Category: AFRICA

Swearing-in Ceremony of the New President of the African Development Bank – Exceptional Coverage by AFRICA24

On September 1, 2025, Sidi Ould Tah will officially take office as President of the African Development Bank (AfDB), succeeding Akinwumi Adesina,according to an official statement issued in Abidjan,Saturday. Elected on May 29, 2025, with 76.18% of the vote, Sidi Ould Tah thus becomes the first Mauritanian to hold this strategic position for the continent’s economic development. Africa24,the statement said, will provide a full coverage of this historic ceremony and the related events surrounding the inauguration of the new president, offering its viewers exclusive insights into the key issues and…

Ghana’s Islamic Banking & Finance Journey: A cursory Glance

Background The issue of Islamic banking and finance(IBF) in Ghana was first put  into the Ghanaian public domain,way back  in 2002 when the country for the first time in her history, took a first and bold step towards joining of the Jeddah, Saudi Arabia based, Islamic Development Bank(IsDB) as a member country. This took the form of a maiden official visit to Ghana by an IsDB delegation during which meetings were held between the delegation and then Minister of Finance and Economic Planning, Governor of Bank of Ghana and Economic…

President Chairs Follow-up Meeting on Airport Redevelopment Project

Seychelles,President Wavel Ramkalawan this afternoon chaired a follow-up meeting to review progress on the Airport Redevelopment Project according to an official statement issued by the Office of the President in Victoria,Friday. The meeting,the statement said, follows an initial site visit and working session chaired by the President at the Seychelles International Airport on 31st July, during which the committee committed to reconvening one month later to assess developments and further expand on the proposals put forward. Also in attendance, the statement  disclosed,were Vice-President Ahmed Afif, the Minister for Transport, the…

New Report by Africa Union High Level Panel on Illicit Financial Flows Secretariat Says Africa Lags Behind in the Fight Against IFFs

The Secretariat of the African Union High Level Panel on Illicit Financial Flows released a new report, Successes and Challenges of Implementing the Recommendations of the African Union High Level Panel on Illicit Financial Flows, which indicates that most African countries fall short of meeting the institutional, policy and law enforcement requirements to effectively contain IFFs says an official statement issued in Addis Ababa,Friday. The report, launched on Wednesday, August 27, 2025, shows that the continent lacks an effective coordination mechanism for a coherent and coordinated action against the scourge of…

From the Era Miracles to the Era of Machines-By Anaba S A

Africa must trade superstition for science if we want to survive this century. 1.) The next 50 years will not be kind to slow thinkers. By 2075, nations will not compete on prayers, they will compete on patents. Your children will not eat because you fasted; they will eat because you built something people will pay for. Drones, AI, synthetic biology, quantum computing etc., these are the “miracles” of the next generation. And they will belong to whoever understands the natural laws that make them work. The Brutal Truth  2.)…

Mahama courts Singapore investors, touts 24-hour economy as gateway to $3.4 trillion AfCFTA market

President John Dramani Mahama on Tuesday used the opening of the 8th Africa–Singapore Business Forum to pitch Ghana as a “reliable gateway” to the African Continental Free Trade Area (AfCFTA), calling Africa “investable” and urging deeper South–South partnerships amid a more fragmented global economy. “We are here to learn, to partner, and to deliver,” President Mahama said at his first engagement on a three-day state visit to Singapore. “Africa is investable, and Ghana is your reliable gateway to the continent.” Framing Africa and Asia as the world’s “two youngest, fastest‑urbanising…

AfDB Commits to Support African Universities…..As TICAD 9 Holds in Tokyo

Universities are essential partners in Africa’s development, and the African Development Bank (www.AfDB.org) is committed to supporting them as centres of innovation that can attract not only Bank financing but also private investment and venture capital, Vice-President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo, said in an official statement issued  in Tokyo,Tuesday. She was speaking at a symposium held Saturday 23 August, on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9). The event was organised by the University of Tokyo and co-hosted by the…

Africa’s Private Sector Gets a $5.5 billion Assistance Booster Under EPA6…..As Japan-AfDB Sign MOU at TICAD9

The government of Japan and the African Development Bank (www.AfDB.org) on Thursday signed a Memorandum of Understanding launching the sixth phase of the Enhanced Private Sector Assistance (EPSA6) agreement, which provides a framework for critical resource mobilization and development partnership for African countries according to an official statement issued in Tokyo,Friday. Under EPSA6, the statement said,the Bank and JICA will work together to support regional member countries for the period 2026-2028, with a financial package of up to $5.5 billion – half a billion more than EPSA5 – while ensuring…

Intra-African Trade Fair 2025 Welcomes Tropical General Investment Group as Official Premier Partner

Intra-African Trade Fair 2025 (IATF2025), Africa’s premier trade and investment platform, has formally welcomed Tropical General Investment Group (TGI) as an Official Premier Partner according to an official statement  issued  in Algiers,Saturday. As a leading multinational conglomerate, the statement said,TGI is driving value addition and promoting inclusivity through manufacturing and strategic investments across emerging markets. TGI,it added, will play a pivotal role in advancing the mission of IATF2025 which aims to boost trade and investment in Africa. The event is scheduled to take place in Algiers, Algeria from 4-10 September…

Carbon-finance project pioneer TASC joins Carbon Markets Africa Summit as diamond sponsor

The organisers of the upcoming Carbon Markets Africa Summit have announced the diamond sponsorship of TASC, the award-winning and pioneering carbon finance project developer with a proven track record of innovative climate mitigation techniques and investing in local communities an official statement issued in Cape Town,Wednesday has  disclosed Taking place in Johannesburg from 22 to 23 October, Carbon Markets Africa Summit will gather the continent’s entire carbon markets value chain, from successful early carbon market movers, climate-finance-ready projects and regulatory bodies to global institutional development organisations and investors. High-impact carbon projects at…