Nouakchott

Africa needs stronger resources governance amid current global critical minerals rush — experts

African governments need to develop robust strategies for the critical minerals sector amid global rush for the continent’s lithium and other strategically important rare metals, a recent research has found. Demand for lithium, for example, tripled from 2017 to 2022, while the critical minerals market doubled in five years, reaching US$320 billion in 2022, according […]

BADEA provides Togo $16m to support SMEs

Togo and the Arab Bank for Economic Development in Africa (BADEA) signed Thursday a $16 million loan earmarked to provide support for the West African country’s Small and Medium Enterprises (SMEs). Togo’s Finance Minister Sani Yaya and the BADEA President Sidi Ould Tah inked the financing deal on the sidelines of the ongoing Africa SME […]

Sweden strengthens African development through strategic capital markets investment

Sweden has joined the Netherlands and Luxembourg in making a significant contribution to Africa’s financial development, pledging 50 million Swedish crowns ($4.8 million) to the African Development Bank’s Capital Market Development Trust Fund (CMDTF). This investment, channeled through Sweden’s International Development Agency, aims to strengthen and integrate Africa’s regional financial markets. The initiative serves multiple […]