Category: News

MCC, Kenya Launch $60 Million Threshold Program During U.S. State Visit

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WASHINGTON, DC (May 23, 2024)—Today the Millennium Challenge Corporation (MCC) Chief Executive Officer (CEO) Alice Albright and His Excellency President William Ruto launched the Kenya Urban Mobility and Growth Threshold Program . This partnership affirms 60 years of diplomatic relations with Kenya. This week President Joseph R. Biden hosted President Ruto for a State Visit to celebrate and deepen ties between the two countries, which share a commitment to inclusive economic growth and democracy. The MCC-Kenya Urban Mobility and Growth Threshold Program, signed in September 2023, tackles the economic growth challenges…

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West Africa gets a tool to boost regional exports

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A new online tool, the West Africa Competitiveness Observatory, was launched on May 21 to help countries in the region increase intra-regional trade and better position themselves on global markets. Developed by the ECOWAS Commission and the International Trade Centre (ITC), with financial support from the European Union, the Observatory provides policymakers and businesses with valuable information and analysis to identify business opportunities and improve their competitiveness. “The Observatory will provide important information to policymakers and businesses to take advantage of international markets. By helping SMEs to effectively access the…

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Abidjan – Lagos Corridor: opening of the workshop to validate the results of the Spatial Development Initiative Study

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This project to build the Abidjan-Lagos corridor, implemented by ECOWAS, is a 1028 km supranational motorway that forms a major part of the trans-African road network The Economic Community of West African States (ECOWAS) Commission, in collaboration with the African Development Bank (AfDB), is organising a validation meeting for the Spatial Development Initiative (SDI) study for the Abidjan-Lagos Corridor from 14 to 16 May 2024 in Accra, Ghana. This three-day meeting brings together experts from the ECOWAS Department of Infrastructure, the ECOWAS Project Preparation and Development Unit (PPDU), representatives of…

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Pan-African Payment & Settlement System (PAPSS) Hosts its Inaugural Bank Chief Executive Officers Consultative Forum

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Système Panafricain de Paiement et de Règlement (PAPSS) Accueille son Premier Forum Consultatif des PDG de Banque

Participants at the Forum agreed to take collective ownership of the success and the future of PAPSS given its significant and hugely positive impact on the facilitation of cross-border payments and the development of intra-African trade Promoters of the Pan-African Payment & Settlement System (PAPSS), namely African Export-Import Bank (Afreximbank or “the Bank”) (https://www.Afreximbank.com), African Union Commission (AUC) and African Continental Free Trade Area (AfCFTA) Secretariat, successfully organized the first Consultative Forum of CEOs of African Banks bringing together executives of African commercial banks, bankers’ associations, payment switches, the association…

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Over 3 Trillion FCFA Invested Since 2011 to Build, Extend and Modernize the Ivorian Road Network

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More than 3 trillion FCFA have been invested since 2011 in the construction, extension, and modernization of the Ivorian road network, Prime Minister Robert Beugré Mambé affirmed on Monday, May 13, 2024, in Abidjan, at the Sofitel Hôtel Ivoire in Cocody. He presided over the official opening ceremony of the 21st General Assembly of the Association of African Road Maintenance Funds (AFERA) on the theme “Towards sustainable financing of road funds for better maintenance of the African road network”, with 35 countries participating. “From 2012 to 2023, the State of…

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ECOWAS, ICAO and BAGASOO Update Technical Agreements to Accelerate Implementation of the West and Central Africa Air Transport Development Support Program (PASTA-CO)

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The ECOWAS Commission’s Directorate of Transport convened officials from the International Civil Aviation Organization (ICAO) and the Banjul Accord Group on Safety Oversight (BAGASOO) from May 7-9, 2024, in Lagos, Nigeria, to review the implementation of the West and Central Africa Air Transport Development Support Program (PASTA-CO). The PASTA-CO project, funded by the African Development Bank and complemented by contributions from the ECOWAS community budget, aims to provide safe and efficient air navigation services in a unified airspace to support trade and regional socio-economic integration in West and Central Africa.…

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Senegal: Towards General States of Transport for Sector Transformation

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The Ministry of Infrastructure and Land and Air Transport, Malick NDIAYE, has announced the upcoming organization of general states of transport in Senegal. This initiative, scheduled for the end of July 2024, aims to lay the groundwork for a profound and lasting transformation of the transport sector in the country. The announcement was made on Tuesday, May 7, 2024, during an initial meeting between the new minister and representatives of road transport unions. Objectives of the General States These meetings aim to determine, based on sector challenges, concerted measures to…

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Opening ceremony of the consultative meeting on regional railway transport

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Cérémonie d’ouverture de la réunion consultative sur le transport ferroviaire régional

(ECOWAS) Experts from ECOWAS Member States, regional organisations and development partners are meeting in Accra, Ghana, from 9 to 10 May 2024 to examine the railway component of the ECOWAS Regional Infrastructure Master Plan (RIMP) and ensure the harmonisation of railway infrastructure development in the ECOWAS region. The meeting will also provide an opportunity to discuss not only updates on the progress of various regional railway infrastructure projects, but also financing models that can be used to fund the railway component of the RIMP. Three speeches were delivered at the…

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The Canada-Africa Chamber of Business celebrates 30 years of accelerating trade and investment in Toronto

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With messages from Prime Minister Justin Trudeau, Trade Minister Mary Ng and Premier Doug Ford – among others – the Canada-Africa Chamber’s (www.CanadaAfrica.ca) contribution to Canada was celebrated this week.   Over 150 members and invited guests attended the 30 Year-Anniversary on Tuesday 7 May 2024, with the keynote address by Joe Lombard, Vice Chairman of Hatch. Gabriel Tshitende, founder and CEO of Elephant Trade-Services DRC, as well as Founding Chair of the Chamber, Stephen Pincus, a Partner at Goodmans LLP, also addressed delegates. The historic ballroom of the National…

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Air Côte d’Ivoire Inaugurates Direct Flight to Casablanca

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(Logis-T Africa) On Monday, May 6, 2024, at precisely 4:10 PM, Air Côte d’Ivoire’s inaugural flight from Abidjan to Casablanca landed at Mohammed VI International Airport in Casablanca. This event marks the beginning of a new era of strengthened cooperation between the two nations, fostering trade, tourism, and cultural ties. The Airbus A320 carrying the Ivorian delegation, including Transport Minister Amadou Koné and aviation officials, was greeted with enthusiasm by Moroccan authorities. A water cannon salute, an honor guard, and applause marked this historic occasion. This new direct route between Abidjan…

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