Category: News

Vice President (VP) Bawumia Launches Digital Border Control System And E-Gates at Kotoka Airport

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Dr. Bawumia highlighted the significant of the Ghanacard in Ghana latest digital innovation, adding that laying the foundation for a robust national biometric The Vice President and Presidential Candidate of the NPP, Dr. Mahamudu Bawumia, has launched an innovative digital border control system and e-gates, at the Kotoka International Airport in Accra.   The digital border control system, which allows rapid biometric and facial immigration checks, will enable holders of the Ghanacard to swiftly go through designated e-gates without immigration officials on arrival at the Kotoka International Airport. Similarly, members…

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Over €156 Million Approved to Rehabilitate Cross-Border Roads in Burkina Faso, Mali, and Côte d’Ivoire

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The African Development Fund, a key institution of the African Development Bank Group, has approved €156.66 million in financing to support the rehabilitation and paving of 242 kilometers of cross-border roads connecting Burkina Faso, Mali, and Côte d’Ivoire. This ambitious project aims to strengthen transport infrastructure, boost local and regional economies, and improve access to social services for more than 4.5 million people in the region. Strategic Roads for Better Connectivity In Burkina Faso, the funding will rehabilitate the critical Bobo Dioulasso-Banfora-border with Côte d’Ivoire road (155 km), construct the…

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AFC Commits $500 Million to Transform Logistics and Trade in Southern Africa

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The Zambia-Lobito railway corridor, an ambitious project led by the Africa Finance Corporation (AFC), is entering a critical phase with increased support from international partners, including the United States. During a recent visit to Angola, U.S. President Joe Biden reaffirmed his country’s commitment to this initiative, marking a pivotal step in transforming the economies of Southern and Eastern Africa. At the Lobito Corridor Leaders Summit, co-hosted by Angolan President João Lourenço and President Biden, AFC CEO Samaila Zubairu announced that the railway project will launch in early 2026. The project,…

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Enakl: $1.4 Million to Reinvent Urban Mobility in Africa

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In the ecosystem of African technological innovation, Enakl has just distinguished itself with a significant pre-seed funding round of $1.4 million, with the ambition of marking a decisive turning point in transforming urban transportation across the continent. This funding round, led by Catalyst Fund and supported by renowned investors such as Renew Capital, Digital Africa, Station F, and several business angels, validates Enakl’s innovative approach in the field of urban mobility. Maxime Bayen, partner at Catalyst Fund, clearly explicates the vision behind this investment: “We chose to invest in Enakl…

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The bridge over the Logone River: a great leap forward for millions of people in Central Africa

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The bridge, which has taken five years to complete, puts an end to the dangers and limitations of old means of transport, opening a new era for cross-border trade Like thousands of people living along the Logone River, Pierre Fissou, a teaching adviser in the Mayo Danay departmental delegation for basic education in the town of Yagoua (Cameroon), knows the perils of crossing from one side to the other of the natural boundary.   “I often go to the other side, Bongot, for walks and to see people. We are…

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BANK OF AFRICA Revolutionizes the Ecosystem with its Collaborative Supply Chain Finance Platform

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A Digital Innovation Serving Moroccan Businesses BANK OF AFRICA confirms its position as a pioneer in innovation by launching the first 100% digital and collaborative platform dedicated to Supply Chain Finance (SCF) in Morocco. This innovative offering, accessible to prime contractors and suppliers, radically transforms financial flow management through a unique technological solution in the market. A Collaborative Platform Serving the Economy As part of its commitment to innovation and supporting economic ecosystems, BANK OF AFRICA has unveiled an unprecedented solution: SCF by BOA. This collaborative digital platform offers a…

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SUPPLY CHAIN INDUSTRY BODY SUPPORTS YOUTH, TACKLES SKILLS GAP AND UNEMPLOYMENT

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Supply chain industry body SAPICS has reinforced its commitment to developing South African youth by rolling out new initiatives and partnerships aimed at upskilling and empowering young graduates and professionals for career success, addressing the skills gap in the supply chain field and fighting the country’s high youth unemployment rate. According to Stats SA, youth aged 15 to 24 and 25 to 34 have the highest unemployment rates in the country at 60,8% and 41,7% respectively. In today’s volatile and chaotic business environment, where change is the only certainty, supply…

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Africa’s Healthcare Uprising: Medicine Manufacturers Kickstart a Revolution to Redefine the Continent’s Future

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AMMTEC 2024 unites Africa’s pharmaceutical industry to spark a healthcare transformation 2 December 2024 – The close of the first African Medicines Manufacturing Trade Exhibition and Conference (AMMTEC) ushers in a new era of energy and commitment, shaking up the status quo in the manufacturing of medicines for the continent’s health systems. From crisis to catalyst, never before have so many African medicine manufacturers united for change, demanding transformation in policy, practice, and accountability, to enable the right environment to produce the medicines Africa needs in order to save lives…

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33 African Countries Benefit from a Historic Tariff Exemption by China Since December 1, 2024

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As of December 1, 2024, China has implemented a groundbreaking policy: a full tariff exemption for all product lines from over 40 least-developed countries (LDCs), including 33 African nations. This initiative highlights Beijing’s commitment to supporting the economic development of its partners in Africa while strengthening South-South trade ties. Expanded Access to the Chinese Market: A Unique Opportunity for Africa By fully opening its market to products from LDCs, China reaffirms its determination to boost economic exchanges with Africa. Many African nations, heavily reliant on the export of raw materials…

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African Development Fund releases $81 million dollars for construction of road linking Guinea and Senegal to promote integration and trade

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The loan from the concessional window of the African Development Bank Group consists of $41.47 million for Senegal and $39.46 million for Guinea The Board of Directors of the African Development Fund approved a loan of $80.93 million to Senegal and Guinea for the construction of a new interstate road linking Labé and Mali in Guinea with Kédougou and Fongolembi in Senegal.   The loan from the concessional window of the African Development Bank Group consists of $41.47 million for Senegal and $39.46 million for Guinea. The financing will be…

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