.34 percent in February, the state statistics agency said on Thursday, amid rising food prices that have kindled unrest and a hard currency shortage that has crimped imports.
Prices have risen since the pound plummeted to record lows on...
Ghanaian-born African Human Development Expert Dr. Ishmael Nii Amanor Dodoo has said that anyone who has the desire to play any leadership role in the transformation of Africa must first transform themselves.
“Growing up in Africa and working across the continent throughout my career, I have come to the conclusion...
I wholeheartedly congratulate the Africa Day of all our African friends. The unprecedented conditions caused by the COVID-19 pandemic all over the world render the solidarity symbolised by Africa Day even more significant this year.
The progress achieved in recent years by Africa in many fields and our developing partnership...