World

By Aminatta Diof (Newsleader West African Bureau Chief, in Abidjan)

The Board of Directors of the African Development Bank have approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid industry.

By Aminatta Diof (Newsleader West African Bureau Chief, in Abidjan)

The Board of Directors of the African Development Bank Group, on Wednesday, approved the Lusophone Compact Guarantee Program (LCGP or the Compact), with a maximum risk exposure of up to EUR400 million.

Aminatta Diof (NewsLeader West Africa Bureau Chief, in Abidjan)

President of the African Development Bank (AfDB), Akinwunmi Adesina, has said Africa must leverage investment to unleash the potential and ingenuity of its youth, its most important asset.

• * Africa's Share Of Global Trade Was 2.7% In 2019, Below 4% Figure Of The 1970s

By Abdel Rahman Aamir (NewsLeader North Africa Bureau Chief, in Cairo)

The Global trade expected to contract by 9.2% this year, having fallen by 2.9% in 2019; Africa’s share of global trade was 2.7% in 2019, below the 4% figure of the 1970s; informal cross-border trade which is a key component of intra-African trade is wide-spread in its composition; the African Trade Report estimates that in Eastern African ICBT is very high and could be worth as much as 80% of the value of formal trade in some countries; South Africa was the biggest contributor to Intra-African trade, accounting for 23% of total trade, in 2019.

Togo’s President Faure Gnassingbe on Monday named the first ever female prime minister to head the government in the West African nation.

• * As Nigeria's Ex-President Jonathan Grace Event

By Babaca Ousmane (Newsleader Correspondent, in Mali)

Ba N’Daou, Mali’s former Defence Minister, Ba N'Daou, were on Friday, sworn in as new President of the transition government, while coup leader, Colonel Assimi Goita, was sworn in his Vice President.