BUSINESS

African Development Bank approves $1.5 billion for farmers to avert food crisis

Initiative to benefit 20 million African farmers, who will receive certified seed and technology to rapidly produce 38 million tons of food——— ABIDJAN, Ivory Coast, May 20, 2022/ — The African Development Bank Group’s Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. With the disruption of food supplies arising …

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Investment by German companies in Africa stable despite coronavirus pandemic

German investments in Africa stabilised in 2020 and 2021 after reaching a record high before the outbreak of the coronavirus pandemic in February 2020. This was revealed by the Afrika-Verein der deutschen Wirtschaft e.V., an association of German companies active in Africa, in a press statement on Chancellor Olaf Scholz’s visit to Senegal, Niger and South Africa. The investment stock …

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Egypt to host 8th Edition of Africa Women Innovation and Entrepreneurship Forum

Egypt’s Minister for International Cooperation, Dr Rania Al-Mashat has announced that Egypt will host the 8th edition of the Africa Women Innovation and Entrepreneurship Forum (AWIEF) conference and awards on 26 – 27 September in Cairo. The minister made the announcement on Tuesday, 10 May 2022 at a joint press conference held by the International Cooperation Ministry, AWIEF and the Egyptian Businessmen’s …

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Showcasing Cameroon as an attractive investment destination of choice

An international law firm is promoting Cameroon as a country offering very lucrative investment opportunities. Centurion Law Group has announced the publication of its Cameroon Africa investment Guide, showcasing a land of “a diverse population of young and old contributing to their investment opportunities and business environment”. “With one of the most urbanized populations in Western Africa, Cameroon shares a …

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Berlin holds seminars on self-employment for people with migrant background

ANNOUNCEMENT The extraordinary seminar programme offered by the State of Berlin on the topic of start-ups and self-employment for people with a migration background interested in starting a business begins a new round in May! For exactly 20 years, the state of Berlin has been strengthening and honouring the economic growth and cultural diversity of Berlin’s start-ups and has been running the …

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$15 million fund for African women entrepreneurs launched

The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This fourth round of financing of $54.8 million will benefit almost …

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AfDB chief garners strong global support for Africa

ABIDJAN, Ivory Coast, April 25, 2022/ — The President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, concluded a three-day official visit to Washington DC on Saturday. Alongside the Spring Meetings of the International Monetary Fund and World Bank, the visit included several bilateral engagements with stakeholders on African development. Adesina garnered broad strong support for a robust …

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Nigeria hopes for improved Internet as Google’s subsea cable arrives

Google’s subsea cable, Equiano, has landed in Lagos, Nigeria. The cable, named after Olaudah Equiano, Nigerian-born writer and abolitionist who was enslaved as a boy, connects Africa with Europe. It runs from Portugal along Africa’s west coast and will reach South Africa, with branching units along the way that can be used to extend connectivity to additional African countries. The …

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Angola Targets 60% Electrification by 2025 driven by Renewables

Angola aims to increase energy generated from renewable sources and attract greater FDI from the EU and international financial institutions, writes Verner Ayukegba, Senior Vice-President of the African Energy Chamber——— The Angolan government has reiterated its commitment to expanding the share of renewables in the country’s energy mix, with targets set to increase the utilization of renewable energy sources to …

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Europe should Decarbonize while Africa Industrializes

PRESS RELEASE: With over 600 million people without access to electricity, Africa cannot and should not leave its oil and gas resources in the ground says the African Energy Chamber ——- While Western nations are calling for the abrupt end to fossil fuel utilization in Africa, countries such as the UK and Norway continue to hold licensing rounds intended to …

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What the Global Oil Crisis means for Africa

The cost of fuel has risen sharply, with the price of crude oil hitting a 14-year high in recent weeks, sparking concerns around the world as countries worry about their ability to meet their energy needs. What about Africa? Experts ponder on the way forward for the continent JOHANNESBURG, South Africa, March 31, 2022/ — Energy experts say the growing …

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1st AfricaTech Awards opens call for applications 

AfricaTech Awards to spotlight the next generation of African innovators by recognizing cutting-edge solutions in the climate tech, health tech and fintech sectors — PARIS, France, 8 March 2022 -/African Media Agency (AMA)/- Viva Technology and the International Finance Corporation (IFC) today announced a call for applications for the first edition of the AfricaTech Awards, a pan-African initiative developed to …

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