The need for African economies to adopt innovative approaches to finance integration and especially infrastructure development also underscored.
Africa Industry

‘African countries must leverage strengths to accelerate integration’

KIGALI – Participants to the 13th African Economic Conference have called for African countries to leverage the full range of their strengths and resources to accelerate the region’s drive towards continental integration. Themed “Regional and Continental Integration for Africa’s Development” the 2018 AEC, jointly organized by the United Nations Development Programme, the United Nations Economic Commission for Africa, […]

L-R: Heads of Communities of Olomowewe, Chief Shefiu Aguda; Idasho Community, Chief Alisan latifu; Imobido Community, Chief Jegede Lateef; Group Executive Director, Dangote Industries Limited, Devakumar Edwin; Aro of Lekki, Chief Adewale Salami; and Baale of Tiye Community, Chief Kayode Mujitafa, during the stakeholder parley between representatives of Lekki Free Trade Zone host communities and Dangote Oil Refining Company in Lagos
Africa Industry Investment Jobs & career Social

Host communities commend Dangote Refinery’s CSR initiatives

LAGOS – Impressed with the provision of communal infrastructures for their communities by Dangote Oil Refining Company (DORC) as part of its Corporate Social Responsibility service, traditional rulers and community leaders from host communities in Ibeju-Lekki Free Trade Zone area of Lagos have expressed appreciation at the timely intervention of the company to their needs. […]

Charles Mkula is a journalist who has worked for a number of newspapers and magazines in Malawi since 1998.
Africa Opinions

Remittances race behind aid and Foreign Direct Investment

LILONGWE- Weakening flows in development aid financing and foreign direct investment (FDIs), two of Malawi’s economic drivers, meet at crossroads amidst a crisis that has left world economies shaking. But, Malawi, determined to drive through its national development agenda and improve the livelihood of its citizens, has positioned its development and financial sectors to attract […]

Prof. Collier tells Rwanda- Africa's "easy decade" of growth is coming to an end
Africa EAC Industry

Prof. Collier tells Rwanda- Africa’s “easy decade” of growth is coming to an end

Professor Paul Collier, one of the world’s most influential development economists, warns that Africa’s “easy decade” of accelerated economic growth is coming to an end, and only accelerated job creation and integration will ensure sustainable growth and development across the continent. Dr Collier, Professor of Economics and Public Policy in the Blavatnik School of Government […]

The Togolese Republic ("Togo") has become the twentieth (20th) Member State of Africa Finance Corporation ("AFC" or "the Corporation"), Africa's leading infrastructure development finance institution.
Africa Industry

Togo becomes 20th Member of Africa Finance Corporation

The Togolese Republic (“Togo”) has become the twentieth (20th) Member State of Africa Finance Corporation (“AFC” or “the Corporation”), Africa’s leading infrastructure development finance institution. Togo’s membership of AFC also makes it the 12th West African member of AFC after Nigeria, Guinea Bissau, Ghana, Sierra Leone, Gambia, Liberia, Guinea, Chad, Cape Verde, Benin and Côte […]

Africa Agribusiness Industry

Small-holder Farmers Need Access to Financing Across Agricultural Value Chain

Boksburg – Access to adequate financing is often identified as one of the key inhibitors to achieving long-term sustainability for Africa’s agricultural practitioners, particularly small-holder and subsistence-level farmers who typically must resort to borrowing from community members or pooling resources in order to make ends meet. “There is a real need to unlock financing for small-holder […]

The various projects that the private sector can invest in are in road transport, rail and oil
Africa Industry Investment

Private Sector urged to invest in Africa’s Transboundary Infrastructure Projects

NAIROBI – A senior adviser on regional integration and trade at the United Nations Economic Commission for Africa (ECA), Adeyinka Adeyemi, has assured private sector investors that dependable mechanisms have been established to facilitate and safeguard investment in transboundary projects across Africa. “I am pleased to inform you that we now have the PIDA Model […]

The Soroti solar plant in Uganda. By supporting small to medium-sized projects the current energy deficit in Africa can be rapidly reduced at a lower cost with a focus on many small and smart projects.
Africa Industry

Uganda makes major progress in de-risking renewable energy projects

LILONGWE – Uganda, Burundi, Malawi, Zambia and Benin have made significant progress in de-risking renewable energy projects in their countries in 2018. Since launching a year ago, the Regional Liquidity Support Facility (RLSF) has signed agreements with five countries ensuring that their Independent Power Producers (IPPs) receive protection against payment risks that often contribute to […]

The EUR 1.2 billion power generation project will consist of a 420MW hydroelectric power station as well as a 50KM transmission line
Africa Industry

AFC invests in Cameroon’s landmark 420MW Hydro-Electric power station

Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure development finance institution in Africa, has announced that it will invest in the Nachtigal Hydro Power Company (“NHPC”), located 65KM north of Yaounde in Cameroon. The EUR 1.2 billion power generation project will consist of a 420MW hydroelectric power station as well as a 50KM […]