Twenty promising youth entrepreneurs from African technology ventures and enterprise support organizations have embarked on a two-week study tour of the Republic of Korea, seeking investment and insights from the country’s innovative tech ecosystem. The African Development Bank Group’s (www.AfDB.org) Innovation and Entrepreneurship Lab selected these young entrepreneurs from 133 ventures that participated in last month’s Africa Tech Startup Forum.   Held under the auspices of the Lab’s Leveraging the Entrepreneurial […]

 Kenyan peacekeepers serving with the African Union Transition Mission in Somalia (ATMIS) celebrated their country’s 61st independence anniversary in a vibrant ceremony in Mogadishu on Thursday. Kenya gained independence from the British on 12 December 1963. The ceremony was attended by high-ranking officials, including the Special Representative of the Chairperson of the African Union Commission (SRCC) for Somalia, Ambassador Mohamed El-Amine Souef; Somalia’s State Minister in the Office of the […]

  Collaboration aims to develop a significantly lighter battery pack with the same usable energy, enabling greater range, improved handling and enhanced performance Technology has the potential to improve fast-charging speed by up to 50%, making EV ownership even more convenient Batteries are expected to cost less than half the price per kWh of current lithium-ion batteries Agreement includes both pre-production development and planning for future production by 2030 Stellantis […]

 The President of the Republic of Liberia, His Excellency Joseph Nyuma Boakai, Sr., has issued a proclamation to extend the first regular session of the 55th National Legislature for a period of fifteen (15) working days commencing Friday, December 13, 2024 and ending Monday, January 6, 2025 to discuss and act upon critical national issues amongst which is the National Budget of the Republic of Liberia. According to a Foreign Ministry release, […]

 The government will modernise the National Police Service at a cost of KSh28 billlion over the next two years, President William Ruto has said. The ambitious modernisation programme will include new equipment and weapons, digitisation of police operations as well as constructing new housing units for police officers. “I want to commit that I intend to see the process of modernisation to completion in the next two years so that […]

 The African Development Bank’s (www.AfDB.org) Board of Directors has approved a $30 million equity investment in Africa Finance Corporation (AFC) for the rollout of innovative "green shares” aimed at mobilising resources for climate action projects across Africa. The innovative financial instruments are expected to unlock significant funding for high-impact projects, including wind and solar power plants in Djibouti and Egypt and energy storage systems in Cabo Verde. AFC will leverage […]

 The HSE University BRICS Competition Law and Policy Centre (www.BRICSCompetition.org) has summarised the first results of its annual analytical study on bringing biotechnological drugs to the BRICS market. One of the conclusions of the report was the need to conduct a large-scale sectoral study on the removal of barriers in the pharmaceutical industry in the BRICS region. As a first step, it is proposed to focus on a relatively narrow […]

 The Board of Directors of the African Development Bank Group (www.AfDB.org) this week approved two loans to Cameroon designed to radically improve transport links with neighbouring Chad with major economic benefits to both countries. The funds, EUR 318.24 million and EUR 12.24 million, are for the implementation of the fourth phase of the Transport Sector Support Program – Reconstruction of the Douala-N'Djamena Economic Corridor-Ngaoundéré-Garoua Section (PAST 4). The larger loan […]

 In a landmark event set for 2025, African government leaders, industry stakeholders, and key figures in the mining sector will gather for the Ministerial Symposium, a critical platform aimed at advancing collaboration, addressing challenges, and fostering sustainable growth in Africa’s mining industry. This gathering reaffirms the continent’s commitment to transforming its rich mineral resources into avenues for economic resilience and development. The Ministerial Symposium has transformed into the ‘Official Meeting […]