Egypt played host to the 58th Annual Meetings of the African Development Bank and the 49th Meetings of the Board of Governors of the African Development Fund in Sharm El Sheikh. Discussions offer an opportunity to address Africa's challenges in attracting private sector financing in low-carbon investments and practical policies governments can deploy to address bottlenecks. CNBC Africa in this special broadcast brings you highlights of the 5-day event and more.

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Meetings Africa is a 2-day trade show that serves as the primary platform to enable the growth of the business events industry on the continent and ultimately contributes towards its economic growth.
Let's cross to Leanne Manas at the Sandton Convention Centre for more.

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Information Minister Yemane Meskel said Eritrea resumed its activity in IGAD and took its seat at a summit organized by the seven-nation bloc in Djibouti on Monday


READ MORE : https://[a]www.africanews.com%2F2023%2F06%2F13%2Feritrea-rejoins-east-africa-trade-and-security-bloc-igad-after-16-years[/a]

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The President of the African Development Bank is in Paris for the so-called Summit for a New Global Financial Pact. Speaking ahead of the talks launch, Adesina aimed at rich countries whose financial commitments to Africa some dating back to the COP15 in 2009, have not yet been honoured.

READ MORE : https://[a]www.africanews.com%2F2023%2F06%2F23%2Fparis-summit-afdb-president-urges-rich-countries-to-keep-financial-commitments[/a]

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Africa's economy is expected to grow at an annual average of 4 percent for the next two years. This is after growth slowed to 3.8 % last year.
This is according to the African Development Bank's inaugural Macroeconomic Performance and Outlook Report. The Bank says despite the challenges of high inflation and tighter monetary policy, African economies have demonstrated resilience.

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The spotlight was on Johannesburg as South Africa hosted the BRICS summit. The leaders of the group of developing nations - Brazil, Russia, India, China and South Africa - agreed to expand the group and granted membership to 6 more countries.
The summit drew a lot of attention this year because of the geopolitical backlash over the war in Ukraine - BRICS countries have refused to sanction Russia despite the West calling on them to do so. But this year's meeting had a particular focus on Africa - and several heads of state from the continent were in attendance.

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As the 2023 African Development Bank’s Annual Meetings draw to a close in Sharm El-Sheik, Egypt, the conversation around private sector financing for green growth in Africa remains top of mind. This Focus On special brings key voices from the event and highlights efforts towards funding Africa’s green projects.

Economic growth in sub-Saharan Africa will decline to 3.6% this year, the second consecutive year of decline in the region’s growth.

Abebe Aemro Selassie, Director of the IMF’s African Department, presents the analysis in the latest Regional Economic Outlook.

http://imf.org/AfricaREO-Apr23 #IMFAfrica

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One of the main objectives of Sustainable Development Goals is to have cities that offer opportunities for all, including access to basic services, energy, housing and transport. As the world prepares to celebrate the World Cities Day, let's look at some African cities like Nairobi, Johannesburg, and Lagos that are on the move towards sustainable development.

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The war in Ukraine, climate change and food insecurity are three issues blighting the world. Africa, though, is perhaps the continent set to be hardest hit by all of them. France’s development agency AFD is publishing a report on the African economy, which aims to provide an overview of the continent’s major economic and social problems. In Perspective, we spoke to Thomas Melonio, the AFD's Executive Director of Innovation, Strategy and Research.


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Multi-lateral development financial institutions have, collectively and individually, played a significant role in supporting countries during major global economic challenges. To kick-start the knowledge events during the 2023 Annual Meetings, the African Development Bank aims to bring together Heads of States and Governments and global experts to a dialogue on the changing global financial architecture and the role of multi-lateral Development Banks.

Collation of results for the Bayelsa governorship election is expected to resume at about 2:13 pm. The Returning Officer for the election announced a one-hour break At 1:13pm.

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Host: Kofi Bartels
Guest: Taiwo Ojumu, Lawyer and Political Analyst, Ondo State, Nigeria

The Governor of Ondo State, Rotimi Akeredolu, has been urged to either resume office or tender his resignation to facilitate the state's progress. The plea came from a faction within the Peoples Democratic Party (PDP), specifically the PDP Forever Initiative, during a press briefing in Abuja on Friday.

Governor Akeredolu, who returned to the country in September after a three-month medical leave in Germany, has not been publicly seen since his return. The National Coordinator of the PDP Forever Initiative, Hon. Obande Gideon Obande, expressed concern about the leadership vacuum in Ondo State during a press conference. He emphasised that, in accordance with the law, there is provision for the deputy governor to assume the governor's responsibilities in an acting capacity.

While extending well-wishes for the governor's speedy recovery, Obande stressed that Akeredolu's incapacitation should not hinder the governance and functioning of the state. The statement reflects growing apprehension over the prolonged absence of the governor and its potential impact on effective governance in Ondo State.

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Ondo Leadership Vacuum: Resume or Resign, Group Tells Governor Rotimi Akeredolu | NC Now | 19-11-23


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Host: Dashen Hussaina Usman

A leadership crisis has been identified as a significant impediment to the growth and development of Africa as a continent.

This insight emerged from a Leadership Bootcamp event held in Asaba, South-South Nigeria, where young Africans gathered to discuss and address this pressing issue. News Central correspondent Austin Azu provides more details in this report.

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Leadership Crisis Hinders African Growth: Insights from Leadership Bootcamp in Asaba | NC Now | 19-11-23

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Host: Dapo Adegboye
Guest: Hermann Pretorius, Director of Communications, South African Institute of Race Relations, Pretoria, South Africa

In South Africa, voting stations are set to open this weekend, providing an opportunity for thousands of prospective voters to register ahead of the 2024 general elections. The Electoral Commission (IEC) has announced that 23,296 polling stations will be available for eligible citizens during this registration exercise.

Registration stations are scheduled to operate from 8 am to 5 pm on both Saturday and Sunday. Additionally, the Home Affairs Department has affirmed its readiness to assist eligible voters who may need to collect Identity Documents over the weekend at 321 of its offices. This initiative aims to facilitate a smooth and accessible voter registration process for all eligible citizens in preparation for the upcoming elections.

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Voter Registration Weekend: Over 23,000 Stations Ready As South Africans Prepare for 2024 Elections | NC Now | 18-11-23


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