The African Development Bank (AfDB) Group and the African Union (AU) have renewed the push for visa-free travel among African countries to boost trade, commerce and prosperity of the continent. Policymakers, business leaders, and development institutions renewed calls for visa-free travel across the continent, describing the free movement of people as essential to unlocking Africa’s…
Nigeria’s global influence will continue to grow significantly in the coming decades, the British High Commissioner to Nigeria, Dr. Richard Montgomery, has said. This therefore underscores why peace, resilience and institutional stability remain central to the United Kingdom (UK’s) partnership with Africa’s most populous nation. Montgomery made the assertion in Abuja at the inaugural Annual…
Nigeria is ready to consolidate and deepen the Comprehensive Strategic Partnership with China in 2026, Director-General and Global Liaison of the Nigeria–China Strategic Partnership, Mr. Joseph Tegbe has assured. He noted that emphasis will continue to be placed on cooperation that directly supports Nigeria’s development priorities, including economic diversification, infrastructure delivery, human capital development, technology…
Global labour body, the International Labour Organisation (ILO) has said at the current pace, progress remains too slow and achieving gender parity in employment at the global level would take more than 190 years. The Beijing Declaration and Plan of Action (BPfA) recognised the critical role that women play in the economy and called for…
The Government of Senegal, through the Ministry of African Integration and Foreign Affairs, proudly announces the official launch of the candidacy of Mr. Amadou Hott for the presidency of the African Development Bank (AfDB) Group. This official launch ceremony, which marks a major milestone for Senegal’s commitment to pan-African development, will be held on Thursday,…
The Saudi Export-Import Bank (Saudi EXIM) and Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, have signed a Memorandum of Understanding (MoU) to collaborate on initiatives to boost exports in both the Kingdom of Saudi Arabia and AFC’s member countries. This MoU, signed on the sidelines of the ongoing 2024 IMF/World Bank Annual Meetings,…
The World Economic Outlook (WEF) has released Chief Risk Officers report, which has warned countries against cyber risk heightened by geopolitical tensions and conflicts. In a report, the risk officers said that in total, 71 per cent of respondents expect cyber risk and criminal activity to severely impact organizations for the remainder of 2024. This…
The Executive Board of the International Monetary Fund (IMF) on Tuesday announced a Review of Charges and the Surcharge Policy that allows it lend to countries at a lower rate. In a statement, Managing Director of the IMF, Kristalina Georgieva, said the global economy is challenging for many countries, and the Fund has to slash…
The European Union (EU) and EDFI Management Company (EDFI MC) together with European Development Finance Institutions (EDFIs) have raised more than €2 billion in financing aimed at generating employment, and enhancing financial inclusion, especially among young and women-led businesses in Nigeria and the rest of Africa. The EDFI MSME Platform Plus Programme, supported by €255…
