The growing influence of the internet as a tool for economic development cannot be underestimated, especially in light of its role in transforming Africa’s socio-economic landscape. The assertion hinges on several research studies, underscoring the undeniable significance of affordable and reliable internet access for businesses and households alike on the continent.

The African Development Bank (AfDB) has marked a significant milestone in environmental and sustainable finance by unveiling its first-ever USD Global-Sustainable Hybrid Transaction. This unique transaction is comprised of $1 billion in sustainable bonds under both fixed-rate and floating-rate notes. This innovative initiative is particularly significant, being the inaugural 15-year-term transaction performed by any supranational AAA-rated issuer beyond green or social bonds in the Colony Capital markets.

While the economic furor in West Africa continues to unfurl, Burkina Faso’s President, Roch Marc Christian Kabore, has raised a significant query over his country’s affiliation with the West African Economic and Monetary Union (WAEMU). His consideration arises on the heels of neighboring Mali’s recent announcement of its imminent departure from the Union.