Agencies
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News
G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa
ABIDJAN, June 18, 2024 – G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation. US…
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Somalia reaffirms commitment to EAC integration
NAIROBI, June 18, 2024 Somalia has reaffirmed its commitment to integrating into the East African Community [EAC], demonstrating strong participation in a pivotal regional meeting currently underway in Nairobi, Kenya. The one-week…
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Cooperatives & Communities
Oikocredit announces US$ 10mln loan to APC to support SMEs in Africa
NAIROBI June 17, 2024 – Social impact investing cooperative Oikocredit has made a first-time loan of US$ 10 million [€9.3mln] to AfricInvest Private Credit [APC] to augment support for small and medium…
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Digital Earth Africa announces major advancement in the observation and monitoring of Africa’s waterbodies
JOHANNESBURG, June 16, 2024 – Digital Earth Africa has the launch of its innovative Waterbodies Monitoring Service. This service is a world-first developed in – and for – the African continent. The…
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AfDB launches continental network to spur home-grown solutions to debt challenges
ADDIS ABABA, June 15, 2024 – The African Development Bank’s African Development Institute on Thursday launched the African Debt Managers Initiative Network [ADMIN], a new programme to provide home-grown solutions to Africa’s…
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Rice and oilseed outputs forecast to peak as wheat and maize face decline – new report
KAMPALA, June 14, 2024 – The UN Food and Agriculture Organisation [FAO] projects that the world’s major food commodities will be in “adequate supply” in 2024 and 2025. But the organisation warns…
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Senegal achieves first oil from Sangomar Project
JOHANNEBURG, June 12, 2024 – Exploration and production company Woodside Energy has achieved first oil production at Senegal’s inaugural offshore oil project – the Sangomar field development. This milestone underscores the effective…
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News
Fidelity Bank Nigeria completes acquisition of Union Bank UK
CAIRO, June 11, 2024 – African Export-Import Bank [Afreximbank] has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of…
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News
15th General Assembly of AUB set to be hosted in Botswana
DAKAR, June 10, 2024 – The African Union of Broadcasting [ AUB ] will hold its 15th General Assembly from September 3 to 5, 2024 in Gaborone, capital of the Republic of…
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Cooperatives & Communities
Cocoa traceability soars but poverty and child labour continue to plague industry, says new report
LONDON, June 10, 2024 – A report by the Retailer Cocoa Collaboration [RCC] has found that the traceability of cocoa supplies has significantly improved in the last year as companies brace for…
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