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AfDB approves €98m loans, €17m partial risk guarantee for Air Côte d’Ivoire to boost regional aviation industry

A €253m Public-private partnership program for aircraft purchase, jobs and training   The AfDB Group’s Board of Directors has approved a total AfDB loan of €98.06 million to finance a program of the regional airline, Air Côte d’Ivoire (ACI) to modernize and expand its operations. The loan consists of a ...

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Ghana, Kenya to boost Africa’s trade ties

Leading members of the private sector in Ghana and Kenya have acknowledged that both countries, considered to be regional economic gateways, have the capacity, economic and investment credentials to transform and expand trade between their respective regional markets. “Intra-Africa investments and trade are prerequisites for regional and national economic development ...

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Elumelu takes Africapitalism to Saudi Arabia

  …Says entrepreneurship & gender equality will drive economic diversification in the Middle East and Africa     Chairman, Heirs Holdings and Founder, The Tony Elumelu Foundation, Tony O. Elumelu, CON joined global private sector leaders at the Future Investment Initiative Conference in Riyadh, Saudi Arabia yesterday to discuss ways ...

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Adesina Receives 2017 World Food Prize Laureate Award

Nigeria’s former Minister of Agriculture and rural development, Akinwunmi Adesina has received the 2017 World Food Prize Award. Adesina who is also the current President of the African Development Bank received the award at the event held on Thursday at the Iowa in the United States. The event had in ...

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Africa holds the key for feeding 9 billion people by 2050, Adesina says during Norman Borlaug Lecture

  Calls for land tax for unused agricultural land or underutilized agricultural land     Africa holds the key for feeding the nine billion people that will inhabit this planet by 2050, the President of the African Development Bank and 2017 World Food Prize Laureate, Dr. Akinwumi Adesina, said during ...

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Ghana’s Debt –to-GDP ratio to reach 66.1% in 2018 – IMF

Ghana’s Debt-to-GDP ratio is expected to decrease significantly by the end of 2018 according to a projection captured in the fiscal monitor report released by the International Monetary Fund (IMF). The data released on the sidelines of the Annual IMF/World Bank Meetings in Washington DC showed that the ratio of ...

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Aliko Dangote shares secret of backward integration with investors: “Produce the entire value chain”

At the Financial Times’ 4th annual Africa Summit at Claridges in London, editor in chief Lionel Barber conducted an extraordinarily candid public conversation with Nigerian Aliko Dangote, Africa’s most successful business leader, in the presence of Nigerian vice-president Professor Yemi Osingajo, Congolese presidential hopeful Moise Katumbi, and about 300 business ...

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Facebook gets behind African entrepreneurs in a ‘celebration of tech’ week as part of its sponsorship of TechCrunch’s Startup Battlefield Africa

Showcasing Facebook’s passion for investing in creative, diverse talent across Africa, and nurturing the tech and startup ecosystem, Facebook announces a week-long celebration of activities as part of its sponsorship of TechCrunch’s Startup Battlefield Africa 2017 (http://APO.af/wJeqkQ). In the first event of its kind on the continent, TechCrunch’s Startup Battlefield ...

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AfDB approves $200 million to IDC to support industrialisation projects in Africa

  The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and 1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialization projects in both South Africa ...

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Ghana: World Bank pledges to make Ghana a middle income country

  Country Director for the World Bank, Mr. Henry Kerali, has assured Ghanaians of the institution’s support to help improve the living conditions of Ghanaians. According to Mr Kerali, the World Bank is willing to help make Ghana a fully fledged middle income country. He made this assurance during the ...

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