Category: News

Afreximbank records deals worth about US$1 billion as Intra-African Trade Fair (IATF2023) continues

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The Bank also announced the conclusion of cooperation agreements with the Comoros National Investment Promotion Agency (ANPI – Invest in Comoros), the Kenya Private Sector Alliance (KEPSA) and the Kenya Association of Manufacturers (KAM), aimed at accelerating intra-African trade and investment CAIRO, Egypt, November 13, 2023The third day of the third Intra-African Trade Fair (IATF2023) concluded with attendees witnessing the signing of financing and other agreements valued in excess of one billion dollars between the African Export-Import Bank (Afreximbank) and several leading business entities from across the continent. United Bank…

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Senegal: CETUD Continues Its Commitment to Innovation in Urban Mobility with the Third Edition of the Innovation Prize

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The commitment to innovation in urban mobility remains at the core of the priorities of the Executive Council of Sustainable Urban Transport (CETUD). The third edition of the Innovation Prize represents another step in this ongoing effort to encourage innovative technological initiatives in the field of transportation in Dakar. This new edition, following a context rich in events focused on sustainable mobility, revolves around a critical theme: the creation of innovative web/mobile applications for public transportation in Dakar. Inspired by past successes, CETUD has devised stimulating thematic directions to encourage…

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BasiGo Expands to Rwanda with Electric Bus Pilot Program

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BasiGo, a Kenyan-based electric bus supplier, is expanding its operations to Rwanda with the launch of BasiGo Rwanda. The company has partnered with AC Mobility, Rwanda’s provider of automated fare collection systems for public transport, to deliver 200 electric buses to bus operators in Rwanda by the end of 2024. The first electric buses for the capital, Kigali, are expected to be delivered in October 2023. BasiGo has received a grant of USD 1.5 million from the United States Agency for International Development (USAID) to support its electric bus pilot…

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HIGH-LEVEL AVIATION MEETING IN COTONOU: ENHANCING AIR NAVIGATION AND SAFETY IN AFRICA AND THE INDIAN OCEAN REGION

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On Monday, November 6, 2023, The Minister of Environment and Transport, responsible for Sustainable Development of Benin, Mr. José TONATO, inaugurated in Cotonou, the “26th Regional Meeting of the Africa-Indian Ocean Regional Planning and Implementation Group (APIRG) and the 9th Regional Aviation Safety Group for Africa-Indian Ocean Region (RASG)”… read more on africaaero.org

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Uganda: Deputy Speaker questions delayed Mpigi – Busega road project

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KAMPALA, Uganda, November 8, 2023/APO Group/ — Deputy Speaker Thomas Tayebwa has tasked the leadership at Uganda National Roads Authority (UNRA) to explained the delays in the completion of Mpigi-Busega Expressway.   Tayebwa on Tuesday, 07 November 2023 led a team of legislators from the Physical Infrastructure and National Economy committees on an inspection on-going construction works at Katonga Bridge and Mpigi – Busega Expressway road. “Myself and the current Chairman of the National Economy (Hon. John Bosco Ikojo), strongly participated in the approval of the money for Mpigi –…

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Lagos Hosts the Second General Assembly of the African Association of Urban Mobility Authorities

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LAGOS, NIGERIA – November 6, 2023 – The bustling city of Lagos, renowned for its vibrant and dynamic urban ecosystem, is hosting the Second General Assembly of the newly established African Association of Urban Mobility Authorities (AUMA) from November 6-7, 2023. Co-organized by the Lagos Metropolitan Area Transport Authority (LAMATA) in collaboration with the Africa Transport Policy Program (SSATP), the gathering of urban mobility leaders aims to build the foundation for sustainable urban transit systems in Africa. Now more than ever, African cities are facing escalating challenges related to urban mobility, rooted in…

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Lesotho signs a Tripartite Free Trade Area Agreement with the Common Market for Eastern and Southern Africa, East African Community and Southern African Development Community (SADC)

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The government of Lesotho has signed a Tripartite Free Trade Area Agreement with the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC) and Southern African Development Community (SADC). The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement was signed in Maseru, the capital city of Lesotho on 27 October 2023… read more

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Trade : The Arab-Africa Trade Bridges Program Announces the Membership of the Federal Republic of Nigeria

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Impactful Interventions to Strengthen Economic Ties Offer Compelling Incentives to Join the AATB Program LAGOS, Nigeria, November 2, 2023 The General Secretariat of The Arab-Africa Trade Bridges (AATB) Program, a multi-donor, Inter-regional program, announces the Federal Republic of Nigeria’s official membership in the AATB Program. This pivotal development marks a significant step towards advancing trade and to strengthen economic ties among Arab and African countries.   An essential element of the AATB Program is to connect key stakeholders with companies and investors in Arab and African countries.  The aim is…

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AGILITY SETS AN ECOLOGICAL PRECEDENT IN CÔTE D’IVOIRE: FIRST WAREHOUSES IN WEST AFRICA TO ATTAIN “ECO-FRIENDLY BUILDING” STATUS

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Agility Logistics Parks’ warehouses in Abidjan, Côte d’Ivoire, have achieved a major milestone in energy efficiency and sustainability by becoming the first in West Africa to receive the EDGE Advanced certification, awarded by the International Finance Corporation (IFC). This prestigious recognition underscores Agility’s commitment to eco-friendly buildings and reflects the growing importance of energy efficiency in the logistics sector in Africa. The global EDGE (Excellence in Design for Greater Efficiencies) standard is a benchmark for energy-efficient buildings, overseen by the IFC, a branch of the World Bank. The EDGE Advanced…

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Namibia: African Development Bank approves $196 million loan to modernize railway infrastructure

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The loan, approved on 31 October 2023, represents 51.8 percent of the project’s total cost The Board of Directors of the African Development Bank Group has approved a loan of $196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP).   The loan, approved on 31 October 2023, represents 51.8 percent of the project’s total cost. The Namibian government will provide the remaining 48.2 percent. The project aligns with Namibia’s long-term Vision 2030 to the country’s Namibia’s logistics value chain by tackling railway infrastructure…

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