IMF / Sub−Saharan Africa’s Regional Economic Outlook

Growth in sub-Saharan Africa is expected to slow to 3.6 percent in 2023, as a “big funding squeeze”, tied to the drying up of aid and access to private finance, hits the region, announced the IMF today (Friday, April 14, 2023) in a press briefing. If no measures are taken, this shortage of funding may force countries to reduce fiscal resources for critical development like health, education, and infrastructure, holding the region back from developing its true potential “I wish […]

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Africa Finance Corporation acquires Aker Energy ahead of development of the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana

photo Africa Eco Race

Aker Capital AS, 100 percent owned by Aker ASA (together referred to as “Aker”), and The Resource Group TRG AS (“TRG”) have agreed to sell their shares in Aker Energy AS (“Aker Energy”) to AFC Equity Investment Ltd, a company owned by Africa Finance Corporation (“AFC”). Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49.21 percent. The management team of Aker Energy will remain unchanged and will work towards submission of the Plan of […]

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Transform political commitment to action to achieve nutrition targets in Africa, Nutrition Champion urges

photo caption: King Letsie III of Lesotho speaks during the High-level Dialogue on Nutrition Financing held in Maseru, Kingdom of Lesotho; King Letsie III of Lesotho has urged African leaders to translate commitments into action to meet regional and international development targets. The monarch addressed a high-level meeting on financing nutrition hosted by the African Union from 23-24 March. He stressed the urgency for adequate financing to end hunger and malnutrition in all its forms as a prerequisite for achieving […]

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Earth from Space: Okavango Delta, Botswana

Botswana’s Okavango Delta – the world’s largest inland delta – is featured in this multitemporal radar image, captured by the Copernicus Sentinel-1 mission. Zoom in to explore this image at its full resolution or click on the circles to learn more about the features in it. The delta is fed by the Okavango River, which is often referred to as ‘the river that never reaches the sea’. This is because, unlike most rivers, its direction of flow is inland. Instead […]

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Iconic FIAT Brand Launches in Algeria

        Stellantis announces launch of six FIAT carlines coming to Algerian customers starting March 21: Fiat 500 Hybrid, Fiat 500X, Fiat Tipo, Fiat Doblò, Fiat Scudo and Fiat Ducato Investment contributes to development of the automotive sector in Algeria with a scaled plan covering manufacturing in Tafraoui – Oran of localized FIAT models and development of a robust sales and aftersales commercial network First wave of investments from Stellantis and its suppliers totaling over €200 million to […]

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Update on First BioNTainer for African-based mRNA Manufacturing Facility

BioNTech SE (Nasdaq: BNTX, “BioNTech”) reached the next milestone in the establishment of scalable mRNA vaccine production in Africa. The six ISO-sized shipping containers for the first BioNTainer have been flown to Kigali, Rwanda, where they have been welcomed by Sabin Nsanzimana, M.D., Ph.D., the Minister of Health of Rwanda and Sierk Poetting, Ph.D., Chief Operating Officer at BioNTech. Media material from today’s arrival of the containers and their unloading at Kigali International Airport is available here. In parallel, BioNTech […]

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Huawei and partners to boost digital inclusion in Uganda through DigiTruck project

DigiTruck will provide free digital skills training for more than 10,000 beneficiaries. Ugandan President H.E Yoweri Kaguta Museveni officially launched a new DigiTruck project in Uganda. The project will provide free training in digital skills for more than 10,000 beneficiaries over three years. Launched on March 8 at an event celebrating International Women’s Day (IWD) in Kiruhura District, the DigiTruck project is a part of Huawei’s TECH4ALL initiative, the company’s long-term initiative for driving inclusion and sustainability across the globe. […]

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Preview – Kyalami welcomes the World for Africa’s International Endurance race

2023’s Intercontinental GT Challenge Powered by Pirelli campaign continues this weekend in South Africa where some of the world’s best sports car teams and drivers have assembled for the Kyalami 9 Hour (February 23-25). This year’s event is the 36th edition of the South African Nine Hour Endurance Race, which was first staged at Grand Central in 1958. However, its duration, distance and location have all altered over the last 65 years. So, too, has the machinery and championships that […]

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