Industry Opinions

Reviving the WTO

Ngozi Okonjo-Iweala WASHINGTON, DC – The World Trade Organization is in the news mostly for the wrong reasons nowadays. Many people regard it as an ineffective policeman of an outdated rulebook that is unsuited for the challenges of the twenty-first-century global economy. And WTO members generally agree that the organization urgently needs reforming in order […]

Africa Industry

S&P Global affirms African Development Bank’s AAA rating, with stable outlook

Ratings agency S&P Global on Friday affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management. […]

Africa Opinions

Boris Johnson’s New-Model Colonial Policy

By Arkebe Oqubay ADDIS ABABA – British Prime Minister Boris Johnson’s decision to merge the United Kingdom’s Department for International Development (DfID) with the Foreign and Commonwealth Office is a deliberate slap in the face to developing countries. Worse, it comes just when African countries are crying out for international support to fight COVID-19 and its economic fallout. Johnson […]

Africa50 is an independent infrastructure fund, focused on high-impact projects mostly in the energy and transport sectors
Africa Industry

Infrastructure Fund Africa50 helps Egypt’s Solar Power Sector take off

Africa50 is an independent infrastructure fund, focused on high-impact projects mostly in the energy and transport sectors A 37-square-kilometer solar park so large that it can be seen from space, with over seven million photovoltaic panels, and funding of $4 billion. In Africa? Impossible? Not anymore. Thirty international infrastructure developers got behind this project, investing […]

Africa Opinions Opportunities

Crisis present Unique Opportunities for Unprecedented ActioTimes of Unprecedented 

By Graça Machel, Dr. Ngozi Okonjo-Iweala, Dr. Vera Songwe, Maria Ramos We have been presented the opportunity to reimagine and redesign our society into a vibrant and equitable one COVID 19 has unearthed massive inequalities within our societies and brought to glaring light the unique burdens which women carry the world over. Allocation of response […]

Opinions

Sustainable Development Starts with Children

By Helen Clark NEW YORK – “Our house is on fire,” warned the teenage climate activist Greta Thunberg at last year’s World Economic Forum meeting in Davos. Her pointed words – accusing adults of sitting idly by as the planet burns – quieted a roomful of global leaders, inspired young activists worldwide, and underscored the critical importance of putting children at […]

Africa Industry

Egypt: African Development Bank approves 225 million euros budget support loan for electricity sector to bolster economic resilience and sustainability amid COVID-19

The funding, provided in a challenging global context, will help meet the Government of Egypt’s financing requirements in the light of the COVID-19 pandemic ABIDJAN, Ivory Coast, June 17, 2020 – The Board of Directors of the African Development Bank on Wednesday approved a 225 million euros loan to finance Egypt’s Electricity and Green Growth […]