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Ministry of Finance, Ethiopia
Source: Ministry of Finance, Ethiopia |

State Minister Calls for Rigor and Responsibility in Economic Discourse at Ethiopian Economics Association (EEA) Conference

The annual international Conference on the Ethiopian Economy brings together leading economists, academics, policymakers, and practitioners to deliberate on key economic developments and policy directions

State Minister of Finance, Dr. Eyob Tekalign, opened the 22nd International Conference on the Ethiopian Economy, organized by the Ethiopian Economics Association (EEA). In his keynote address, Dr. Eyob praised the EEA for its consistent contribution to policy-relevant research over more than two decades, highlighting the Association’s role as a…

African Development Bank Group (AfDB)

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    • The African Development Bank (AfDB) and Sustainable Energy Fund for Africa (SEFA) provide $40 million investment in equity platform Zafiri to accelerate renewable energy access across Africa
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Source: African Development Bank Group (AfDB) |

The African Development Bank (AfDB) and Sustainable Energy Fund for Africa (SEFA) provide $40 million investment in equity platform Zafiri to accelerate renewable energy access across Africa

Zafiri - jointly developed by the Bank, World Bank Group and other partners - aims to address the critical shortage of patient, longer-term equity capital needed to de-risk and scale Decentralized Renewable Energy solutions (DRE)

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a $40 million equity investment in Project Zafiri, a transformative equity platform and flagship initiative under Mission 300 (https://apo-opa.co/4m1ve7m). This investment will accelerate the expansion of renewable energy access across Africa. Zafiri - jointly developed by the Bank,…

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

Empowering Women through Clean Energy: African Development Bank Launches Country Diagnostics to Accelerate Inclusive Energy Transitions

Focusing on localized, actionable solutions, the reports identify opportunities to embed gender considerations into national energy planning, investment strategies, and policy frameworks

In a significant step toward advancing inclusive climate solutions, the African Development Bank (www.AfDB.org), in partnership with the Climate Investment Funds (CIF) (https://apo-opa.co/44PhRQI), has launched the Gender and Renewable Energy Country Diagnostics (https://apo-opa.co/3GXAwSi)—a pivotal initiative exploring the nexus between gender equity and energy access in six African countries: Ghana (https://apo-opa.co/450VUOL), Liberia (https://apo-opa.co/44DKrFW), Mali (https://apo-opa.co/44ZZLM5),…

Afreximbank

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    • Professor Benedict Oramah recognised for long service as Export Trading Group (ETG), TRACE, KCB and CBZ toast award success at 32nd Afreximbank Annual Meetings
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Source: Afreximbank |

Professor Benedict Oramah recognised for long service as Export Trading Group (ETG), TRACE, KCB and CBZ toast award success at 32nd Afreximbank Annual Meetings

The Pan-African Business and Development Awards, held annually during the Afreximbank Annual Meetings, are designed to celebrate and recognise transformative businesses and financial institutions within the African continent and in the diaspora

Key Highlights The third edition of the Pan-African Business and Development Awards has recognised and celebrated leading businesses on the continent and in the diaspora in alignment with Afreximbank’s push for a promotion of a Global Africa Marking his distinguished tenor, Professor Benedict Oramah, outgoing Afreximbank President, was honoured with…

African Development Bank Group (AfDB)

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    • Supported by the African Development Fund’s Climate Action Window, the project will improve rice seed availability for 11,000 farmers in 13 West African countries
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Source: African Development Bank Group (AfDB) |

African Development Fund supports climate-resilient rice value chains across West Africa

The project will support rice producers and processors in 13 countries: Benin, Burkina Faso, Côte d'Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone, and Togo

The Board of Directors of the African Development Fund (ADF) (http://apo-opa.co/4nUpfmv), the concessional funding window of the African Development Bank Group (www.AfDB.org), on 17 July 2025 approved a $9.44 million grant for the Africa Rice Center (AfricaRice) to strengthen the climate resilience of rice value chains across West Africa. Funded…

PalmPay

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Source: PalmPay |

PalmPay Named One of the World’s Top 300 Fintech Companies of 2025 by Consumer News and Business Channel (CNBC) & Statista

The selection is based on a rigorous evaluation of thousands of companies globally, assessing growth, innovation, market penetration, and impact

 PalmPay (www.PalmPay.com), a leading neobank and fintech platform focused on emerging markets, has been recognised in CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second year in a row that PalmPay has earned a place among the world’s most innovative and impactful financial…

Embassy of the People's Republic of China in the Republic of Zambia
Source: Embassy of the People's Republic of China in the Republic of Zambia |

Ambassador Han Jing Attends the Opening Ceremony of the First Invest Zambia International Conference

Chinese enterprises, active across all sectors of Zambia's economy and society, are vital participants and contributors to the nation's development

On July 16, the first Invest Zambia International Conference was held at the Mulungushi International Conference Centre. The three-day event, themed “Driving Generational Transformative Investments through Joint Ventures and Partnerships”, attracted participation from government departments, enterprises, financial institutions, industry organizations and diplomats from over 20 countries, totaling more than 1,500…

African Development Bank Group (AfDB)

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    • Left to right: Chinua Azubike, CEO of InfraCredit; Denis Charles Kouassi, CEO of Côte d'Ivoire’s National Social Security Fund; Ethiopis Tafara, Vice President of the International Finance Corporation; Boitumelo Mosako, CEO of the Development Bank of Southern Africa (DBSA); session moderator Victor Oladokun, Senior Advisor to the President of the African Development Bank Group for Communication and Stakeholder Engagement; and Timi Agama, Director General of Nigeria’s Securities and Exchange Commission
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Source: African Development Bank Group (AfDB) |

Africa's financial sovereignty: Mobilizing institutional capital for development and resilience

The continent faces an annual infrastructure funding gap of between USD 68 billion and USD 108 billion, while attracting only 2 percent of global investment in this sector

As global capital flows evolve and development assistance dwindles, Africa finds itself at a critical point. On 28 May, during the African Development Bank Group's 2025 Annual Meetings (www.AfDB.org), senior leaders, policymakers and financial experts gathered to chart a new course for the continent's financial future – one based on…

African Development Bank Group (AfDB)

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    • Mauritius: African Development Bank Urges Bold Reforms to Unlock Capital and Accelerate Sustainable Growth in 2025 Report
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Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank Urges Bold Reforms to Unlock Capital and Accelerate Sustainable Growth in 2025 Report

The report notes that while Mauritius continues to post strong economic performance—recording real GDP growth of 4.9% in 2024, slightly down from 5% in 2023—structural constraints and external shocks continue to undermine the country’s growth trajectory

The African Development Bank (www.AfDB.org) has urged Mauritius to accelerate structural reforms to unlock its vast capital potential and advance long-term, sustainable growth. The Bank made the call during the launch of its 2025 Country Focus Report for Mauritius, titled “Making Mauritius’ Capital Work Better for its Development.” The report…

Republic of South Africa: The Parliament
Source: Republic of South Africa: The Parliament |

Committee on Electricity Warns Against Job Losses as a Result of Just Energy Transition Plan

Regarding minimisation of any disruption that might occur, Eskom said that the transition not only includes sustainability but also energy security and affordability

The Portfolio Committee on Electricity and Energy expressed its concern over potential job losses as a result of the Just Energy Transition (JET) plan when it received a briefing from Eskom on the revised plan, decoupled from the decommissioning of plants. The Eskom JET strategy has been decoupled from the…