European Union carbon tax costs Africa $25 billion
Africa could lose $25 billion per year as new European Union (EU) carbon tax comes into effect, warns…
African Development Bank
Uganda secures $253 million funding for road construction
The Board of Directors of the African Development Bank (AfDB) Group approved a loan of $252.83 million to…
Africa has no excuse to remain poor, AfDB
With $6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant…
Kenya secures €101 million to boost electricity access
The Board of Directors of the African Development Bank Group (www.AfDB.org) on Wednesday approved a €101.10 million loan…
AfDB urges Ethiopia to release its ‘illegally arrested’ staff
The African Development Bank (AfDB) urges the Government of Ethiopia to release its two illegally detained staff members.
Africa told to protect its interest before engaging with outside world
By Andualem Sisay Gessesse – African countries are told to protect their own interest as a continent by…
Marrakech to host major African investment marketplace
The tourist city of Morocco, Marrakech, is set to host the major African investment marketplace, Africa Investment Forum,…
Why Ethiopia’s reliance on Djibouti Port is unsustainable
In this article the contributor argues that Ethiopia’s reliance on Djibouti Port is unsustainable due to “outrageous costs…
South Korea calls for Africa’s universal energy access
The 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference opened in Korea’s second-largest city, Busan, on Wednesday with a…
Unlock Africa’s agricultural potential
By Haile Henok – With over 60% of the world’s uncultivated arable land, Africa holds tremendous potential to…
Cameroon secures €63 million loan for skills improvement
The Board of Directors of the African Development Bank Group has approved a €63.09 million loan to Cameroon…
Africa presents opportunities for Asian investors
Africa offers vast investment opportunities for Asian countries with the appropriate incentives for their private sectors, Prof. Kevin…
AfDB to make $11 million investment in BluePeak Private Capital Fund
The Board of Directors of the African Development Bank Group has approved an $11 million equity investment in…
African Development Bank initiative on IMF Special Drawing Rights gets support
World leaders attending this week’s Summit for a New Global Financing Pact in France praised the African Development…
AfDB to boost electricity, transport infrastructure in Africa
The African Development Bank (AfDB) has committed to supporting East African countries to accelerate structural transformation, reinforce resilience,…
Zimbabwe vows to end debt burden
Zimbabwe President Emmerson Mnangagwa has reassured development partners and creditors that his government is committed to the implementation…
African Development Bank rolls out new whistleblowing policy
The African Development Bank Group has launched a six-month campaign to sensitize its internal and external stakeholders on…
Kenya host electricity on public private partnership meeting
The African Development Bank recently hosted a workshop for stakeholders in Kenya’s energy sector to discuss the new…
African Development Bank certified in gender equality
A year after launching the EDGE certification process, the African Development Bank has attained Level 1 Assess, in…
Japan provides $350 million private sector loan to AfDB
The African Development Bank (AfDB) and Japan have signed an exchange of notes for an eighth private sector…
African Development Bank to develop African pharmaceutical industry
The African Development Bank Group and the Islamic Development Bank have signed a joint partnership action plan for…
African Development Bank opens center of excellence for coding
The African Development Bank has opened a second Information and Communications Technology Centre of Excellence at the United…
African Development Bank approves $50 million to Africa food security
The Board of Directors of the African Development Bank Group approved a dual-currency Trade Finance Line of Credit…
AfDB provided $1 billion to African women entrepreneurs
The African Development Bank’s (AfDB) Affirmative Finance Action for Women in Africa (AFAWA) initiative has reached a landmark…
AfDB to make Africa breadbasket investing $10 billion
The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts…
Africa’s economic growth to outpace global forecast
Africa is set to outperform the rest of the world in economic growth over the next two years,…
Africa calls for innovative solutions to fight climate change
The 17th African Economic Conference concluded this weekend with a charge to the development community and governments to…
Achieving zero hunger in Africa within reach
Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. 25-27 January 2023.
African Development Bank partners with UK, London market insurers
The African Development Bank, the UK Government and three globally recognised insurance companies have entered into an innovative…
Abidjan set to host global finance summit
Abidjan the capital of Côte d’Ivoire is set to host a global finance summit that focuses on global…