The Board of Directors of the African Development Bank (AfDB) has approved a 35 million U.S. dollar unfunded risk-sharing facility for Ecobank International affiliates, EBI SA, to support trade finance activities in Africa. In a statement issued by Mr Kwasi Kpodo of the Communication and External Relations Department, AfDB,...
Africa
The African development Bank (AfDB) on Thursday said it had disbursed a total of 3.2 billion U.S. dollars as its contribution to combat the effects of Coronavirus (COVID-19) in Africa. Prof. Kevin Urama, Acting Chief Economist and Vice President, Economic Governance and Knowledge Management, AfDB, disclosed this at the...
Some 2.9 billion people still have never used the internet globally and 96 per cent live in developing countries, making the world’s poorest left far behind, a new UN report has found. According to the International Telecommunication Union (ITU), the estimated number of people who have gone online in...
Tanzanian tourism authorities has said that they were at the final preparations to start a process of introducing cable car on Mount Kilimanjaro, Africa’s highest mountain. Mount Kilimanjaro is a dormant volcano in Tanzania. It has three volcanic cones: Kibo, Mawenzi, and Shira. It is the highest single free-standing...
Thomas Bach, the president of the International Olympic Committee (IOC), has expressed the hope that Africa would bid to host the Olympics by 2036. Bach said this, while responding to questions by young reporters of the International Sports Press Association (AIPS) on Thursday in Lausanne, Switzerland. Bach said it...
By TENEBE ANTHONIA, Lagos – Ecobank Group, the leading pan-African banking group, has signed an agreement for a €100 million long-term credit facility over 9 years with the European Investment Bank (EIB). The facility affirms joint Ecobank Group and EIB targeted support for business investment across Africa, with particular...
The growing burden of childhood tuberculosis (TB) in Africa should be addressed as a matter of urgency through investments in robust surveillance, diagnosis, treatment and care, a health expert said Saturday during the World Children’s Day. Lucica Ditiu, Executive director of Stop TB Partnership, an international health lobby, noted...
The Kogi State Governor, Alhaji Yahaya Bello making a remark at Goodluck Jonathan Foundation’s Democracy Dialogue on Friday in Abuja Kogi State Governor, Yahaya Bello has described political stability and social security for the people as major factors needed to thrive a united Nigeria. Governor Yahaya stated this while...
BY RICHARD ABU, Nasarawa – An international organization, Network For Africa Congregational Theology (NetACT) made up of pastors and lecturers from theological seminaries has resolved to change the backward nature of Nigeria and Africa in general through the gospel of unity and progress engendered by good political leadership. The...
The Islamic State (IS) group claimed responsibility for a twin suicide bombing on Tuesday in the Ugandan capital Kampala that killed three people and left several dozen wounded. IS, which said three suicide bombers took part, with one attack targeting the central police station and another aimed at parliament,...
The Federal Government says it is exploring the possibility of setting up a border security force in the future to secure Nigeria’s porous border areas. The National Security Adviser, retired Maj.-Gen. Babagana Monguno, disclosed this in Paris at the Nigeria international Partnership Forum held on the sidelines of the...
Dire warnings of the end of the world are as old as civilization itself. But each year as the countdown to United Nations Climate Change Conference (COP) begins, they grow in volume and intensity. Recently, senior United Nations officials raised the alarm of “world conflict and chaos” and mass...