First Dakar 2026 initiatives to get underway on the ground in 2022

The third Coordination Commission meeting for the Youth Olympic Games (YOG) Dakar 2026 was held virtually on 15 October to take stock of the progress on the first sports development initiatives in Senegal. The Commission also received status updates on the ongoing renovation and construction work. Since the four-year postponement of the YOG in Dakar was announced a year ago, the International Olympic Committee (IOC) and Dakar 2026 have been working closely to make the most of this additional time […]

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African Development Bank highlights the need for strategic partnerships and innovative financing mechanisms…

… to promote quality education and skills development The African Development Bank joined the Global Partnership for Education and other multilateral development banks during the Global Education Summit: Financing GPE 2021-2025(link is external), to call for stronger strategic partnerships to build innovative financing mechanisms in support of quality education and skills development. The summit was co-hosted by the President of Kenya, Uhuru Kenyatta, and U.K. Prime Minister, Boris Johnson. The Bank’s Vice President of Agriculture, Human and Social Development, Dr. […]

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Pfizer and BioNTech Announce Collaboration with Biovac to Manufacture and Distribute COVID-19 Vaccine Doses within Africa

Biovac will perform manufacturing and distribution activities within Pfizer’s and BioNTech’s global COVID-19 vaccine supply chain and manufacturing network, which will now span three continents and include more than 20 manufacturing facilities. To facilitate Biovac’s involvement in the process, technical transfer, on-site development and equipment installation activities will begin immediately. Pfizer and BioNTech expect that Biovac’s Cape Town facility will be incorporated into the vaccine supply chain by the end of 2021. Biovac will obtain drug substance from facilities in […]

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Case studies from Benin, Cameroon, Ghana and the Republic of Congo underline importance of regional integration to intra-Africa trade in wood products

Regional economic integration can boost trade in wood products among African countries, according to the findings of a new report produced by the African Natural Resources Centre of the African Development Bank. The report, Intra-African Trade in Wood Products – Case studies from Benin, Cameroon, Ghana and the Republic of Congo, published on 19 May, explores the role that forest value chains can play in advancing Africa’s development objectives. The continent’s significant forest resources are under-utilized, the report notes. Also, despite […]

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The Sustainable Energy Fund for Africa reports record number of transactions in 2020, secures $90 million in new funding

The Sustainable Energy Fund for Africa (SEFA) approved seven high-impact projects worth $54 million in 2020, its best year in spite of challenging Covid-19 conditions, according to its recently released 2020 Annual Report. SEFA, managed by the African Development Bank, focuses on green baseload, green mini-grid, and energy efficiency investments. The Fund, founded in 2011, transformed into a Special Fund on 31 October 2019. The report, titled Building Foundations for Success, also details the Fund’s success in attracting increased donor […]

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Africa’s potential in the blue economy highlighted in the World Water Congress

Thirty-eight countries in the African continent are bordered by the ocean or the sea, but for 70% of them, their maritime exclusive economic zones are largely under-exploited. The maritime zones under African jurisdiction cover some 13 Million km2 and some 6.5 km2 of continental shelf. In a video(link is external) broadcast on 1 June last during the Digital World Water Congress organized by the International Water Association (IWA), the President of the African Development Bank, Dr Akinwumi A. Adesina, extolled the […]

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German Chancellor Merkel Africa Envoy to drive green hydrogen, Energy Transition at African Energy Week 2021 in Cape Town

The African Energy Chamber (www.EnergyChamber.org) is proud to announce that H.E. Gϋnter Nooke, personal representative of the German Chancellor for Africa, will be attending and participating at African Energy Week (AEW) 2021. Representing a prominent figure in Germany-Africa relations, Nooke’s attendance is expected to drive a discussion around Africa’s green hydrogen potential and emerging projects, the move towards a continent-wide energy transition and the value of international energy partnerships.   According to a Focus on Hydrogen report by Clifford Chance, […]

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