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ADF-16: Benin to contribute $2 million to the African Development Fund

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LIBREVILLE, October  11 (Infosplusgabon) - Benin joins six other African countries that contribute to ADF; 74 million people in Africa have benefitted from improvements in agriculture for food security through the Fund. Benin has pledged $2 million to the next replenishment of the African Development Fund, the concessional window of the African Development Bank Group.

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NIGERIA : International Islamic Trade Finance Corporation (ITFC) and the Central Bank of Nigeria Successfully Conclude Workshops on Islamic Banking and Trade Finance

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LIBREVILLE, October 7 (Infosplusgabon) - The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, in partnership with the Central Bank of Nigeria (CBN), successfully concluded a workshop on Non-Interest Banking and Trade Finance in Nigeria. Held from 17th to 19th September 2024 in Abuja, the sessions aimed to enhance capacity and knowledge in Islamic banking principles, trade finance products and services, and how different financial toolkits are applied in Islamic finance from operational and business perspectives.

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ANGOLA : Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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LIBREVILLE, October 4 (Infosplusgabon) - Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

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From darkness to light: Local bakeries and homes flourish under Benin’s new urban electricity project

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LIBREVILLE, September 29 (Infosplusgabon) - The bustling sound of dough kneading fills the air at Pierre Gbenou Tito Dossou’s bakery in Okoun-Sèmè, Benin, as the once energy-starved business now hums along smoothly. Orders for bread, croissants, and chocolate pastries are met on time, a feat Dossou attributes to a newly stable power supply.

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Vice President Quaynor leads African Development Bank mission to India to strengthen business ties

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LIBREVILLE,  September 17 (Infosplusgabon) - An African Development Bank  delegation led by Vice President Solomon Quaynor has concluded a four-day official visit to India to explore investment and trade opportunities and partnerships between Africa and India in pharmaceuticals, agriculture, and technology. During the mission, which took in the cities of New Delhi, Gurgaon and Faridabad, Quaynor, the Bank’s Vice President for Private Sector, Infrastructure, and Industrialisation positioned the Bank as a potential partner to India’s private sector in the areas of project financing and de-risking initiatives, among others. He also promoted the Africa Investment Forum as a platform offering access to unparalleled investments across the continent.

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