AfDB doubles its climate finance commitments to US$25bn within 2020-2025

AfDB doubles its climate finance commitments to US$25bn within 2020-2025

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AFRICA – The African Development Bank (AfDB) announced that it will double its climate finance commitments for the period 2020-2025 to at least US$25 billion. The announcement was made by Akinwumi A. Adesina, the Bank’s President during the One Planet Summit in…

CDC opens offices in Kenya and Nigeria to increase investments

CDC opens offices in Kenya and Nigeria to increase investments

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AFRICA – The United Kingdom’s government-owned development finance institution, commonwealth Development Corporation (CDC), has opened offices in Kenya and Nigeria as part of its strategy trade ties with African countries. According to Nick O’Donohoe, chief executive of the CDC Group, the new…

Trade in technology goods expands driven by demand for electronic components mainly from China and Korea

Trade in technology goods expands driven by demand for electronic components mainly from China and Korea

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WORLD – The value of trade in international imports of information and communications technology (ICT) goods in 2017 reached US$2.1 trillion driven by demand for electronic components used in Internet-of-Things (IoT) devices. According to new figures released by UNCTAD (United Nations Conference…