Inflation, Weaker Currencies and Climate Change Top List of Concerns for African Economies, According to New Survey

45% of surveyed CEOs are worried by financial risks,of these, more than 60% are concerned about currency depreciation. The need to adapt to climate change was the second most pressing issue. New survey takes the temperature of business across Africa. Financial risks, including currency depreciation and inflation, is topping the list of challenges facing the 54 African economies in the year ahead. That’s according to a new survey of the continent’s leading insurance professionals, conducted by the pan-African reinsurer, Continental Reinsurance. […]

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Africa Eco Race – Final stage without surprises, with video

AFRICA ECO RACE 2022 – STAGE 11 During the briefing on Friday evening at the Ouad Naga bivouac, Manfred KROISS, the Sporting Director of the AFRICA ECO RACE 2022, had indicated that the final timed sector was complicated because the tracks were covered with vegetation, masking the traps of the track. He therefore advised competitors, especially those on motorbike, to be very vigilant. A message received by all because there was not the slightest problem on this last special of […]

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Africa Eco race 2022 stage 7 with video

After the cancellation of the first special stage in Mauritania, everyone was eager to get started yesterday morning at the start of this 7th stage between Chami and Akjoujt. VIDEO: STAGE 7 – RACE The start had been brought forward by 30 minutes so that the competitors could avoid driving in the high temperatures of the afternoon. Even though yesterday’s route was particularly difficult, there were no real problems for the participants of this 14th edition of the AFRICA ECO […]

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The Africa Eco Race has seriously began – Day 1 & 2 with videos

VIDEO: STAGE 1 – RACE REPORT VIDEO: STAGE 2 – RACE REPORT Stage 1Leg Nador / Bousaïd 605kmLiaison: 118 km – Special stage: 94 km – Liaison: 393 km A FIRST STAGE WITHOUT ISSUES FOR THE AFRICA ECO RACE 2022 As soon as the competitors drove off the ATLAS ferry from the Italian company GNV, they set off for a 118km liaison which was just far enough to warm up the engines before diving straight into the race. Tuesday’s stage […]

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African Development Fund extends $3 million in additional financing for Liberia’s Special Agro-Processing Zone scheme

photo: Women selling various grains at a community market in Monrovia, Liberia. The Board of Directors of the African Development Bank Group has approved an additional $3 million of mixed financing for the Special Agro-Industrial Processing Zone project in Liberia. The financing, approved on 12 October 2022, comprises a loan of $2.92 million and an $80,000 grant sourced from the African Development Fund, the Bank Group’s concessional lending arm for the continent’s low-income countries. On 20 October 2021, the African […]

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African Development Bank to showcase its youth agenda at Youth Connekt Africa Summit

What:      African Development Bank to host session at Youth Connekt Africa Summit Who:      The Government of Rwanda; YouthConnekt Africa Hub, the United Nations Development Programme; African Development Bank, Development Partners When:     14 October 2022 Where:    Intare Conference Arena, Kigali, Rwanda African Development Bank Vice President for Private Sector, Infrastructure and Industrialization Solomon Quaynor will join Africa’s young generation of innovators, policymakers, champions and leaders at the 2022 Youth Connekt Africa Summit, taking place in Kigali, Rwanda, from 13 to15 October […]

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Extreme E progresses legacy projects in Senegal

A year on from the Ocean X Prix in Season 1, Extreme E returned to Lac Rose, Senegal, as part of its continued commitment to fighting climate change and supporting communities in the area. The vast expanse of the Atlantic was a scenic backdrop for the second event on the Extreme E calendar last year, but a closer look revealed the challenges the environment and its locals face as a result of climate change and plastic pollution. For its Senegal […]

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AAAM/VDA Lead a Study tour to Morocco

Due to many factors including its proximity to Europe, highly skilled human capital, political stability, and free trade agreements with the USA, EU, and other countries, the Kingdom of Morocco has attracted many global automotive players over the last few years. For the year 2021, estimated passenger vehicle production was reported at 403,007 vehicles with some 175, 360 units sold locally whilst 358, 745 were exported. Renault and Stellantis are the main OEMs with CKD manufacturing facilities in the country, […]

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