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Over 100 migrants freed from captivity in eastern Libya amid rising trafficking concerns

More than 100 migrants, including five women, have been rescued from captivity in Ajdabiya, eastern Libya, where they were being held and tortured by a human trafficking gang demanding ransom payments. Libya’s attorney-general confirmed on Monday, July 14 that the criminal group had been orchestrating the smuggling, detention, and abuse of migrants to extort their […]

AfDB: $115 billion capital increase

The African Development Bank Shareholders have approved a landmark $115 billion capital increase, doubling the bank’s capital base from $93 billion to $208 billion, and strengthening thus the Bank’s leadership on development financing for the continent. This largest capital increase in the Bank’s history was approved at an extraordinary shareholders’ meeting last week in in […]

African High-Level Ministerial Meeting calls for an equitable global financial architecture

The High-Level Ministerial Meeting on accelerating the financing of Africa’s emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, culminated in the adoption of the “Marrakech Declaration” which calls for a “global financial architecture that is fairer and more conducive to Africa’s development.” In this Declaration, the 48 countries that took part […]