Month: December 2023

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has appointed Yacine Fal as his Special Representative to the Africa Investment Forum, effective December 15, 2023. The Africa Investment Forum was launched in 2018 to leverage the collective resources of its co-founders and reduce the continent’s infrastructure investment gap. Its founding partners are the African Development Bank Group, Africa50, Afreximbank, the Africa Finance Corporation, the Development Bank of Southern Africa, […]

A number of dedicated events and exhibitions took place in Africa this year to spark discussions and inspiration to see the continent rise. Among them were top energy and infrastructure gatherings that confirmed Africa could become the world’s largest energy market. To truly understand the continent’s evolving energy sector, the African Energy Chamber’s State of African Energy 2024 Outlook delves into the realities and possibilities. Africa’s energy sector is growing […]

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org), the knowledge beacon of the IsDB Group, and the Bahrain Institute of Banking and Finance (BIBF), the leading training and development provider in the region, signed a strategic partnership agreement to collaborate for Islamic finance capacity development. The agreement was signed on the sidelines of the AAOIFI-IsDB Islamic Banking and Finance Conference, held in Bahrain on 28-29 November 2023. Representing the BIBF in […]

The IMF Executive Board completed the third review under the 36-month Extended Credit Facility (ECF) arrangement with Cabo Verde, providing the country with access to SDR 4.5 million (about US$6 million), and approved an 18-month arrangement under the Resilience and Sustainability Facility (RSF), in the amount of 100 percent of quota (SDR 23.69 million, about US$31.45 million); Performance under the economic reform program is strong, and the authorities are taking […]

Despite considerable efforts by governments and partners, food insecurity continues to worsen in West and Central Africa with the number of hungry people set to reach a staggering 49.5 million people between June and August 2024 – a four percent increase compared to 2023, according to a regional food security analysis released today. The trend is particularly worrying in coastal countries, where the number of women, men, and children facing […]

African Development Bank Group (http://www.AfDB.org) President Dr. Akinwumi Adesina has appointed Yacine Fal as his Special Representative to the Africa Investment Forum, effective December 15, 2023. The Africa Investment Forum was launched in 2018 to leverage the collective resources of its co-founders and reduce the continent’s infrastructure investment gap. Its founding partners are the African Development Bank Group, Africa50, Afreximbank, the Africa Finance Corporation, the Development Bank of Southern Africa, […]