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Botswana to buy 24% stake in Belgian diamond trader HB Antwerp

The Botswana government announced Monday that it will buy a 24% stake in the Belgian gem trader HB Antwerp, a move that is seen as a possible challenge to De Beers’s dominance of the southern African nation’s diamond industry. “Today is the dawn of a new era of a diamond industry in Botswana as we […]

AfDB’s first symposium on Climate Change calls for increased focus on resilience building

The African Development Bank hosted earlier this week a symposium to mark the bank’s Climate Change and Green Growth Day. The symposium, the first of its kind, was held under the theme: “Moving from emergency relief to building resilience.” It came in the wake of two devastating tropical cyclones, Idai and Kenneth, which ripped through […]

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 […]