Tanzania and Burundi are to receive some $322 million from the African Development Bank to improve road infrastructure in their respective countries.
The projects aim...
The Board of Directors of the African Development Bank has approved its third equity investment of $40 million in Africa Infrastructure Investment Fund.
Dubbed (Africa...
The African Development Bank’s efforts to channel critical investment funding to Africa’s entrepreneurs received a big boost on Thursday in Abidjan.
The Bank’s executive directors...
A donor pre-engagement on Gambia’s new National Development Plan (NDP), is scheduled to take place in Dakar, Senegal from 20 to 22 February 2018.
Following the election of President Adama Barrow in December 2016, the country has a new window of opportunity to lay the foundations for a modern democratic state and key reforms for sustainable growth.
The Japan International Cooperation Agency has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance loan to the tune US $700.9 million.
The African Development Bank provided a much-needed lifeline at a time when it was very difficult to secure budget support loans from anywhere else, as the country struggled with the 2015-2016 economic recession, the Nigerian Government has said.
The President of the African Development Bank, Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth.
Citing data from the Bank’s 2018 African Economic Outlook launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said infrastructure projects were among the most profitable investments any society can make as they “significantly contribute to, propel, and sustain a country’s economic growth. Infrastructure, when well managed, provides the financial resources to do everything else.”
Noting that economic diversification is key to resolving many of the continent’s difficulties, he urged African governments to encourage a shift toward labour-intensive industries, especially in rural areas where 70 percent of the continent’s population resides.
Côte d’Ivoire will boost its electricity production through a 44-megawatt hydroelectric power project supported with a €50 million African Development Bank financing loan, approved on in Abidjan.
Located at about 148 km north of Abidjan, the Singrobo-Ahouaty Hydropower Plant Project, to be commissioned in 2021, will support the thermal production of electricity during periods of high demand as well as diversify the country’s energy mix.
The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG) to provide insights and innovative solutions for job creation for Africa’s youth, as outlined in the Bank’s Job's for Youth in Africa Strategy.
The Jobs for Youth in Africa initiative aims at creating 25 million jobs and impacting 50 million youth over the next ten years by equipping them with the right skills to get decent and meaningful jobs. It is currently the largest effort going on for youth employment in Africa today
Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers.
The apartments have been constructed to...
Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered.
The significant number of recoveries means the country now...
Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million.
Moyo is accused of illegally...
