Geneva, Switzerland//– On 1 January 2021, the African Union launched the Africa Continental Free Trade Area (AfCFTA), the world’s biggest free trade area and Africa’s most ambitious and recent effort to liberalize trade.
Category: Investing
IFC Invests in Capital Fund to Support SMEs in Central America
Panama City//—Small and medium enterprises (SMEs) in Central America, the Dominican Republic, and Colombia will have improved access to finance given an investment by IFC, a member of the World Bank Group.
Ghana Revenue Authority Sets Ambitious Revenue Collection Target
Accra, Ghana//-The Ghana Revenue Authority (GRA) has set a revenue target of GH¢60 billion for the year 2021 constituting 32.3% increase over the 2020 actual collection.
Education Cannot Wait Approves $2M to Support Rapid Education in Tigray Region
New York, US – Education Cannot Wait (ECW) today approved a $2 million allocation to support rapid education in emergencies interventions for children and youth fleeing violence in Ethiopia’s Tigray region.
UK Pledges Over $125m in Aid on Kenya-Sudan Tour
UK foreign secretary Dominic Raab wrapped up a two-day tour to Kenya and Sudan on Thursday after pledging millions in aid to various projects in both countries.
Deploying True Entrepreneurship in the Fight Against COVID-19
Accra, Ghana//-Imagine you wanted your child, Kofi, to take a swim class. You hire the best tutor you can find, Teacher Ama. She then proceeds to teach Kofi every single muscle movement necessary to make him an expert swimmer.
How We-Fi Innovative Approach Helps to Unlock Commercial Financing and Dreams for Women-led Businesses in Nigeria
When I met Aisha, a female entrepreneur with a medium-sized food-processing facility in Lagos, she emphasized: “There is a bias that woman dream too big and Bank staff are more open to listening to men sharing their dreams and ambitions and are wary when women share the same dreams ,” as she discussed her experience trying […]
Biden Bids to Reverse US-Africa Decline
The inauguration of Joe Biden as US president promises to usher in a new era in US-Africa relations. What are the likely changes in the fields of trade, investment and diplomacy?
Creative Economy to Have its Year in the Sun in 2021
Here’s why the UN has dedicated a whole year to the creative economy and its critical role in promoting sustainable development, especially in a post-coronavirus world. After a year of pandemic-induced lockdowns, there couldn’t be a better time to appreciate the creative economy. The United Nations is doing just this as it marks 2021 as […]
Africa is the World’s Next Business Frontier
Abidjan, Ivory Coast// — African Development Bank (www.AfDB.org) President Akinwumi A. Adesina on Wednesday indicated that Africa remained fertile ground for investment, but much hinged on the continent’s ability to boost its healthcare sector.