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AfDB, World Bank commit more funds for renewable energies in Africa

The African Development Bank (AfDB) will soon launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy, the bank’s president Akinwumi A. Adesina said. Speaking at the One Planet Summit in Nairobi, Adesina said that the Bank would commit at least US$25 billion towards climate finance. In his words, the […]

Africa Energy Indaba conference Kicks Off in South Africa

The Africa Energy Indaba conference held in collaboration with strategic partners, the World Energy Council, NEPAD Agency and SANEA, will kick-off on Tuesday, February 19,  in South Africa, according to the organizers. “Africa is the next investment frontier for energy. Energy access is now part of the political debate on the continent and there is […]

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Tourism: Africa receives only 5% of the international arrivals

Africa’s travel and tourism industry continues to record impressive growth over the years. In 2017, the continent hit a 63 million high in international tourist arrivals as compared to 58 M in 2016 (+ 9%). The growth record is slightly above the global performance of a 7% rise in 2017, to reach a total of […]

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African carriers to report net loss of $300m in 2019

African airlines are expected to report a net loss of $300 million in 2019, the International Air Transport Association (IATA) said. The expected net loss per passenger is $3.51 making Africa the weakest region globally. Globally, it is expected that 2019 will be the tenth year of profit and the fifth consecutive year where airlines […]

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Continental free trade area to boost e-commerce in Africa –UNCTAD

Opportunities abound for Africa to engage in and benefit from e-commerce and the digital economy as the African Continental Free Trade Agreement (AfCFTA) comes into force, speakers said at an UNCTAD’s Africa eCommerce Week in Nairobi, Kenya. The High-level Dialogue on Trade and the Digital Economy in Africa showed that the continent has the potential […]

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US-China rivalry in Africa set to sharpen in 2019, Control Risks says

Early signs suggest that the US-China rivalry will find its way to the African continent in 2019. While the US is multiplying warnings about the perils of Chinese debt-fueled spending for economic stability, China will continue to broaden its engagement across the continent, with particular focus on East Africa. This is one of the key […]

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COP24: Morocco’s King pleads for more support to Africa, a victim of climate change

King Mohammed VI of Morocco has once again called international partners to grant more support to Africa, a victim of climate change. “The African continent is severely affected by the negative impacts of climate change even though Africa bears no responsibility for this unjust situation,” said the Sovereign in a message he addressed to the […]

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African countries urged to sign the Luxembourg Protocol

The Chief of Industrialization and Infrastructure at the Economic Commission for Africa (ECA), Soteri Gatera, has urged African countries to sign the Luxembourg Protocol because railways are the key to open and free trade across Africa and their development is critical to the continent’s sustainable development agenda. Speaking during the fourth Program for Infrastructure Development […]

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Congo’s Ebola epidemic is world’s second-biggest outbreak

The Ebola outbreak in eastern Congo is now the second biggest in history, the health ministry said late on Thursday. This outbreak – the second this year – began in North Kivu Province before spreading to Ituri Province in the east of the country. It’s the 10th time since 1976 that Ebola has struck the […]

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Africa’s visa openness improves; challenges persist – Report

The Republic of Benin and Seychelles have ended this year in the top spot of the Africa Visa Openness Index Report 2018.  According to the report, Benin introduced a visa-free policy for all nationals of African countries, joining Seychelles in the category of most visa open nations on the continent.  The Visa Openness Index assesses […]

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