News Archives - Page 7 of 17

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Historic $11 Billion Mobilised for African Development Fund as New Partnerships Drive Scalable Impact

The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured a landmark $11 billion for its 17th replenishment cycle (ADF-17), marking the largest mobilisation in the Fund’s history and signalling a bold shift…

Published by ttybrandafrica
December 19, 2025

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Nigeria Needs Productive Investments, Not Luxury Assets, Says Dangote

Africa’s richest industrialist, Aliko Dangote, has urged Nigeria’s business community to prioritize long-term investments that ignite industrial expansion and job creation over luxury spending. In an interview with Premium Times, Dangote expressed concern over the growing number of private jets owned…

Published by ttybrandafrica
December 19, 2025

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African Economies Face Rising Export Costs and Supply Chain Disruptions, According to New Geopolitical Trade Study

A new report by Boston Consulting Group warns that Africa is at a critical juncture in global trade as geopolitical shifts, tariff changes, and aid reductions reshape markets and expose vulnerabilities across the continent. The report, released in December 2025…

Published by ttybrandafrica
December 18, 2025

News

Angola Launches International Tender for Namibe Corridor Railway and Logistics Concession

The Government of Angola has formally launched an international public tender for the concession of the Namibe Corridor, a major transport and logistics infrastructure aimed at boosting regional connectivity, trade and economic growth. The Ministry of Transport announced that the…

Published by ttybrandafrica
December 16, 2025

News

Mali, Burkina Faso, and Niger Launch $895 Million Regional Investment Bank

The military-led governments of Mali, Burkina Faso, and Niger have launched a regional investment bank capitalized at 500 billion CFA francs ($895 million) to finance infrastructure, energy, and agricultural projects across the three Sahelian nations. The bank will pool resources…

Published by ttybrandafrica
December 16, 2025

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Bank of Ghana Moves to Rebalance Reserves With Partial Gold Divestment

The Bank of Ghana says it has begun a strategic rebalancing of its foreign reserves, including a measured divestment of part of its gold holdings as it restructures its long-term reserve portfolio. The adjustment forms part of the Bank’s broader…

Published by ttybrandafrica
December 9, 2025

News

Japan and African Development Bank Launch Africa–Asia Platform to Boost Youth Entrepreneurship and Innovation

The African Development Bank (AfDB), in partnership with Japan, has officially launched the Africa–Asia (A–A) Platform, a new initiative aimed at promoting knowledge exchange, technology transfer, and entrepreneurship between Africa and Asia. The launch ceremony took place at the United Nations University in Tokyo,…

Published by ttybrandafrica
December 7, 2025

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Uganda Secures Seat on UN Industrial Development Board for 2025–2027

Uganda has earned a place on the United Nations Industrial Development Organization’s (UNIDO) Industrial Development Board (IDB), strengthening the country’s voice in shaping global industrial policy for the next three years. The election was confirmed during the 21st UNIDO General…

Published by ttybrandafrica
December 7, 2025

News

Côte d’Ivoire Joins Arab Africa Trade Bridges Program to Boost Trade and Regional Integration

Côte d’Ivoire has officially become the newest member of the Arab Africa Trade Bridges (AATB) Program, reinforcing its commitment to strengthening economic ties with Arab and African nations and advancing regional integration initiatives. The Membership Agreement was signed during the…

Published by ttybrandafrica
December 7, 2025

News

Cabo Verde Secures €17.7 Million AfDB Funding to Accelerate Public Sector Digitisation and Boost Economic Growth

The African Development Bank Group has approved a €17.71 million loan to drive Cabo Verde’s next phase of digital transformation, reinforcing the island nation’s push toward modern, transparent, and tech-enabled governance. The funding supports Phase II of the E-Governance and…

Published by ttybrandafrica
December 7, 2025