The European Business Council for Africa

Agence Francaise De Developpement (AFD) is investing €2 billion in Nigeria.

The French Development Agency (AFD) is a development finance institution 100 per cent held by French government.

In Nigeria, it is mainly into financing of infrastructure projects (water, energy, transport and agriculture).

It also involves in financing related to banking sector, governance and the cultural and creative industries.

Speaking to THISDAY, the AFD Country Director Nigeria, Pascal Grangereau, said €2 billion was set aside to be sent on mainly road financing, water sector, improvement in electricity and agriculture.

He said €300 million was being spent on the Abuja Electricity Backup, a project in collaboration with Transmission Company of Nigeria (TCN) to improve electricity at the nation’s capital.

Grangereau said a total of €200 million is equally expended on the North West Electricity Backup.

On agriculture, he said vocational training is currently held across the nation to improve the skills of Nigerians.

On Wednesday, January 27, 2021, CCA hosted an exclusive high-level dialogue with H.E Uhuru Kenyatta, President of the Republic of Kenya, and Sundar Pichai, CEO of Google and Alphabet, focused on how digital technologies and partnerships can unlock new pathways for economic growth in Africa. The dialogue was moderated by award-winning journalist, Zain Verjee, Founder & CEO of Zain Verjee Group.

CCA President and CEO, Florizelle Liser kicked off the dialogue, expressing that CCA was pleased to facilitate the conversation and connect the Silicon and Savannah Valleys. Ms. Liser noted the significance of U.S.-Africa partnership, stating, “If COVID-19 has taught us anything, it is that we are better off working together, and our ability to collaborate is critical for post-pandemic economic recovery both here in the United States and in Africa.”

During the discussion, H.E. President Kenyatta underlined the notable impact of technology as a driver of growth in Kenya over the past 20 years. “Today as we speak, as a result of digitization, technology, internet penetration, almost 95% of all Kenyans have access to financial services as opposed to less than 20 years ago when only 25% of the population had a bank account.”

The Netherlands Ministry for Trade and Development Cooperation is extending a €6 million grant to the African Legal Support Facility (ALSF), to support the ALSF’s work providing legal and technical services to low-income countries to give them more clout in commercial dealings.

The funding will be disbursed over a three-year period. ALSF Director Stephen Karangizi thanked the Netherlands, a shareholder of the African Development Bank, for its strong support over the years. “The assistance will help the ALSF to better respond to the impacts of COVID-19 and help countries to recover much faster to enhance sustainable, inclusive development in Africa,” he said.

Since 2013, the Netherlands has cumulatively provided €15.5 million to the ALSF to ensure that African countries achieve maximum economic value for their resources.

The funds provided by the Netherlands enabled the ALSF to successfully assist many African governments to strengthen their legal expertise and negotiating capacities, particularly in the areas of natural resources and extractives.

The governments of Norway and the United Kingdom have extended grants of around £2.6 million to the African Legal Support Facility (ALSF) to support its activities over the next two years.

The Norwegian government, through its Agency for Development Cooperation, provided 20 million Norwegian kroner (around £1.6 million) to support the 2021 and 2022 work programs of the ALSF.

The Foreign, Commonwealth & Development Office of the United Kingdom is providing a £1 million grant to the ALSF, which will go to supporting debt management capacity in low-income African countries. The funding forms part of a cooperation agreement signed by the two parties.

The UK grant is in line with the G20 Debt Service Suspension Initiative, supported by the IMF and the World Bank, and comes as African countries continue to implement urgent measures to manage the spread of the COVID-19 pandemic and its socio-economic impacts, including the strain on their debt portfolios.

The government has plans to amend the special economic zones regulations and invited the public to send in their comments or feedback.But even as the call for submission still continues, Faiza Ahmed has been out in the field to check the progress of the Special Economic Zones touted as the panacea to promote and facilitate both domestic and foreign investments in Kenya. Here is what he found out.

Yonas Adaye Adeto is Director of the Institute for Peace and Security Studies (IPSS) at Addis Ababa University, Ethiopia. He obtained his Ph.D. from the University of Bradford, UK, and is an Assistant Professor of Peacebuilding and Security Governance in Africa.

