Kenya is hosting the 55th UNAIDS Programme Coordinating Board (PCB) meeting from December 10th to 12th, 2024. This marks the first time in 18 years that the meeting is being held in Africa, with Lusaka having hosted it last in 2006. Africa, being the continent most affected by the HIV epidemic, makes this gathering a pivotal moment for advancing global strategies in combating HIV/AIDS. The meeting, chaired by Principal Secretary for Medical […]

 Ecobank Côte d’Ivoire (www.Ecobank.com), part of the leading pan-African financial services group, has signed a landmark Memorandum of Understanding (MOU) with the International Finance Corporation to roll out the 10,000 Women initiative to enable Ecobank Cote d’Ivoire’s women small and medium-sized enterprises (WSME) clients to build their capacity, transform and grow their businesses. Speaking about the intended impact of this partnership, Paul-Harry Aithnard, Regional Executive UEMOA and Managing Director, Ecobank […]

 The African Development Bank Group (www.AfDB.org) facilitated $2.2 billion in capital mobilization for its transformative Special Agro-Industrial Processing Zones Nigeria Phase II project during the Africa Investment Forum. At a packed presidential boardroom on Wednesday 4th December, governors from Nigerian States, leaders from multilateral development organizations, the diplomatic corps as well as private sector investors expressed support to scaling up financing to Federal and State Governments of Nigeria connected to […]

 The African Energy Chamber (AEC) (www.EnergyChamber.org)– the voice of the African energy sector – extends its warmest congratulations to Ghana’s President John Mahama on his re-election. His victory reflects his leadership, vision and commitment to driving economic growth and advancing Ghana's energy sector.  Under President Mahama’s stewardship, Ghana has achieved remarkable progress in its oil and gas industry. Since the 2007 oil discovery, Ghana’s production has risen to approximately 200,000 […]

 The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna today. These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries. OPEC Fund President Abdulhamid Alkhalifa said: “2024 has been a landmark […]

 In a significant partnership, Yango in Côte d’Ivoire, part of Yango Group, a global technology company that creates daily services, has teamed up with COFINA, a leading mesofinance institution in the country and Yabx (https://Yabx.co/), an embedded finance platform that builds credit profiles for thin/no file customers to introduce a Driver Cash Advance service. This is a digital loan product that will improve access to credit for many individuals and […]

 African Guarantee Fund (AGF) (https://AfricanGuaranteeFund.com) and Nigeria’s Bank of Industry (BOI) have signed a USD 50 Million Loan Portfolio Guarantee framework in a bid to propel Nigeria’s industrial sector by providing financial and business support services to enterprises. The agreement that was signed at the Africa Investment Forum in Rabat is backed by African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative. The transaction will be phased […]

 The African Development Bank Group’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) program is lending its support to a new $50 million financing agreement to provide financial and business support to Nigeria’s women-led enterprises. The African Guarantee Fund and Bank of Industry signed the $50 million loan portfolio guarantee framework at the Africa Investment Forum in Rabat on Thursday 5 December. The transaction will be phased out in […]

 An Eritrean delegation participated in the Economic, Social, and Cultural Rights Workshop held in Hangzhou, Zhejiang Province, China, from 2 to 9 December 2024. During the workshop, Mr. Habtom Zerai, Charge d’Affaires at the Eritrean Embassy and the Permanent Mission of Eritrea to the United Nations, and Mr. Natnael Yebio, from the Ministry of Foreign Affairs, presented papers titled “Challenges and Solutions: Promoting and Protecting Economic, Social, and Cultural Rights” […]