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    • Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say
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Source: African Development Bank Group (AfDB) |

Close partnership between India and Africa could improve the welfare of 2.5 billion people post Covid-19, participants at 2021 Indo-Africa business conclave say

Participants said India and Africa should boost efforts to improve access to medicines, including vaccines and other essential drugs to tackle Covid-19 and future pandemics

The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership (https://bit.ly/3rgmnDG) affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar,…

Source: African Development Bank Group (AfDB) |

Korea to channel $600 million into energy investments alongside the African Development Bank

The Korea-Africa Energy Investment Framework (KAEIF) pact follows the signing on 28 May 2021 of a General Cooperation Agreement between the Bank and the Korean government

The African Development Bank (www.AfDB.org), the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank. The Korea-Africa Energy Investment Framework (KAEIF) pact follows the signing on…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Fund: Japan, African Development Bank Group, sign JPY 73.6 billion loan agreement

The concessional donor loan will support the 15th replenishment of the African Development Fund, approved in December 2019 by ADF donor countries

The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF) – the concessional arm of the African Development Bank Group (www.AfDB.org) – on Tuesday signed a loan agreement of 73.6 billion Japanese yen ($668.1 million) to support the 15th replenishment of the African Development Fund (ADF-15). During a…

Source: African Development Bank Group (AfDB) |

Indo-Africa Summit panel calls for strong Public-Private Partnerships (PPPs) to close Africa’s infrastructure gap, strengthen trade

The three-day event, which took place virtually from 4 to 6 November, drew lessons from India’s public-private partnership experience, which some speakers described as a good model for Africa

Panelists at the IMC Indo-Africa Summit called for stronger public-private partnerships to close Africa’s infrastructure gap and speed up intra-continental and world trade. The three-day event, which took place virtually from 4 to 6 November, drew lessons from India’s public-private partnership experience, which some speakers described as a good model…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Africa Offers Asian Business an Abundance of Investment Opportunities, Webinar Participants Learn

The two-hour virtual event, held in English, Korean, and Chinese, offered participants an opportunity to learn more about the Bank and its operations

The African Development Bank (https://www.AfDB.org/) today held a workshop to convey the continent’s immense investment and partnership opportunities to Asian business leaders, particularly as the continent seems poised to return to economic growth in 2021 following the impact of the COVID-19 pandemic. The two-hour virtual event, held in English, Korean,…

Source: African Development Bank Group (AfDB) |

Despite COVID-19 pandemic, Africa still a prime investment destination, participants affirm at African Development Bank (AfDB) webinar for Asian audiences

The webinar noted that the policy recommendations of the African Economic Outlook Supplement could be regarded as important opportunities for investments

Participants at a webinar to present the African Development Bank’s (www.AfDB.org) African Economic Outlook Supplement (https://bit.ly/33pjJjy) to Asian audiences on Monday have endorsed the report as critical for post-COVID-19 Africa. The supplement revises the growth projections and outlook for Africa for 2020 and 2021 and highlights the impact of COVID–19 on…

Source: African Development Bank Group (AfDB) |

‘Africa’s outlook is positive,’ African Development Bank tells Indian investors and officials

The African Development Bank and India have a long-standing strategic partnership dating back almost 40 years to 1982

The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of Indian Industry (CII) and its partners, officials called for Indo-African partnerships to go beyond government-to-government cooperation and promote private sector participation in order to accelerate…

Source: African Development Bank Group (AfDB) |

After COVID-19, will Africa Catch Up, Stand Still or Fall Further Behind? (By Professor Banji Oyelaran-Oyeyinka)

With this crisis comes an economic disruption of unprecedented proportion

At one time or another, nations and individuals confront crisis points – moments of existential challenge that also open up new possibilities. African countries, at just such a crisis point as a result of the novel coronavirus, face three possible outcomes post-pandemic: play catch-up, stand still or fall even further…

Source: African Development Bank Group (AfDB) |

North Africa Economic Outlook 2020: An unparalleled crisis and a conditional recovery

Socioeconomic stability, social inclusion and human capital development are prerequisites for resilience and emerging from the crisis

In 2020, the region will face an economic contraction forecast between 0.8 and 2.3%; Socioeconomic stability, social inclusion and human capital development are prerequisites for resilience and emerging from the crisis. The tourism and industrial sectors in North Africa are likely to be hardest hit by the COVID-19 pandemic, according…

Source: African Development Bank Group (AfDB) |

Ghana Cocoa Board, African Development Bank and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana

Ghana supplies 70% of all cocoa beans imported into Japan and cocoa is seen as one of the nation’s most essential import commodities

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across…