News & Events

The African Development Bank Group’s Board of Directors has given its approval for a $20 million equity investment in the Africa50 Infrastructure Acceleration Fund I. The fund’s primary objective is to attract private capital for infrastructure development throughout Africa. With the aim of raising up to $500 million, the Africa50 Infrastructure Acceleration Fund I operates as a pan-African infrastructure private equity fund.

Read the original article here: https://afdb.africa-newsroom.com/press/african-development-bank-approves-20-million-investment-in-private-equity-fund-targeting-the-infrastructure-sector-in-africa?lang=en

On Vesak Day, Buddhists in Singapore engage in various religious activities to pay homage to the Buddha and his teachings. One of the main highlights of the day is the procession, known as the Vesak Day Parade, which takes place in the streets of Singapore. The parade typically starts from the Kong Meng San Phor Kark See Monastery and proceeds to various other Buddhist temples and landmarks.

During the parade, devotees carry Buddhist flags and religious symbols, such as lotus flowers and incense. They also chant prayers and perform traditional dances and music. The procession aims to spread joy, peace, and goodwill among the participants and spectators.

Independence Day celebrations in Samoa typically include various cultural and traditional activities. The festivities often begin with a flag-raising ceremony, where the Samoan flag is hoisted in honour of the nation’s independence. This is followed by parades, music performances, dance competitions, traditional sports, and feasting.

The celebration showcases Samoan culture, including traditional attire, music, dances like the Siva Samoa, and displays of traditional skills such as weaving and carving. Many Samoans living abroad return to Samoa to join in the festivities, making it a joyous and vibrant occasion for the entire nation.