Special

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 …

The free mobile app, Trace Academia, will feature course content and features developed by Trace and a coalition of leading corporations and organizations such as Google, L’Oréal Foundation, AFD, UNESCO, Orange, Canal +, SACEM, Visa, Schneider Electric, Durex, Leroy Merlin, Bureau Veritas, Ford Foundation, Afreximbank, Accor-Kasada, The Minister of Finance of France, the African Union, the University of Johannesburg, Senghor …

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?"

The World Economic Forum today unveils the world’s most promising 109 Young Global Leaders under the age of 40, involved in activities from advocating for the rights of refugees to the advancement of innovation to combat COVID-19Among the 42 countries represented, 12 leaders hail from Africa and their work brings the promise of a brighter outlook at a difficult timeThey …

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

Kenya’s constitution guarantees free public education for children and has made great strides to make that happen over the past decade. “However, persistent historical barriers, such as poverty and distance to school, continue to prevent many children from accessing the teaching and education they deserve. For years, this has stumped education policymakers,” says Andrew Zerzan, Deputy Regional Director and Director …

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

Fully vaccinated travellers arriving in Nigeria will no longer be required to take a pre-departure PCR COVID-19 test, the Chairman of the Presidential Steering Committee (PSC) on COVID-19, Boss Mustapha, announced on Monday. Mustapha, who is also the Secretary to the Federal Government, made the comment during a press briefing of the PSC in Abuja at which he announced a …

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

ROTTERDAM, Netherlands, March 16, 2022/ — The 37,000-gt Global Mercy was welcomed in Rotterdam, Netherlands over the last two weeks as the ship opened its doors to the public and global dignitaries for tours before it will begin active service in May in Dakar, Senegal – the first of many missions in the next 50 years on the African continent. …

Currently, Russia supplies about a third of Europe’s crude oil imports and nearly half of its natural gas, some 150 to 190 billion cubic meters of gas per year. With concerted effort, Africa can help Europe overcome its dependence on Russian gas, argues NJ Ayuk, Executive Chairman, African Energy Chamber

Orange and the German Development Cooperation inaugurate in Madagascar the 9th Orange Digital Center in Africa and the Middle East, to train young people in digital technology and enhance their employability. The goal is to fulfil their shared vision, fostering youth employability while supporting sustainable growth and the country’s digital transformation —— Orange, one of the world’s leading telecommunications operators, …

AfricaTech Awards to spotlight the next generation of African innovators by recognizing cutting-edge solutions in the climate tech, health tech and fintech sectors — PARIS, France, 8 March 2022 -/African Media Agency (AMA)/- Viva Technology and the International Finance Corporation (IFC) today announced a call for applications for the first edition of the AfricaTech Awards, a pan-African initiative developed to …

Microsoft has announced new initiatives to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s startup ecosystem over the next five years. The company’s recently launched global Founders Hub will now be available to African startups through the Africa Transformation Office (ATO). The Founders Hub is a self-service hub that provides startups with a wide range of …