President Bola Tinubu has assured that his government is planning a review of civil servants salaries. Tinubu gave the assurance on Monday night during his national broadcast where he mostly spoke about the country’s economy. According to him, the move is part of efforts to cushion the impact of the removal of petroleum subsidy which…
The Board of Directors of the African Development Bank Group (www.AfDB.org) approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period. Inspired Evolution Investment Management is…
By Tshepidi Moremong Climate finance has mostly focused on mitigation measures – new investments that will keep the world below 1.5 degrees of warming. But as extreme weather events devastate countries and regions ever more frequently, there must be an equal focus on adaptation and resilience in dealing with the climate crisis that is unfolding…
Representatives of African civil society organizations have called on governments on the continent to promote and advance a human rights-respecting approach in their cybersecurity law and policy-making as cybersecurity issues have the potential to affect peoples’ well-being, rights and other aspects of human existence. Meeting in Banjul, The Gambia, at a one-day session convened by…
Lewis Mudge, Central Africa director for Human Rights Watch, said an investigation is needed to know how the protestors were killed. “It’s clear that an impartial investigation is going to be needed to determine whether according to the prime minister, protestors did resort to violence”, said Mudge. “But more importantly, to determine whether the security…
USAID announced it will partner with the Federal Trade Commission (FTC) to launch a new initiative that will help protect consumers and increase competition in countries across Africa. This initiative will strengthen legal and regulatory frameworks and the institutional capacity to ensure that the benefits of the digital economy are not undermined by anti-competitive, unfair,…
Announcement Took Place During UNCDF’s 1st Annual Investment Forum Co-Hosted with The Rockefeller Foundation The UN Capital Development Fund (UNCDF) today announced the Capital Pathways platform on the sidelines of the 77th session of the UN General Assembly. This platform is intended to scale pathways to capital in support of sustainable finance, specifically for the world’s frontier…
During its Eighth Tokyo International Conference on African Development (TICAD8), Japan offers $30 billion to be spent over three years as financial support for development of critical sectors, and a focus on three pillars: economy, society, peace and stability with a view to accelerating Japanese investment in Africa. Japanese Prime Minister Fumio Kishida, speaking over…
During his first official visit to Africa this week, DFC CEO Scott Nathan met with political and business leaders and signaled the agency’s commitment to mobilizing investment to improve food security, and expand access to critical services from electricity to technology. DFC has almost $10 billion of active investments in Africa and has recently supported…
The Federal Inland Revenue Service (FIRS) has stated that there is need for improved collaboration among countries and international stakeholders with the aim of exploring alternative rules that will enable market jurisdictions, particularly African countries, to effectively subject digital businesses to tax. This was stated during a presentation by the Executive Chairman of the FIRS,…
