Category: COVER

Rule of law is Africa’s new gold: African Development Bank Group’s (AfDB’s) Adesina calls for bold legal and governance reforms to unlock prosperity

NAIROBI, Kenya, August 16, 2025/ — “When Africa stands for the rule of law, the world will stand with Africa,” the President of the African Development Bank Group (www.AfDB.org), Dr Akinwumi Adesina, has told more than 1,200 lawyers, judges, and government officials attending the Kenya Law Society’s 2025 Annual Conference. Delivering the closing keynote, title Public Finance, Governance, Justice and Development, Dr. Adesina drew a clear link between judicial independence, sound public finance, and sustainable economic growth. He stressed that Africa’s true wealth lies not only in its natural resources but…

Former Namibian Mines and Energy Minister Tom Alweendo to Speak at African Energy Week (AEW) 2025 as Country’s Offshore Oil Boom Accelerates

Tom Alweendo, Former Minister of Mines and Energy, Namibia will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energies 2025, taking place in Cape Town from September 29 to October 3 according to an official statement issued in Cape Town,Friday. Alweendo,who led Namibia’s Ministry of Mines and Energy from 2018 until March 2025 the statement said,recently launched Alvenco Advisory, a strategic consultancy aimed at assisting investors in navigating Namibia’s political, fiscal, legal and environmental regimes. The firm,the statement said,offers tailored advisory services covering policy…

Ghana Gov’t Announces Posthumous Promotions and Family Support Fund

…….. As Six (6) Out of the Eight (8) fallen Heroes Laid to Rest   Report: Mohammed A. Abu Ghana’s President John Dramani Mahama  announced in Accra,Friday,the posthumous promotion for the three (3)  Airforce  officers out of the total eight (8) victims of the recent tragic helicopter crush that hit the nation. The lates,Squadron Leader Peter Anala, was elevated to Wing Commander; Flying Officer Twum-Ampadu elevated to Flight Lieutenant; and Sergeant Ernest Addo elevated to Flight Sergeant. President Mahama also announced the creation of a Family Support Fund to take…

Bank of Algeria joins Pan-African Payment and Settlement System (PAPSS) network, accelerating financial integration in Africa as Algeria prepares to host Intra-African Trade Fair 2025 (IATF2025)

The Pan-African Payment and Settlement System (PAPSS) launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has officially welcomed the Bank of Algeria into its growing network says an official statement issued in Cairo,Friday. Algeria,the statement noted, now becomes the 18th country of presence for PAPSS, marking a significant step in advancing Africa’s journey towards deeper financial integration. This development is expected to further support cross-border payments and enhance the regulatory framework governing intra-African trade.…

President Ramkalawan Witnesses Handover of 24 Housing Units and Foundation Stone Laying for New Development at Vilaz Zanblon

President Wavel Ramkalawan, accompanied by First Lady Linda Ramkalawan, witnessed the handing over of 24 housing units to families at Vilaz Zanblon, Cascade, according to an official statement issued in Victoria,Thursday . The 24 units represent Phase 2 of the Village development, comprising 8 three-bedroom units and 16 two-bedroom units constructed by Reliance Engineering at a cost of SCR 24.6 million. The ceremony saw families receiving keys to their new homes as part of the government’s commitment to providing affordable housing solutions. Speaking at the ceremony, Minister for Land and…

Global Africa Business Initiative (GABI) announces fourth Unstoppable Africa flagship event in New York

NEW YORK, United States of America, August 14, 2025/ — The Global Africa Business Initiative (GABI) (www.GABI.UNGlobalCompact.org) will convene the fourth edition of its annual flagship event, Unstoppable Africa, on September 21-22, 2025, at the Marriott Marquis Hotel in New York. CNN’s Larry Madowo and Al Jazeera’s Folly Bah Thibault will return as MCs. Unstoppable Africa is the leading African business forum outside the continent. Hosted by United Nations Secretary General António Guterres and H.E. Mahmoud Ali Youssouf, Chairperson of the African Union, the event will take place just before the 80th…

A High-level Delegation of the OIC and its Humanitarian and Development Institutions Visits Burkina Faso

The Organization of Islamic Cooperation (OIC) and its humanitarian and development institutions, namely the Islamic Solidarity Fund (ISF), the Islamic Development Bank (IsDB), and the Islamic Committee of the International Crescent (ICIC), dispatched a high-level delegation to Burkina Faso for a working visit during the period from 13 to 17 August 2025 according to an official statement issued in Jeddah,Thursday. Headed by,the statement said, Ambassador Tarig Ali Bakheet, Assistant Secretary-General for Humanitarian, Social and Cultural Affairs of the OIC General Secretariat, and comprising Dr Mohammed bin Suleiman Aba Al-Khail, Executive…

AfDB-Ethiopian Airlines Join Hands for USD10 Billion Mega Airport Project to Deliver a game Changer for Africa and Global Aviation

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s role (www.AfDB.org) as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion of the $10 billion needed for the mega project an official statement disclosed in Addis Ababa,Wenesday. The Bank,the statement said  plans to provide financing of $500 million, subject to Board approval. The mandate letter,it added, was signed by Ethiopian Airlines Group Chief…

African Development Bank backs Artificial Intelligence (AI) training to boost Agenda 2063 implementation across Africa

LUSAKA, Zambia, August 12, 2025/ — The African Development Bank (www.AfDB.org) is supporting a new Artificial Intelligence (AI) training initiative to advance the implementation of Africa’s continental development blueprint, Agenda 2063: The Africa We Want (http://apo-opa.co/4miWmzo). Through its Joint Secretariat Support Office (JSSO), the Bank provided technical and financial backing for the 5th Annual Training Workshop for African Union Member States on harnessing AI for effective monitoring, evaluation, and reporting on the Second Ten-Year Plan (2024–2033) of Agenda 2063. The five-day workshop, held in Lusaka, Zambia, was jointly organized by the…

Strategic Alliances Propelling Egypt’s Gold Sector Growth Ahead of African Mining Week (AMW) 2025

Egypt is advancing partnerships with global investors to expand its estimated 7.3 million tons of gold reserves and production capacity an official statement has disclosed in Cape Town,Wednesday. These partnerships,the statement noted, fall under the country’s Vision 2030 strategy to increase the mining sector’s contribution to GDP from the current 1% to 5%. Amidst a target to increase gold production to 800,000 ounces by 2030, it added,the upcoming African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders – will connect global stakeholders with burgeoning prospects within Egypt’s gold…