Month: December 2024

 The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $150 million senior loan to Mauritanian state-owned iron ore firm Société Nationale Industrielle et Minière (SNIM) to increase its logistics capacity and strengthen the country’s mining sector.  The approval, granted on November 29, is part of SNIM’s $467 million logistics expansion program, which aims to double the transport capacity of its iron ore railway by 2030.  […]

 The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region. The catalytic investment, to be sourced from the Bank-managed Sustainable Energy Fund for Africa will leverage additional capital from local and […]

 Mike Sangster, Senior Vice President Africa at TotalEnergies E&P, has been confirmed as a speaker at the inaugural Congo Energy&Investment Forum (CEIF), set to take place on March 25-26, 2025 in Brazzaville. Representing one of the world’s largest integrated energy companies, Sangster will highlight TotalEnergies’ ongoing efforts to drive sustainable energy growth in the Republic of Congo and across the continent. Sangster is expected to delve into TotalEnergies’ strategic investments, […]

 In significant efforts to strengthen public health and improve vaccine access in Africa, the U.S. International Development Finance Corporation, the African Development Bank (www.AfDB.org), and the International Finance Corporation (IFC) have jointly announced a $45 million financing package for VaxSen, a subsidiary of Senegal’s Institut Pasteur de Dakar (IPD). The financing agreement, signed on December 13, 2024, in the presence of Senegalese President Bassirou Diomaye Faye in Dakar, underscores Senegal's […]

 The African Academy of Sciences (AAS) 15th Bi-Annual General Assembly and Scientific Conference opened with powerful calls for African scientific sovereignty and renewed investment in the continent's research capabilities. The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy. The 15th Bi-annual General Assembly and Scientific Conference was held in Abuja, Nigeria, from December 9–12, 2024. In opening remarks, Professor Kevin […]