Talking African economy at Davos: The AfCFTA and a unified market

Talking African economy at Davos: The AfCFTA and a unified market

When it comes to a unified African market – the topic of Tuesday’s panel discussion at the World Economic Forum in Davos – Bernard Gautier, deputy CEO of French investment firm Wendel Group, made it easy to see the existing barriers to business and Africa’s economic growth. There’s an office…

Laureen Fagan

Laureen is the editor of Africa Times

Japan commits USD$700 million to African Development Fund

Japan commits USD$700 million to African Development Fund

In a first for Japan, the country’s International Cooperation Agency (JICA) has signed a new loan agreement with the African Development Fund to provide USD$700.9 million to address poverty and support economic growth. “We hope the loans and grants will be used effectively to improve economic and social conditions of…

AfDB touts agriculture, infrastructure in new African Economic Outlook report

Infrastructure investment remains at the core of African economic development, says Akinwumi Adesina, president of African Development Bank (AfDB), as the bank rolls out its 2018 African Economic Outlook. “Infrastructure, when well managed, provides the financial resources to do everything else,” said Adesina, speaking from the bank’s headquarters in Abidjan, Côte…

AfDB president Adesina named World Food Prize recipient

This year’s World Food Prize will go to Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), whose name was announced earlier this week in the United States. The prestigious USD$250,000 prize awarded to Adesina honors his leadership in improving the practice and production of food in Africa, and in “galvanizing the…

Modi to open AfDB annual meeting in India

Prime Minister Narendra Modi of India will participate Tuesday alongside Akinwumi Adesina, president of the African Development Bank (AfDB), at the bank’s annual meeting in Ahmedabad in India’s western Gujarat state. The meeting, which runs through Friday, will focus on India’s partnership with African nations in key development areas, with…

Was Davos a success for Africa?

On Thursday the African Development Bank Group (AfDB) released a statement on the launch of the New Deal on Energy at the World Economic Forum in Davos, Switzerland. The aim of the deal is to attain universal access to energy in Africa by 2025, in order to achieve this goal,…

African Development Bank Group announces energy initiative

The African Development Bank Group (AfDB), yesterday, announced an initiative aimed at solving the African energy deficit by 2025. The announcement of the “New Deal for Energy in Africa” was made at a High Level Stakeholder Consultative Meeting in Abidjan. AfDB Presidnet, Akinwumi Adesina, said “a lot of financing will…