Ethiopia to adopt visa-free policy for all African visitors—PM
Ethiopia will soon allow all Africans to visit the country without visas, according to Prime Minister Abiy Ahmed. The announcement follows Rwanda’s decision allowing Africans […]
African Development Bank
African Development Bank debars CHINT Electric for 36 months for fraudulent practices
The African Development Bank Group (AfDB) announced on Monday the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power transmission and distribution […]
Africa: Swedfund Commits $14.7 million to Evolution II Energy Fund
Swedfund, Sweden’s development finance institution that supports companies in Africa, Asia, Latin America and Eastern Europe, has invested SEK 126m in the Evolution II Fund, […]
AfDB to launch 12 new projects to support SMEs in 6 African countries
The African Development Bank (AfDB) will launch twelve new projects to support agribusiness SMEs in 6 African countries, The Bank said in a statement. The […]
Morocco secures $2 billion funding from AfDB
The African Development Bank’s (AfDB) vice president, Khaled Sherif, last weekend said Morocco will benefit from a $2 billion financing from the Bank over the […]
Sudan bans importation of additional 19 goods to protect its currency
The Sudanese government has imposed temporary ban on selected foods in an effort to protect its currency and narrow its budget deficit, Reuters reports. The […]
Ghana: Kotoka International Airport declared safest airport in Africa
The Kotoka International Airport (KIA) in Ghana has been declared the safest airport in Africa after winning the Airports Council International (ACI) Safety Award last […]
Africa’s intra-trade reaches 13% – UNECA
Trade among African countries accounts for only 13% of the continent’s overall trade, the United Nations Economic Commission for Africa said on Wednesday. The commission […]
Four African countries to join Fisheries Transparency Initiative
The African Development Bank (AfDB) has announced that Mauritania, Senegal, Seychelles and Guinea have applied to join the Fisheries Transparency Initiative (FiTI), to promote more […]
African Development Bank outlook stable – Fitch Affirms
Fitch Ratings has confirmed the African Development Bank’s (AfDB’s) Issuer Default Rating (IDR) rating, keeping it at “AAA” with a stable outlook. AfDB enjoys strong […]