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Kenya National Chamber of Commerce and Industry (KNCCI) and the Mastercard Foundation have entered into a partnership that will see 25,000 Micro, Small and Medium-Sized Enterprises (MSMEs) in Kenya benefit from an interest-free, zero-fee short-term concessional loan. The COVID-19 Recovery and Resilience Program will be implemented by KNCCI through...
The European Bank for Reconstruction and Development (EBRD) is supporting the delivery of vital infrastructure services in Morocco with a €300 million financing package to state-owned utility and transport companies. It will also support the government’s reform agenda on the governance of state-owned companies. Ensuring continuous delivery of vital infrastructure services...
The reality of a utopia is about to happen in Africa. This is in connection to the futuristic pan-African kingdom, Akon City, named after the Senegalese-American Hip hop R&B recording artist Akon. Born to Senegalese parents, Akon spent most of his childhood in his home country, Senegal before moving to...
As part of efforts to sustain his government’s commitment towards economic development, H.E. President Felix Tshisekedi launched the first phase of a 600 MW photovoltaic plant construction in the Menkao district of Kinshasa, Democratic Republic of Congo (DRC). The plant is an offshoot of the DRC’s global solar energy plan...
International Finance Corporation - IFC, a member of the World Bank Group, committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in the fiscal year 2020, supporting businesses across the two regions to launch, grow, provide jobs and fight the impacts of the global...
The Water Mobilisation Project to Enhance Food Security in Maradi, Tahoua and Zinder Regions (PMERSA-MTZ), implemented between 2011 and 2018 in Niger, has sustainably increased agricultural production and productivity and increased food security for nearly nine million residents of this Sahelian country, according to a report by the African...
An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results, according to a report released by the project team. The project rolled out in the country between 2012 and 2017 increased the incomes of rural producers and traders...
As part of efforts towards facilitating the country’s urbanization policy, Uganda government moves to decongest the city capital Kampala, by creating seven new cities across the East African country. According to David Bahati, the country’s minister of State for Finance, the creation is in line with the country’s urbanization policy...
As part of efforts towards making Africa a hub for light commercial vehicles, Nissan Motor Co reveals its plans to launch seven new models in Africa over the next two years, its company executives said recently. Following the pandemic, the company encountered its first annual loss in eleven years, as...
The Niger Delta University, located in Bayelsa State, in Nigeria’s South-South region, was honoured at the 4th Africa Summit 2020, which held virtually on Thursday 25 June 2020. The institution was praised for its proven record of preparing students for life beyond paid employment, which has become critical as...