The president/chief executive of Dangote Industries Limited, Aliko Dangote has said Africa’s ambition to become a global industrial powerhouse hinges on its ability to mobilize long-term financing, deliver reliable electricity and adopt policies that turn its vast natural resources into manufactured products. Dangote, who has outlined a $50 billion investment programme for 2026 to 2030,…
The Heads of Multilateral Development Banks (MDBs) Group met at the Asian Development Bank (ADB) headquarters in Manila today to discuss how to deliver more financing and greater impact to support developing members as they face mounting challenges. It was the Group’s first-ever meeting in the Philippines, hosted by ADB as its 2026 Chair. “Conflict,…
The United Nations Secretary-General appealed on Friday for governments, businesses and communities to accelerate efforts to protect biodiversity for future generations and all life on Earth. Guterres was speaking in Yerevan, Armenia, ahead of the opening of the COP17 UN biodiversity conference next week. “The food we eat, the water we drink, the very air…
Nairobi — The United States has backed a stronger African Union-United Nations partnership to address conflicts across the continent, saying a UN framework for financing AU-led peace operations could provide a useful tool in responding to Africa’s security crises. U.S. Representative for UN Management and Reform Ambassador Jeffrey Bartos told the Security Council that closer…
Uganda’s Permanent Representative to the African Union and the United Nations Economic Commission for Africa (ECA), Ambassador Rebecca Amuge Otengo, has called for sustained follow-up on financing for development and the implementation of the Sevilla commitments. Ambassador Otengo also emphasised the pivotal role of the ECA in tracking progress and engaging international financial institutions, including…
Africa’s ambition to feed itself and unlock agriculture’s economic potential will depend largely on whether smallholder farmers, young entrepreneurs and women-led businesses can access the financing they need to expand, create jobs and withstand climate shocks, according to the International Fund for Agricultural Development (IFAD). Geraldine Mukeshimana, IFAD Vice President, said Africa has the land,…
Abuja — A leading African public health expert, Dr. Mayaka Ma-Nitu, has warned that Francophone Africa is becoming increasingly vulnerable to health emergencies due to chronic underfunding, declining external donor support and weak domestic investment in healthcare systems. Speaking on the growing crisis in health financing across the continent, Dr. Ma-Nitu said many French-speaking African…
Addis Ababa, Ethiopia — Africa’s digital revolution is gathering pace, but the financing needed to sustain it remains uneven, fragmented, and often out of reach. To bridge this gap, African multilateral financial institutions, policymakers, development partners, and private sector leaders are calling for a more coordinated, innovative, and better-structured financing approach to support Africa’s digital…
African countries must increasingly rely on their own resources and institutions to drive development as international aid continues to decline, the International Monetary Fund (IMF) has advised. According to the IMF, the era of predictable and abundant foreign aid was gradually fading, making it imperative for governments across the continent to strengthen domestic revenue mobilisation,…
Funmi Ogundare Seplat Energy Plc has been named the official Theme Partner for the Education Session at the 2026 Africa Social Impact Summit (ASIS), as part of efforts to address Africa’s widening education access gap and strengthen youth employability across the continent. Under the partnership, Seplat Energy will spearhead strategic discussions on education financing, access…
