African Development Bank President Akinwumi Adesina has reaffirmed stronger ties and increased support for Congo during a three-day visit to the Republic of Congo on 12 May 2019.
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Development
GMES and Africa partners rally to weave together solutions to Africa’s development challenges
African development experts and institutions have begun a five-day meeting in the Senegalese capital, Dakar, to weave together strategies and mechanisms of delivering on the services they are mandated to provide under the banner of the Global Monitoring for Environment and Security and Africa (GMES and Africa).
UN and African Union in ‘common battle’ for development and climate change financing
UN Secretary-General António Guterres has called for a “quantum leap” in funding for development and climate change for Africa, speaking to journalists on Monday, following the plenary meeting of the latest United Nations-African Union (AU) Conference, which took place in New York.
South Africa’s State-owned Oil Company Signs Deal to Explore Highly-prospective Oil Block B2 in South Sudan
South Africa’s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa agreed to invest $1billion into South Sudan’s energy infrastructure.
Nigeria: Investors say African Development Bank’s Special Agro-Industrial Processing Zones will drive agricultural revolution
Senior Nigerian government officials and key investors have endorsed the African Development Bank’s Special Agro-Industrial Processing Zones (SAPZ) initiative, describing it as a pathway to Africa’s agricultural revolution.
Côte d’Ivoire: Government seeks Bank’s support for $5.8 bln tourism plan
Ivorian Minister of Tourism Siandou Fofana on 25 April 2019 presented a strategy document aimed at making Côte d’Ivoire Africa’s fifth biggest tourism destination from 2025 to the African Development Bank and sought its support to implement the plan.
IMF Executive Board Concludes 2019 Article IV Consultation with the Kingdom of Lesotho
Directors welcomed the progress made in restoring peace and stability, but however, noted that Lesotho continues to face significant challenges, stemming mainly from the declining Southern African Customs Union (SACU) revenues and high government expenditures.
