Tag: Africa
Economy
Afreximbank launches US$3 Billion Revolving Intra-African Oil Import Financing Programme
In a move to reduce Africa’s reliance on imported refined petroleum products, which cost the continent an estimated US$30 billion annually due…
Business
Afreximbank launches its flagship Accelerator Program to boost intra-Africa trade
Cairo, Egypt, 29th April 2025 – The African Export-Import Bank (Afreximbank) has officially unveiled the Afreximbank Accelerator Program, a transformative three-month initiative…
Africa
Jumia’s Growth Amid Rising Chinese Competition: Africa’s E-Commerce Battle
Jumia, Africa’s homegrown e-commerce giant, is preparing for a major expansion in 2024, despite fierce competition from Chinese retail disruptors like Temu and Shein.…
Africa
Africa Proposes Critical Minerals-Backed Currency to Stabilize Economies
The African Development Bank (AfDB) has introduced a proposal for a new currency system backed by Africa’s critical mineral reserves, drawing inspiration from the historic Gold Standard. The…
Africa
Afreximbank to Double Intra-African Trade Financing to $40 Billion by 2026
Afreximbank has announced its ambitious goal to double its financing for intra-African trade to $40 billion by 2026. This initiative is part…
Africa
Mpox Declared a Global Health Emergency
The World Health Organization (WHO) has officially declared mpox a public health emergency of international concern, following the rapid spread of a…
Africa
African Development Bank to Boost Clean Cooking Investments Across Africa
The African Development Bank (AfDB) has committed to enhancing its investments in clean cooking initiatives across Africa. This strategic move aims to…
Business
AfDB’s Sovereign Portfolio Retains Top Spot in 2024 Aid Transparency Index
The African Development Bank (AfDB) has once again secured the top position in the Aid Transparency Index for its sovereign portfolio. This…
Science
AfDB and IFRS Foundation to Boost Sustainable Finance Disclosure in Africa
The African Development Bank (AfDB) and the International Financial Reporting Standards (IFRS) Foundation have signed a letter of intent to enhance sustainability…