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AfDB partners London Stock Exchange Group

…hosts Inaugural Africa launch of ‘Companies to Inspire Africa 2017’ The African Development Bank Group (AfDB) in collaboration with London Stock Exchange Group, hosted the inaugural African Launch of the ‘Companies to Inspire Africa 2017’ Report on Wednesday, 26 April 2017 at its headquarters in Abidjan. The ‘Companies to Inspire ...

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Economic Growth in Africa is on the Upswing Following a Sharp Slowdown

Economic growth in Sub-Saharan Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016, according to the new Africa’s Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank.   The region is showing signs of recovery, and ...

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Adesina invites New Development Bank to join AfDB’s ambitious Light up and power Africa project

The African Development Bank Group (AfDB) President, Akinwumi Adesina has invited the New Development Bank (NDB) to support Light up and power Africa, the first of five top priorities of the Bank’s continental transformation agenda. “I am very pleased that the New Development Bank is investing in the energy sector ...

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President Adesina leads AfDB mission to India ahead of 2017 annual meetings in Ahmedabad

  The president of the African Development Bank Group (AfDB) Akinwumi Adesina and Senior Official of the Bank will make a four-day official visit to India beginning on Thursday, March 30, 2017 to engage Indian authorities on cooperation and review facilities put in place for the 2017 Annual Meetings. Coming ...

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Ghana’s unemployment rate hit 11.9 % in 2015 – Report

Employment & Labour Minister, Ignatius Baffour Awuah the Ag. Government Statistician, Baah Wadieh Ghana’s unemployment rate stood at 11.9 percent in 2015. This is according to the latest Ghana Labour Force Survey Report by the Ghana Statistical Service. This is about twice the figure recorded in 2012/2013 (5.8%) based on ...

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World Bank to withdraw grant support to Ghana

‘World Bank did not understand why open defecation must still persist in the country’ The World Bank will soon withdraw its grant support on water and sanitation to Ghana, Mr Charles Dzradosi, a Social Policy Specialist of UNICEF, has said. This is because, for some years now, Ghana had not ...

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Elumelu speaks on Africapitalism to youths at Ghana’s leading institution

Tony Elumelu, Chairman UBA Plc, and Founder of the Tony Elumelu Foundation Elumelu Speaks on Africapitalism to youths at Ghana’s leading institution Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism. In continuation of his strategic vision of engineering a ...

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AfDB issues 1.875% $2.5bn Global benchmark due 16 March 2020

On Wednesday, March 8, 2017, the African Development Bank (AfDB), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch), launched and priced a new $2.5 billion 3-year Global benchmark transaction due March 16, 2020. The new 3-year issue is AfDB’s first dollar Global benchmark transaction this year, following a EUR ...

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Elumelu: ‘Let’s not compromise on quality’

Tony Elumelu, Chairman UBA The Chairman of United Bank for Africa (UBA), Tony Elumelu, has charged African entrepreneurs to ensure excellence and endeavour to offer products and services of high standards “without a compromise on quality”. He admonished that quality should be a priority “so that when people hear that ...

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CAF election: We cannot vote against Hayatou- Dalung

          Minister of Youth and Sports, Solomon Dalung, says Nigeria supports the candidature of Issa Hayatou in the April 2017 election for the Confederation of Africa Football (CAF) presidency. Dalung told newsmen on Monday in Abuja that Nigeria’s support was based on national interest. “For the ...

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