Africa
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Partners combat money laundering and terrorism financing in Africa through new project
DAKAR, April 19, 2024 – The African Development Bank [AfDB] and the Inter-Governmental Action Group against Money Laundering in West Africa [GIABA] on Thursday officially launched a three-year support project to combat…
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New partnership aims to connect 300mln to electricity by 2030
KAMPALA, April 18, 2024 – The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by…
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The business of water: Addressing Africa’s growing thirst
KAMPALA, April 16, 2024 – Water scarcity poses a significant hurdle to Africa’s growth and development, with climate change and deteriorating infrastructure intensifying the challenges. South Africa’s recent water crises, where about…
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Ugandan diplomat says country has enough food stocks to support drought-hit States in Southern Africa
LUSAKA, April 15, 2024 – Drought-hit COMESA Member States in the southern African region can benefit from Uganda’s bumper harvest, according to Gen. Fred Mwesigye [Rtd.], the country’s newly accredited Permanent Representative…
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African economies to grow by 3.4 percent in 2024-report
KAMPALA, April 9, 2024 – Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt…
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Ghana Cooperatives Council appeals for tax waivers, Uganda cited
ACCRA, April 8, 2024 – The Board Chairman of Ghana Cooperative Council, Dr Bernard B. B. Bingab has again appealed to the government to consider offering tax waivers to the country’s cooperative…
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JPMorgan Chase to deepen partnerships with AfDB
ABIDJAN, April 5, 2024 -African Development Bank Group [AfDB] Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with top executives of JPMorgan Chase, the largest US bank, on potential partnership between the…
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AfDB approves US$ 50mln loan to support climate change resilience in Nigeria
ABUJA, March 28, 2024 – The Board of Directors of the African Development Bank Group [AfDB] approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project [ECCAP]…
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Global experts urge action as Africa grapples with US$ 65bln timber trade deficit
ABIDJAN, March 27, 2024 – Africa must work to urgently address its staggering US$ 65 billion timber trade deficit to position forests as a critical driver for the continent’s future development, global…
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Africa’s wind power holds potential to light up the continent, says IFC report
KAMPALA, March 26, 2024 – Africa has enough wind resources to power its entire electricity demand 250 times over, according to a commissioned study by the World Bank’s International Finance Corporation. The…
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