Industry

Africa risks sliding into stagflation – a cycle of slow growth and high inflation – as it battles the lingering effects of the Covid pandemic and rising fuel and food prices caused by the Ukraine conflict, the African Development Bank (AfDB) said.Despi...

According to the latest African Economic Outlook report by the African Development Bank, Russia’s invasion of Ukraine and lingering effects of the COVID-19 pandemic pose huge challenges to the continent.The bank’s president, Akinwumi Adesina, said at t...

ABIDJAN— The African Development Bank (AfDB) Group’s board of directors announced that it approved a $1.5 billion facility to help African countries avert a looming food crisis in the continent.In a statement, the bank said with the disruption of food ...

A top U.S. energy official says Russia's war on Ukraine has driven home the need to diversify supply chains, and that Africa can benefit from this. Jose Fernandez made the comment to VOA Wednesday at an annual conference on African mining in Cape Town,...

Following is the text of UN Deputy Secretary-General Amina Mohammed’s video message to the high-level thematic debate of the General Assembly on “Putting sustainable and resilient tourism at the heart of an inclusive recovery”, in New York today:Your E...

ABUJA— The ongoing Russia-Ukraine conflict resulting in the disruption of wheat exports has pushed wheat prices higher by 60 percent in Africa, President of the African Development Bank (AfDB) Akinwunmi Adesina has said.Adesina, in a meeting with Niger...

African Development Bank Group President Dr Akinwumi Adesina says "Africa must prepare for the inevitability of a global food crisis." He was speaking about Africa's priorities, as a guest at the Atlantic Council's Africa Center on Friday.Fielding ques...