Abstract 

Scholarship on the challenges of ethno-linguistic federalism in contemporary Ethiopia is copious; yet a critical analysis of violent ethnic extremism in the country and its implications for the sub-region is rare. This article argues that violent ethnic extremism is a threat to the existence of Ethiopia and a destabilising factor for its neighbours. Based on qualitative empirical data, it attempts to address the knowledge gap and contribute to the literature by examining why violent ethnic extremism has persisted in the post-1991 Ethiopia and how it would impact on the stability of the Horn of Africa. Analysis of the findings indicates that systemic limitations of ethno-linguistic federalism; unhealthy ethnic competition; resistance of ethno-nationalist elites to the current reform; unemployed youths; the ubiquity of small arms and light weapons; and cross-border interactions of violent extremists are the major dynamics propelling violent ethnic extremism in Ethiopia. Thus, Ethiopia and the sub-region could potentially face cataclysmic instabilities unless collective, inclusive, transformative and visionary leadership is entrenched. 

The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF) – the concessional arm of the African Development Bank Group – on Tuesday signed a loan agreement of 73.6 billion Japanese yen ($668.1 million) to support the 15threplenishment of the African Development Fund (ADF-15).

During a virtual ceremony, African Development Bank Group President Dr. Akinwumi A. Adesina and Japanese Ambassador to Côte d’Ivoire Kuramitsu Hideaki signed an Exchange of Notes, while the loan agreement was signed by the JICA Chief Representative in Côte d’Ivoire, Fujino Kojiro, and Acting African Development Bank Group Senior Vice President Swazi Tshabalala, in her capacity as Chief Financial Officer.

The concessional donor loan will support the 15th replenishment of the African Development Fund, approved in December 2019 by ADF donor countries. JICA is extending the loan – the largest to ADF-15 – on behalf of the Government of Japan.

CCA is honored to present an exclusive dialogue between H.E. Uhuru Kenyatta, President of the Republic of Kenya, and Sundar Pichai, CEO of Google and Alphabet, focused on the ways in which digital technologies and partnerships can unlock new paths for African economic growth.

Le président du Groupe de la Banque africaine de développement, Akinwumi A. Adesina, prendra une part active au Sommet international sur l’adaptation au changement climatique qui s’ouvre ce lundi 25 janvier.

Le président de la Banque interviendra dans trois sessions, dont celle consacrée au dialogue interministériel sur l’adaptation globale au climat et une autre au dialogue avec l’Afrique.

Lors de ce sommet, qui se poursuivra le 26 janvier, Akinwumi A. Adesina participera également au dialogue avec les chefs d’État et les autres dirigeants de la planète.

Pour saluer son engagement en faveur de la finance climatique, la Banque a été choisie en 2020 par les partenaires au développement pour abriter le Bureau régional pour l’Afrique du Centre mondial sur l’adaptation.

Le président Adesina avait inauguré ce nouveau centre le 16 septembre 2020 en présence des chefs d’États africains et d’autres personnalités éminentes, dont Ban Ki Moon, ancien secrétaire général de l’Onu, et Kristalina Georgieva, directrice générale du Fonds monétaire international.

La Banque africaine de développement qui a fortement contribué à la création de la Zone de libre-échange continentale africaine (ZLECAf), à travers des appuis multiformes aux pays membres régionaux, et qui s’implique pour sa mise en œuvre opérationnelle, souligne dans sa Revue annuelle 2019 de l’efficacité du développement (RAED) le rôle important des grandes villes du continent dans le renforcement des investissements intra-africains.

La ZLECAf est entrée en vigueur le 1er janvier 2021, après ratification à la date du 20 janvier 2021 par 36 pays africains.

Casablanca au Maroc, Johannesburg en Afrique du Sud, Lagos au Nigeria, Le Caire en Égypte et Nairobi, au Kenya, sont les villes africaines les plus attractives en termes d’investissements intra-africains, selon la RAED publiée en décembre 2020.

Ces cinq grandes villes se distinguent par le dynamisme de leur marché de consommation et de leur marché de travail, précise l’étude de la Banque, qui souligne qu’elles sont à la fois source et destination d’investissements intra-africains.