The World Bank Group today launched the Development Finance Forum in Kigali, Rwanda, for global public and private sector leaders to explore and demonstrate strategies to boost private sector investment in East Africa’s priority sectors, notably, housing, agriculture and tourism.
Construction
Addis Ababa city launches land, public houses audit
Addis Ababa City Administration has started auditing public houses, condominiums and land found in the capital.
Africa50 to announce new shareholders in Nairobi meeting
Africa50, the pan-African infrastructure platform, will host its third General Shareholders Meeting (GSM) in Nairobi, Kenya on 19 July at Villa Rosa Kempinski Hotel.
Continental bank bans Robert Akika Ngong for fraudulent practice
The office of Integrity and Anti-Corruption of the African Development Bank (AfDB) found Ngong to have engaged in a fraudulent practice in the context of a consultancy engagement with the institution, AfDB said. The African Development Bank Group, which has been investing in the development of the continent, today announced the banning of Robert Akika […]
Cairo to Cape Town road boosts cross-border economies
Rehema Tukai grew up in Kondoa and works in Dodoma, Tanzania’s capital city. Until now, visiting her family in Kondoa involved a five-hour journey along a bumpy and dusty road. Thanks to a new road co-funded by the African Development Bank, it takes her a little over one hour to travel the same distance.
UN agency invest $57 million to renovate Africa Hall
The United Nations Economic Commission for Africa (UNECA) launched a $56.9 million construction to renovate and modernize the historic Africa Hall in Addis Ababa, Ethiopia.
Tunisia secures €112 million loan for road construction
The Board of the African Development Bank Group (AfDB) has approved a loan of €112 million to help finance the North-East Road Connectivity Support Project in Tunisia.
NEPAD launches infrastructure financing for Africa initiative
The New Partnership for Africa’s Development (NEPAD) – African Union’s economic development programme, gathered international investors and CEO-level business leaders at the NASDAQ Stock Market today, 18th September, for the launch of its 5% Agenda campaign.
Infrastructure summit presents $13 billion investment opportunity for Africa
Presenting 12 projects requiring $13 billion investment across 9 African countries (Benin, Burundi, DRC, Kenya, Niger, Rwanda, Tanzania, Zambia and Zimbabwe), Africa’s premier infrastructure summit opens in Abuja, Nigeria.
UN agency launches inaugural Africa Data Revolution Report
The African Centre for Statistics at the Economic Commission for Africa (ECA) has launched the Africa Data Revolution Report 2016, a biennial report highlighting developments in African national data ecosystems.
Multilateral banks, private sector agree to boost infrastructure investment
Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
East Africa embarks on $27 billion mega projects
The East African region is currently undertaking 43 mega projects worth $27.4 billion, a new research reveals.
Kenya, Uganda secure funding for road construction
The African Development Bank (AfDB) is set to provide $253 million loans for Kenya and Uganda to use it for the upgrading of a major road that connects the two countries.