Investing to change lives: IFC and AfDB seek to boost private sector in Africa

Enhancing partnerships with a view to boosting private sector as the driving force for sustainable and inclusive growth in Africa is one of the main priorities for the African Development Bank’s Private Sector Department (OPSD) and the International Finance Corporation (IFC). For this reason, the African Development Bank hosted a high-level delegation from the IFC for two days of meetings on May 6 and 7, 2015 in Abidjan, to deepen relationships...

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AfDB showcases initiatives for addressing climate change at Africa Climate Resilient Infrastructure Summit

The first Africa Climate Resilient Infrastructure Summit (ACRIS I), which concluded on April 29, 2015 in Addis Ababa, Ethiopia, offered an opportunity for the African Development Bank to showcase its Climate Safeguard System (CSS). It aligns with the Bank’s Ten-Year Strategy 2013-2022, whose core objective is to promote green growth through sustainable and climate-resilient infrastructure in the region. The CSS was developed to help reduce vulnerability of...

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South Africa tops Sub-Saharan Africa tourism ranking

South Africa has been ranked first in Sub-Saharan Africa on the biennial World Economic Forum Travel’s global Travel and Tourism Competitiveness Index (TTCI) 2015 released in Geneva, Switzerland on Wednesday. Snatching the zenith from Seychelles in the Sub-Saharan Africa category, South Africa was ranked at number 48 globally, while the archipelago of islands was second in the region and followed at a somewhat distant 54 on the world stage. Seychelles...

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Safarilink: Nairobi Wilson Airport to Vipingo Ridge

Safarilink will later today officially announce the launch of daily services from Nairobi’s Wilson Airport to Vipingo Ridge. Kenya’s premier safari and business airline is breaking new ground when they will reliably link Kenya’s premier coastal golf resort from the 01st of July onwards with the capital without the need to fly via either Mombasa or Malindi. The 1.5 km long hard surface strip near the entrance of the Vipingo Ridge Resort will be...

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She Leads Africa Launches 2015 Entrepreneur Showcase With $15,000 Cash Prize For Winners

The Entrepreneur Showcase is the flagship program of She Leads Africa and shines a spotlight on women who are driving Africa’s growth through leadership, commerce and innovation. This event is the premier platform for young female entrepreneurs looking to grow and scale their businesses across Africa. Participants in the competition will compete for $15,000 in cash prizes, media features in international news outlets, and exclusive meetings...

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All Set for Nigeria Entrepreneurs Awards, 2015

Entrepreneurs are the corner stone of the economic prosperity in developed countries. Nigeria however; is on the verge of an economic revolution. The 2015 Nigeria Entrepreneurs Awards, with the theme; ‘BUILDING A PROSPEROUS ECONOMY; ENTREPRENEURSHIP AS AN ECONOMIC FORCE” recognizes and celebrates the hardwork, innovation and indispensable contributions of entrepreneurs to our nation’s economy. The Awards will recognize...

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World Bank $500 Million Facility and Improving Maternal and Child Health in Nigeria

The Board of Executive Directors of the World Bank Group, last month, approved a $500 million International Development Association (IDA) credit for Nigeria. The IDA is the window of the World Bank which offers grants and low- to zero-interest loans for projects and programmes that boost economic growth, reduce poverty, and improve standard of living. The facility granted Nigeria was designed to bring about significant improvements in...

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GM celebrates 500 million global milestone

This week General Motors celebrates 500 million vehicles built globally over the past 106 years - the most by any automaker to date. GM is the first vehicle manufacturer to achieve this milestone and remains focused on being the most valued automaker in the world. While GM celebrates this achievement, General Motors South Africa (GMSA) is proud to have produced 2.76 million of these vehicles in the country since it started manufacturing...

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Burundi president confirms will seek third term

Bujumbura (Burundi) (AFP) - Burundi's President Pierre Nkurunziza insisted Wednesday he would run for a third term in an election in June, defying international pressure to change his mind in a crisis that has sparked deadly protests. A day after the Constitutional Court ruled he could stand for another term, Nkurunziza said it would be "the last mandate" he would seek, adding that holding an election was "the only solution" to emerge from...

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Ivory Coast bans skin whitening creams

Ivory Coast has banned skin whitening creams, which are widely used in West Africa, because of fears they cause lasting damage to health, the health ministry said Wednesday. "Cosmetic lightening and hygiene creams... that de-pigment the skin... are now forbidden," the ministry said in a statement. The ban affects whitening creams and lotions containing mercury and its derivatives, cortisone, vitamin A or more than two percent hydroquinine,...

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Samsung Hopes Galaxy S6 Will Help Reverse 39% 1Q2015 Earnings Slide

Samsung Electronics Co. predicts the new Galaxy S6 devices will help to reverse declining earnings and spark profits from its smartphone and components businesses. Shares rose on the prediction. Samsung expressed the coming revival on Wednesday after reporting its fourth straight quarterly drop in net income. Consumers have been switching to Apple Inc.’s larger iPhones and cheaper Chinese devices as the rising South Korean won makes Samsung...

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FMC Technologies, UniPort to Develop Next-Gen Subsea Engineers

FMC Technologies, Inc. announced on Tuesday, collaboration with one of Nigeria’s premiere academic institutions, the University of Port Harcourt, with the intent to create the first Master of Science degree in Subsea Engineering offered in Nigeria. Program curriculum will be developed in collaboration with industry experts to ensure students are prepared for work in the offshore oil and gas industry. The University will be...

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Miss World 2014 adds endemic trees to Seychelles Botanical Gardens

Miss Seychelles…another world 2014 Camila Estico was joined by the three beauty queens from Australia, Tanzania, and the United States of America this weekend to add four endemic plants to the grounds of the Seychelles Botanical Gardens in Victoria. The tree planting activity was organized by the Seychelles Tourism Board in close collaboration with the National Botanical Gardens Foundation. Present at the ceremony were the Minister...

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