African Development Bank Leads Climate Action at Belém Summit Ahead of COP30
African Development Bank (AfDB) President Sidi Ould Tah has reaffirmed the institution’s commitment to turning “promises into progress,” spotlighting the Bank’s achievement as the first multilateral development institution to finance climate adaptation and mitigation equally. Speaking at the Belém Climate Summit in Brazil, ahead of COP30, Dr Ould Tah emphasised Africa’s critical role in global […]
UK–Nigeria Trade: Refined Oil Dominates as Bilateral Trade Hits £8 Billion
Refined oil remained at the heart of trade between the United Kingdom and Nigeria, accounting for more than two-thirds of total UK goods exports to Africa’s largest economy in the four quarters ending June 2025. According to The PUNCH citing the latest UK–Nigeria Trade and Investment Factsheet released by the UK Department for Business and […]
DRC and Rwanda Take Major Step Toward Peace and Economic Cooperation
Representatives from the Democratic Republic of the Congo (DRC) and the Republic of Rwanda have taken a major step toward strengthening peace and economic ties by initialing the full text of the Regional Economic Integration Framework (REIF) during the fourth Joint Oversight Committee meeting held in Washington, D.C. The framework, overseen by U.S. Under Secretary […]
U.S. and Uzbekistan Announce Multi-Billion Dollar Trade and Investment Deals
The United States and Uzbekistan have taken major steps to deepen their economic and diplomatic ties, following new agreements that promise billions of dollars in trade and investment between the two nations. During a meeting held in Washington on November 6, President Donald J. Trump and Uzbekistan’s President Shavkat Mirziyoyev announced landmark deals aimed at […]
AfDB Approves $9.4 Million Grant to Boost Rwanda’s Climate Resilience
The African Development Fund (ADF), the concessional arm of the African Development Bank Group, has approved a grant of $9.4 million to the Republic of Rwanda for the Nature-Based Flood Adaptation Project, aimed at strengthening climate resilience in the western districts of Karongi and Rusizi. The project focuses on using nature-based solutions to reduce flooding […]
Luxembourg, AfDB Deepen Partnership Ahead of ADF-17 to Boost Africa’s Development
The African Development Bank Group (AfDB) President, Dr. Sidi Ould Tah, and Luxembourg’s Finance Minister, Gilles Roth, have reaffirmed their commitment to strengthening cooperation as preparations intensify for the seventeenth replenishment of the African Development Fund (ADF-17) — the AfDB’s concessional financing arm. The meeting, held on the sidelines of the 2025 World Bank and […]
China Warns Against Foreign Interference, Backs Nigeria Amid US Military Threat
The Chinese government has called on the international community to respect Nigeria’s sovereignty, following reports of a U.S. threat of possible military action against the West African nation. Speaking at a press briefing on Tuesday in Beijing, Mao Ning, Spokesperson for China’s Ministry of Foreign Affairs, reaffirmed China’s strong support for President Bola Tinubu’s administration, […]
Algeria and AfDB Strengthen Partnership for Sustainable Development
Algiers, Algeria — The African Development Bank Group (AfDB) and the Algerian government have reaffirmed their strong partnership aimed at accelerating sustainable development and economic diversification in the North African nation. The renewed commitment was underscored on 3 November, when the AfDB’s Country Manager for Algeria, Abdoulkader Dileita, presented his credentials to Ahmed Attaf, Algeria’s […]
NNPC Calls for Global Partnerships to End Energy Poverty in Africa
The Nigerian National Petroleum Company (NNPC) Limited has urged for stronger global partnerships and bold investments to eliminate energy poverty across Africa. Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, made the call during the “Energy Talk” session at the ongoing Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025) in the […]
Democrats Secure Key Wins in U.S. Local Elections
Washington, United States — The Democratic Party recorded significant victories across the United States on Tuesday in a series of closely watched local elections, widely regarded as the first major electoral assessment of President Donald Trump’s second term. In New York City, state assemblyman Zohran Mamdani was projected to win the mayoral race, according to […]
