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Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs

The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF founder, Mr Tony Elumelu,...

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Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs

The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF founder, Mr Tony Elumelu,...

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Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs

The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF founder, Mr Tony Elumelu,...

NCDMB, APPO to Establish Centres of Excellence in African Local Content Development

The Nigerian Content Development and Monitoring Board (NCDMB) and the African Petroleum Producers’ Organisation (APPO) have recommitted their partnership towards establishing African centres of...

Financing Africa’s Energy Future: The Role of International Investors and Development Finance Institutions

While the African continent boasts significant oil, gas and renewable energy resources, unlocking these opportunities requires substantial investment in infrastructure and long-term financing solutions....
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African Development Bank, Absa Unveil Package to Expand Capital Markets, Boost Economic Growth for Women and Youth

The African Development Bank and Absa Group, one of Africa's leading financial services providers, have signed a landmark agreement to mark the execution of...

AfDB, AU Launch Initiative to Eradicate Malnutrition Across Africa

The African Union Commission (AUC) and the African Development Bank Group's African Leaders for Nutrition (ALN) initiative, in collaboration with the government of Senegal,...

“Middle-Income Trap” Hinders Progress in 108 Developing Countries – World Bank

More than 100 countries, including China, India, Brazil, and South Africa, face serious obstacles that could hinder their efforts to become high-income countries in...

From Uruguay to Ethiopia: Innovations in Sustainable Livestock Practices

With 70.3 million cattle, 95.4 million sheep and goats, and 8.1 million camels, Ethiopia leads Africa in livestock numbers. The country blends mixed farming...

AfDB, Red Cross Partner to Assist Vulnerable People in Africa

Following the signing of a Memorandum of Understanding (MoU) between the African Development Bank and the International Committee of the Red Cross in December...

Afreximbank Commences African Quality Assurance Centre in Imo State Nigeria

African Export-Import Bank (Afreximbank) has commenced the project development activities of its second African Quality Assurance Centre (AQAC) in Ngor Okpala, Imo State, Nigeria,...

Need for Collaboration to Tackle Critical Gaps in Surgical Care, Education Gains Fresh Recognition

The imperative need for collaboration to tackle critical gaps in surgical care and education around the globe gained fresh recognition at a high-level panel...

SEC DG to Speak on Green Economy, Infrastructure Transformation at Oriental News Summit

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, would be x-raying key policies and options available in the country’s...

Five Presidents and four Prime Ministers to Headline the AfriCaribbean Trade and Investment Forum and Afreximbank’s 2024 Annual Meetings

Ghanaian President, Nana Addo Dankwa Akufo-Addo; Prime Minister of The Bahamas, Philip Davis; Prime Minister of Barbados, Mia Mottley; and Guyana President, Mohamed Irfaan...

Aba Power Reviews Tariff Upwards

 Almost two months after the other 11 electricity distribution firms in Nigeria increased their tariff for Band A customers due to the prevailing economic...

African Leaders Join AfDB’s Call for Action to Reform the Global Financial Architecture

With $200 billion invested in development projects across the continent since its establishment in 1964, the African Development Bank Group is leading the charge in transforming...

FG Commissions 5.2 mmscfd CNG Plant in Lagos to Cushion Effect of Subsidy Removal

In its continued efforts to provide alternative source of fuel for Nigerians and lessen the impact of subsidy removal on petrol, the Federal Government...