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Oramah leads African multilateral, private sector institutions to Mauritanian President and AU Chair, pledge support for Africa’s development

Nouakchott: 17 May 2024: A group of African multilateral institutions including members of the Alliance for African Multilateral Financial Institutions (AAMFI) paid a courtesy visit on His Excellency, Mohamed Ould Cheikh Al-Ghazouani, the President of the Islamic Republic of Mauritania, and Chairperson of the African Union (AU) to convey their …

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Afreximbank backs expansion of Silversands Hotel in Grenada with US$ 30 Million facility

CAIRO, Egypt African Export – Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$ 30 Million financing facility to Joyau Des Caraibes Limited (JDC); the Caribbean subsidiary of ORA Developers, for the expansion of Silversands Hotel in St. Georges, Grenada. Silversands Hotel is part of a luxury chain of hotels owned by …

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Africa CEO Forum: Dangote calls for more investments to propel Africa’s economic growth

President of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote has called for increased investments in the African continent to foster its rapid growth and development. Speaking at the largest gathering of private sector leaders in Africa, the Africa CEO Forum in Kigali, Rwanda, Dangote emphasized that recent trends …

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West Africa must work in unison to defeat terrorism, human trafficking, Tinubu tells Faye of Senegal

President Bola Tinubu on Thursday received President Bassirou Diomaye Faye of Senegal and called for an alignment of purpose and structure in West Africa to effectively address the challenges confronting the region. Speaking during a meeting with the Senegalese President at the State House, President Tinubu said West Africa must …

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Tinubu launches education campaign, says no child should be excluded from learning  

President Bola Tinubu on Monday launched a campaign to promote inclusive education, skills development, and gender equity. The campaign, tagged #WeAreEqual, is an initiative of the Organization of African First Ladies for Development (OAFLAD). The campaign has been launched in 15 African countries in different iterations, focusing on health, education, …

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Must-watch film, “DELA: The Making of El Anatsui” premieres, Sunday, May 12, at Lincoln Center, New York, USA

….To Premiere at the 31st New York African Film Festival   The North American premiere of “DELA: The Making of El Anatsui,” an intriguing biographical documentary that records the extraordinary life and artistic journey of globally-recognised Ghanaian sculptor El Anatsui, has been selected to screen at the 31st New York …

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New York City Commissioner, Laurice Cumbo, Bobby Digi, their son, Prince, shine at 2024 Mets Gala in Moshood Creations’ outfits

In a heartwarming display of family unity and cultural pride, Commissioner Laurie Cumbo, the Commissioner of Cultural Affairs of New York City, Bobby Digi and their son, Prince, made a stunning appearance at the 2024 Mets Gala. The family of three turned heads with their evergreen Moshood Creations outfits, showcasing …

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Conference to advance Africa’s dev’t through philanthropy holds

Some stakeholders in the philanthropy business in Africa have put together a conference to advance the development of the continent through philanthropy efforts. The Programme Coordinator of the Fifth African Philanthropy Conference, Briggs Bomba, who disclosed this on Wednesday in Senegal, said the conference would facilitate progressive dialogue and action …

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Education in Africa in very bad shape – Amb. Mohammed, AU Permanent Observer to the UN

Statistics have showed that education in Africa is in dire straits and needs collective action by the countries of the continent, and collaboration with international bodies and development partners for  the situation to be redressed. The number of out-of-school children in Africa, for instance, has, according to the African Union …

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Togolese president promulgates new constitution for parliamentary system

Lome, May 7, 2024 Togolese President, Faure Gnassingbe, has promulgated the constitutional amendment, formally switching Togo from a presidential to a parliamentary system, said a presidency statement. Gnassingbe promulgated law number 2024-005 revising the Togolese Constitution, “marking a new stage in institutional life,” said the statement issued by the Togolese …

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Solid start to 2024: UBA consolidates gains as Gross Earnings rise by 110%, profit for Quarter hits N156bn – delivering a YoY growth of 165%

United Bank for Africa Plc (UBA), Africa’s Global Bank , released its financial results for the first quarter ended March 31st, 2024, showing very strong growth across key performance measures. The Group’s results, which were released to the Nigerian Exchange Limited (NGX) on Friday May 3rd, 2024, saw outstanding year-on-year …

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Nigerian, Ugandan journalists share experiences on impact of oil industry on environment

Nigerian and Ugandan journalists on Saturday concluded a knowledge and experience exchange programme on the environmental impact of oil extraction. The programme was facilitated by the Africa Institute for Energy Governance (AFIEGO). The virtual interaction had reporters from both countries compare notes on reporting the impacts of oil exploration and …

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Nigeria accedes to Afreximbank’s Fund for Export Devt agreement

By Okeoghene Akubuike Abuja, May 3, 2024 Nigeria has become the latest signatory to the Establishment Agreement of the Fund for Export Development in Africa (FEDA), the development impact-oriented subsidiary of African Export-Import Bank (Afreximbank). This is contained in a statement signed by Vincent Musumba, Manager, Media Relations, Afreximbank, in …

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UBA champions youth empowerment through Graduate Programme, employs 398 across Africa.

Africa’s Global Bank, United Bank for Africa (UBA), held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience. The event, which was held in a grand ceremony …

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Morocco’s first Radisson-branded hotel opens in Casablanca

CASABLANCA, Morocco, May 2, 2024 Radisson Hotel Casablanca Gauthier La Citadelle (https://apo-opa.co/3ToAJ36) (www.RadissonHotels.com) opens its doors as the first upscale Radisson-branded hotel in Morocco. Situated in the heart of the vibrant Gauthier district in Casablanca, the thriving port city that fronts the Atlantic Ocean, the opening of Radisson Hotel Casablanca Gauthier …

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Afreximbank to discuss mobilizing investment in African Energy at Invest in African Energy 2024

PARIS, France, May 2, 2024 Director of Project and Asset-Based Finance for the African Export-Import Bank (Afreximbank), Helen Aigbe Brume, will discuss financing Africa’s energy growth at the Invest in African Energy (IAE) forum in Paris. Committed to financing and promoting intra- and extra- African trade, Afreximbank plays a leading …

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