Month: December 2023

Against the backdrop of continuing conflict and political upheavals South Sudan, the world’s newest nation, is approaching its first post-independence elections in December 2024. For its long-delayed democratic transition to be successful, youth participation in reducing violence is essential. To capture the power of young people as social transformers, the United Nations Mission in South Sudan (UNMISS), through its Civil Affairs Division, recently hosted an interactive workshop on youth, peace, […]

The President of the ECOWAS Commission, His Excellency Dr Omar Alieu Touray, received His Excellency Moustapha Traore, Ambassador and Permanent Representative of Mali to ECOWAS, in his office in Abuja, Nigeria on December 12, 2023. The meeting specifically focused on the defiance exhibited by the transition authorities of Mali towards ECOWAS during the execution of critical regional initiatives. Indicating ECOWAS’ dedication to dialogue while expressing apprehensions regarding collaboration and adherence […]

The Burundian Minister of Public Health and AIDS Prevention and the African Development Bank’s (www.AfDB.org) office in Burundi met in Bujumbura on 27 October with managers of health infrastructure and sectoral partners in the country to work on the Bank Group’s Strategy for Quality Health Infrastructure in Africa 2020-2030. “The African Development Bank Group’s Strategy for Quality Health Infrastructure in Africa 2020-2030 aims to develop the infrastructure needed for high-quality […]

Smart Accessories Giant, oraimo recently teamed up with Afrobeat star&Grammy Award Winner; Burna Boy, to launch the most sophisticated earbuds in the history of true wireless audio, ‘’the oraimo SpacePods’’ Moonlight edition. This time, oraimo took the innovation ‘’out of this world’’. In what fans have described as an unparalleled auditory device with a cosmic symphony of space-bound rhythm. The upgrade of the oraimo FreePods series is embellished with cutting-edge audio components, a […]

The African Union is convening a consultative forum to assess the implementation of the African Union Financial Institutions (AUFIs). The meeting scheduled for 13- 15 December 2023 in Lusaka, Zambia will gather participants from the Ministries of Finance, Central Banks, African Union Organs and Specialised Agencies, Regional Economic Communities, Association of African Central Banks, African Securities Exchanges Association, and development partners will look into the economic and political challenges impeding the Member […]

By Margaret Soi, Head of Offshore Banking - Mass Affluent Offshore The purchasing power of Africa’s middle class is expected to grow significantly in the coming years: the continent’s middle class is expected to spend US$2.1 trillion by 2025 and US$2.5 trillion by 2030, thus creating a further upward momentum in the demand for goods and services. In sub-Saharan Africa alone (excluding South Africa), a 2018 estimate reported over 100 […]

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved various financing structures valued at $696.41 million for Burundi and Tanzania to start Phase II of the Joint Tanzania-Burundi-DR Congo Standard Gauge Railway (SGR) Project. The Bank Group's financing is intended to construct 651 kilometers on the Tanzania-Burundi railway line. The work will consist of the development of a single electrified standard gauge track. This will be […]

Václav Bartuška, Special Envoy for Energy Security at the Ministry of Foreign Affairs of the Czech Republic, will speak at the Libya Energy&Economic Summit (LEES) taking place in Tripoli next month – showcasing European interest in Libya’s energy reserves. While energy production in the Czech Republic primarily comes from nuclear and conventional coal-fired power plants, the rising cost of carbon credits and stricter regulations from the European Union have effectively […]

The African Development Bank Group (www.AfDB.org) and the West African Development Bank (BOAD) signed an agreement on granting a EUR 70 million line of credit to strengthen BOAD’s support to the private sector in the West African Economic and Monetary Union (WAEMU), which comprises eight countries in the West African franc zone. The agreement was signed in Lomé on 8 December 2023, after it was approved by the Bank Group’s […]