THE African Union Commission (AUC) will soon benefit from an $11.48 million grant from the African Development Fund to strengthen its governance and provide it with institutional support. Approval for the grant, from the Fund’s regional public goods window, came…
THE African Continental Free Trade Area (AfCFTA) is expected to increase intra-African trade in transport services by nearly 50 percent, according to the latest estimate by the UN Economic Commission for Africa (UNECA). The UNECA, noting that Africa’s transport sector…
THE African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14.2 million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system. Funding for the Support for Digitalisation, Financial Inclusion…
THE Federal Industrial Research Institute, Oshodi (FIIRO), has trained youths on beans flour production and preservation, to discourage the use of chemicals in beans preservation. The Federal Industrial Research Institute Northwest Zonal Coordinator, Mr Badamasi Mukhtar-Abdulhadi, unveiled the training on…
THE Rivers State Government has received N2bn from the Healthcare Intervention Funds of the Central Bank of Nigeria (CBN). The state’s Executive Council confirmed that the money was N500million short of its earlier approval. A statement signed by the Special…
A US-backed project plans to help invest about $60 million in West Africa’s cashew nut industry as part of a goal to boost local processing. The target was announced by the Prosper Cashew project at an event in Abidjan in Cote d’Ivoire, the…
SOUTH Africa will seek to harness a multibillion dollar cannabis and hemp industry in a bid to create as many 130,000 jobs and lure foreign investment as it grapples with record unemployment. Africa’s most industrialised nation plans to streamline the…
THE CEO of Rocksure International Ltd, Kwasi Osei Ofori, says the commencement of prospecting activity in the Nyinahin Block B bauxite concession marks a very significant step in Ghana’s natural resource development. Ofori made the remark during  a visit by…
EUROPEAN Commission President Ursula von der Leyen announced a $171bn investment plan for Africa that will include private sector investments as well as funding from EU institutions and member countries. It is the first regional plan of the European Union’s Global…
KENYA’S central bank has invited the public for views on the potential introduction of a digital currency, in a shift from its original opposition to crypto assets. The East African country pioneered mobile money payments with Safaricom’s M-Pesa in 2007,…
