The economic bloc known as BRICS (Brazil, Russia, India, China and South Africa) that among others aims to end Western economic and political hegemony, has invited six countries – Ethiopia, Egypt, Iran, Saudi Arabia, Argentina, and United Arab Emirates to become its members. The announcement is made on Thursday August 24, 2023, by South Africa …
Ethiopia, Egypt, Iran, Saudi Arabia, Argentina, UAE join BRICS Read More »
The International Finance Corporation (IFC) of the World Bank Group provided record financing of $11.5 billion in Africa in 2023, helping to accelerate social and economic growth in multiple frontiers. The funding went to the continent’s energy transition, develop greener manufacturing, increase intra-Africa trade, strengthen smaller businesses, and boost local food production, including in more …
World Animal Protection and Partners have called upon African governments and the Africa Climate Summit 2023 to acknowledge the climate and environmental impact of unsustainable livestock production systems. In a statement it urged the summit to push for adoption of a transition to humane, sustainable, and regenerative livestock production systems. At a pre-climate week media …
Nairobi climate summit urged to discuss animal protection Read More »
The upcoming UNCTAD World Investment Forum (WIF), to be held from 16 to 20 October 2023 in the UAE’s capital Abu Dhabi, is set to serve as the perfect opportunity to facilitate the transition to a more sustainable economy, particularly for developing countries. The 8th edition of the Forum, to be anchored on the overall …
Bloomberg Africa Business Media Innovators” Forum 2023 is set to convene leaders from across Africa and internationally. Media, business, government, technology, and community leaders from across Africa, the USA and beyond will convene in Cape Town, South Africa to participate in the annual Africa Business Media Innovators (ABMI) forum on October 30 – November 1. …
Annual gathering to be hosted in Cape Town, South Africa Read More »
The 8th World Investment Forum concluded in Abu Dhabi, the United Arab Emirates with a call to public and private investors to play a pivotal role in reshaping the world economy. The Summit also calls on the private and public investors to seize the emerging opportunities offered by the energy transition, transformation of the agrifood …
World Investment Forum calls for reshaping of world economy Read More »
Husk Power Systems (Husk), the leading minigrid company serving rural communities in Sub-Saharan Africa and South Asia, has secured a new round of equity investment totaling $43 million. New investors include STOA, which led the round, the U.S. International Development Finance Corporation (DFC), and Proparco, with follow-on investments from existing shareholders including Swedfund and FMO. …
Husk secures $43 million for Africa, Asia energy projects Read More »
The tourist city of Morocco, Marrakech, is set to host the major African investment marketplace, Africa Investment Forum, next month from 8-10 November, 2023. The focus this year’s Forum promoted by the African Development Bank (AfDB) and Trade and Development Bank, among others will be on “Unlocking Africa’s Value Chains’, according to the press statement …
Marrakech to host major African investment marketplace Read More »
For the first time at the annual climate summit, international organizations are set to spotlight policy options for developing countries to capture emerging trade opportunities while adapting to climate change at the upcoming UN climate summit COP28 in Dubai, the United Arab Emirates The UN trade and development agency, UNCTAD, in partnership with the International …
UNCTAD, partners to showcase emerging trade opportunities for developing countries Read More »
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding. “This is testament to the Corporation’s ability to attract international 3rd party capital and …
Africa Finance Corporation exited its investment in Ghana’s Takoradi Port Read More »