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March 17, 2017

Lights, Power, Action “Adesina and Kofi Annan urge governments to close Africa’s energy deficit”

“Lights, Power, Action”: AfDB’s Adesina and Kofi Annan urge governments to close Africa’s energy deficit

The Chair of the Africa Progress Panel and former UN Secretary-General, Kofi Annan, and the President of the African Development Bank, Akinwumi Adesina, have called on African governments and their partners to do everything possible to close the continent’s huge energy gap.

They made the call on Monday, March 13, 2017 in Abidjan, Côte d’Ivoire, at the launch of the Africa Progress Panel Report on “Lights, Power, Action: Electrifying Africa,” which calls for the adoption of every available on-grid and off-grid solution to light up and power Africa.

“The electricity [...]

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March 6, 2017

Plugging Africa into e-commerce

In the final quarter of 2016 South Africa participated in two critical global economic governance summits as the lone continental representative: the 11th G20 summit hosted by China and the 8th BRICS summit hosted by India. Both hosts placed e-commerce on the agenda, signalling a desire to engage on the topic. Meanwhile, on the multilateral front the WTO is exploring new trade issues beyond the Doha Development Round, in which e-commerce features firmly. But what does this all mean for Africa?

In the past decade, African states saw rapid economic growth tied to the commodities boom from the early 2000s, followed by the commodities bust.

While the boom resulted in some [...]

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March 6, 2017

President Akinwumi Adesina meets with Sudanese President Omar al-Bashir

President Akinwumi Adesina meets with Sudanese President Omar al-Bashir

On Monday, February 27, 2017 in Khartoum, African Development Bank President Akinwumi Adesina paid a courtesy call on the President of the Republic of Sudan, Field Marshal Omar al-Bashir, in the company of the Minister of Finance and Economic Planning, Badre Eldin Mahmoud Abbas, during an official visit to the country. Adesina was accompanied by the Executive Director, Kwabena Boadu Oku-Afari, who represents Sudan on the Bank’s Board; the AfDB Director General (East), Gabriel Negatu; and Sudan Country Manager for the Bank, Abdul Kamara.

The hour-long meeting created an opportunity for the two leaders to [...]

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March 6, 2017

German Government unveils Marshall Plan with Africa at the AfDB

German Government unveils Marshall Plan with Africa at the AfDB

The German Federal Minister for Economic Cooperation and Development, Gerd Müller, has unveiled his Government’s proposed “Marshall Plan” with Africa at the African Development Bank Group (AfDB), saying the Plan can help resolve some of the challenges facing Africa.

Briefing the Bank’s leadership in Abidjan on Thursday, Müller noted that while Africa remains a continent of opportunity with very dynamic development and a strong and promising youth, it faces many challenges.

The Minister and his delegation arrived in Côte d’Ivoire from Burkina Faso on the second segment of an African tour which includes [...]

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