BUSINESS

A new report reveals signs of rebound in Ghana’s economy, but shows that COVID-19 and the Ukraine-Russia crisis will test its resilience and inclusivity. The report, Transforming Ghana, reviews the country’s development over the past ten years (2012–2021) and evaluates the African Development Bank’s contribution through its High 5 strategic priorities——— Ghana has enjoyed two decades of steady growth, but …

As the voice of the African energy sector, the African Energy Chamber strongly advocates for German-Africa partnerships, recognizing the role Germany will play in advancing energy security across the continent

Google is calling for applications for the second cohort of its Google for Startup Black Founders Fund for Africa. Following the success of the first cohort last year, Google will increase its commitment with an additional $1m in funding, and support for 10 more founders this year. This will result in a commitment of $4m to 60 eligible Black-founded startups …

Initiative to benefit 20 million African farmers, who will receive certified seed and technology to rapidly produce 38 million tons of food——— ABIDJAN, Ivory Coast, May 20, 2022/ — The African Development Bank Group’s Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. With the disruption of food supplies arising …

German investments in Africa stabilised in 2020 and 2021 after reaching a record high before the outbreak of the coronavirus pandemic in February 2020. This was revealed by the Afrika-Verein der deutschen Wirtschaft e.V., an association of German companies active in Africa, in a press statement on Chancellor Olaf Scholz’s visit to Senegal, Niger and South Africa. The investment stock …

Egypt’s Minister for International Cooperation, Dr Rania Al-Mashat has announced that Egypt will host the 8th edition of the Africa Women Innovation and Entrepreneurship Forum (AWIEF) conference and awards on 26 – 27 September in Cairo. The minister made the announcement on Tuesday, 10 May 2022 at a joint press conference held by the International Cooperation Ministry, AWIEF and the Egyptian Businessmen’s …

An international law firm is promoting Cameroon as a country offering very lucrative investment opportunities. Centurion Law Group has announced the publication of its Cameroon Africa investment Guide, showcasing a land of “a diverse population of young and old contributing to their investment opportunities and business environment”. “With one of the most urbanized populations in Western Africa, Cameroon shares a …

We are of the conviction that everyone is needed to attain the ambitious SDGs. And that the creativity, know-how, contacts and financial resources of the diaspora are necessary to achieve the SDGs in every context

ANNOUNCEMENT The extraordinary seminar programme offered by the State of Berlin on the topic of start-ups and self-employment for people with a migration background interested in starting a business begins a new round in May! For exactly 20 years, the state of Berlin has been strengthening and honouring the economic growth and cultural diversity of Berlin’s start-ups and has been running the …

The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This fourth round of financing of $54.8 million will benefit almost …

ABIDJAN, Ivory Coast, April 25, 2022/ — The President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, concluded a three-day official visit to Washington DC on Saturday. Alongside the Spring Meetings of the International Monetary Fund and World Bank, the visit included several bilateral engagements with stakeholders on African development. Adesina garnered broad strong support for a robust …

Google’s subsea cable, Equiano, has landed in Lagos, Nigeria. The cable, named after Olaudah Equiano, Nigerian-born writer and abolitionist who was enslaved as a boy, connects Africa with Europe. It runs from Portugal along Africa’s west coast and will reach South Africa, with branching units along the way that can be used to extend connectivity to additional African countries. The …

"Look at Mozambique, it can go from zero to the third largest gas producer in the world. Senegal, with 150 trillion cubic feet of gas around there. Why bank our futures on technologies that are not proven and do not exist?"

Angola aims to increase energy generated from renewable sources and attract greater FDI from the EU and international financial institutions, writes Verner Ayukegba, Senior Vice-President of the African Energy Chamber——— The Angolan government has reiterated its commitment to expanding the share of renewables in the country’s energy mix, with targets set to increase the utilization of renewable energy sources to …

PRESS RELEASE: With over 600 million people without access to electricity, Africa cannot and should not leave its oil and gas resources in the ground says the African Energy Chamber ——- While Western nations are calling for the abrupt end to fossil fuel utilization in Africa, countries such as the UK and Norway continue to hold licensing rounds intended to …

“Receiving the highest recognition on the continent from an authoritative institution such as Global Finance is a great honour and an affirmation of the hard work that each of our colleagues across the continent contributes daily”

Launched in 2014, the Choiseul 100 Africa is an annual study conducted independently by the Institut Choiseul that identifies and ranks the 100 young African leaders aged 40 and below who are playing or expected to play an important role in Africa’s development

The cost of fuel has risen sharply, with the price of crude oil hitting a 14-year high in recent weeks, sparking concerns around the world as countries worry about their ability to meet their energy needs. What about Africa? Experts ponder on the way forward for the continent JOHANNESBURG, South Africa, March 31, 2022/ — Energy experts say the growing …

ABH annually awards 10 outstanding entrepreneurs from across Africa with a share of a US$1.5 million grant

Black founders in Europe disproportionately lack access to the networks and capital needed to grow their businesses. In 2020, with less than 0.5% of venture capital (VC) funding going to Black-led startups