Tag Archives: Africa

Africa needs $100bn annually to close infrastructure financing gap – AfDB

Africa needs $100bn annually to close infrastructure financing gap – AfDB

The President of African Development Bank (AfDB), Dr Akinwumi Adesina, says African countries need 100 billion dollars annually to close its infrastructure financing gap. Adesina disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. He said that the bank had invested a lot in infrastructure, adding that the

U.S education enrolment‎: Nigeria rated 1st in Africa, 18th in the world

Nigeria was rated first in Sub-Saharan Africa and eighteenth in the World for International U.S higher education enrolment. The U.S Education Advisory Supervisor, Folashade Adebayo made this known in Abuja during the 16th Annual College and Career fair organised by the U.S mission in Nigeria. Mrs Adebayo also said that for the 2015/2016 Academic year,

Facebook to launch satellite to expand Internet access in Africa

Facebook Inc said it would launch a satellite in partnership with France’s Eutelsat Communications to bring Internet access to large parts of sub-Saharan Africa. The satellite, part of Facebook’s Internet.org platform to expand internet access mainly via mobile phones, is under construction and will be launched in 2016, the companies said on Monday. The satellite,

Urban Lifestyle Festival, “BET Experience”, Comes to Africa

Come 12 December, the spectacular global celebration of urban culture, music and lifestyle, from entertainment channel, BET, will be making its African debut. Dubbed, BET Experience Africa, the inaugural event will bring together lovers of urban culture and music that would be treated to an all day long, non-stop entertainment fest at the Ticketpro Dome,

Facebook rakes in users in Nigeria and Kenya, eyes rest of Africa

Facebook has nearly 20 million users in major African markets – Nigeria and Kenya, statistics released by the social network showed on Thursday. Facebook opened its first African office in Johannesburg in June as the continent’s growing population and relatively low levels of internet access present a large untapped market for the social network to

Adesina sworn-in as AfDB president, to tackle Africa’s power shortages

Dr Akinwumi Adesina, the new President, African Development Bank (AfDB), says he will in the incoming years focus on tackling Africa’s chronic power shortages to unlock its economic potential. Adesina, a former Nigerian agriculture minister, said this at his swearing in as AfDB’s eighth president on Tuesday in Abidjan, Cote d’Ivoire. He said unlocking the

Obama warns world leaders to change attitude towards Africa

Visiting U.S. President Barack Obama to Ethiopia on Wednesday urged world leaders to change their attitude toward Africa. In a historic speech at the AU, Obama spoke strongly against corruption, bad leadership and economic exploitation of Africa by foreign powers, without naming any countries. He, however, sent a strong message to African leaders against extending

Nigeria, other African countries to integrate capital markets

The Securities and Exchange Commission (SEC) Wednesday, signed a Memorandum of Understanding (MOU) with Capital market regulators in the West African sub region with a mission to integrate African capital market. They agreed to come together to establish a mutually acceptable basis for cooperation and consultations to foster market integration in the region. This was

Osinbajo urges African nations to invest in renewable energy, reduce bureaucracy, tariff

The Vice President, Prof. Yemi Osinbajo, has urged African nations to focus greater attention on development of renewable energy as major source of electricity. He also called for the reduction of bureaucracy and tariffs in order to make the business environment on the continent both attractive and profitable. The advices are contained in his speech

African leaders commit to Agenda 2063 as AU summit ends

The African Union (AU) ended its 25th summit on early Tuesday morning in Johannesburg, pledging to fulfill Agenda 2063, a blue print for future development of the continent. At the two-day summit, African Heads of State and Government discussed Agenda 2063, woman empowerment, the political crisis in Burundi. They also discussed proposals for the continental