Staff Writer

 The African Development Bank Group (www.AfDB.org) has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB), renewing a prior agreement originally executed between the two institutions in 2015. The agreement was signed in Washington DC, on the sidelines of the World Bank Group and International Monetary Fund Spring meetings. This is the fourth exposure exchange undertaken by the African Development Bank with other Multilateral Development Banks, […]

 Maria da Graça, who lives in the municipality of Chitato, remembers with sadness one of the most difficult moments in her life. In 2024, her eldest daughter, then four years old, fell ill with measles. "It started with a fever, then the spots appeared. She became very weak. I was afraid I was going to lose her," says Maria, her eyes watering. Although her daughter survived, the disease left deep […]

 To enable African businesses to fully capitalise on the opportunities presented by the African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced a specialized training program designed to equip enterprises with a deep understanding of the agreement’s commercial implications and transformative potential. Scheduled to take place in Abuja, Nigeria, from June 30 to July 2, 2025, the training program is designed to provide businesses with practical […]

 To address Africa's persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme to finance the purchase of refined petroleum products by African and Caribbean oil buyers. As a revolving facility, we expect it to finance about US$10 billion to US$14 […]

 By NJ Ayuk, Executive Chairman, African Energy Chamber (https://EnergyChamber.org/).  The world is watching Namibia. To be more specific, the energy world is watching. This was evident at the recently concluded Namibian Internation Energy Conference.  Ever since oil and gas majors, Rhino Resources, Galp Energia, Shell and TotalEnergies announced massive hydrocarbon discoveries in Namibia’s offshore Orange Basin, interest in additional exploration in the Southern African country has been intense. And so […]

 The Ministry of Planning, Economic Development and International Cooperation issued a report on the activities and participations of H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation and Egypt's Governor at the World Bank, during the Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, USA, 2025. Over the course of a week, the Minister of Planning, Economic Development and International […]

   Proper valuation of natural capital and the ecosystem services it provides, such as carbon sequestration, is a win-win strategy for growing economies— Urama, African Development Bank (www.AfDB.org) We need to make bold decisions and act swiftly to accelerate the measurement of Africa’s green wealth— Suda-Mafudze, African Union Commission. African leaders are advocating for a new approach to measuring the continent's green wealth, emphasizing that current  gross domestic product measures […]

 Today, President Abdel Fattah El-Sisi received President of the Sovereign Council of the Republic of the Sudan, General Abdel-Fattah Al-Burhan, at Cairo International Airport. They headed to Al-Ittihadiya Palace, where an official reception ceremony was held and the national anthems played. Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the two sides held a closed session of talks, followed by an expanded meeting attended by the two countries’ delegations. They […]

 Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading instrumental infrastructure solutions provider, today announced the appointment of Mrs Ireti Samuel-Ogbu as Chair of its Board of Directors. She succeeds Mr. Emeka Emuwa who has completed 12 years of meritorious service to the Corporation. Mrs. Samuel-Ogbu brings a wealth of experience spread over three decades leading and transforming the banking sector in Europe, Middle East, and Africa. Until recently, she led […]