Arusha, Tanzania | THE INDEPENDENT | The African Development Bank (AfDB) and the East African Business Council (EABC) have signed a $1 million grant agreement aimed at promoting sustainable industrialisation and strengthening manufacturing value chains across East Africa. The deal, announced on July 1, will support technical assistance, research, policy dialogue, …
Read More »
Uganda, Liberia and Niger round out the top five performers Nairobi, Uganda | THE INDEPENDENT | Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI) demonstrating exceptional progress in power sector governance and regulatory outcomes. The comprehensive assessment, officially unveiled today …
Read More »
Having entered the race last, Sidi Ould Tah leveraged his country’s diplomatic networks, bolstered by Mohamed Ould Ghazouani’s chairmanship of the African Union in 2024 ANALYSIS | AGENCIES | Mauritanian Sidi Ould Tah beat four other candidates after three rounds of voting. He becomes the 9th president of the pan-African institution for the next …
Read More »
East Africa is set to lead regional performance, expanding at an average of 5.9 per cent in 2025–26, underpinned by continued momentum in Ethiopia, Rwanda, and Tanzania Abidjan, Côte d’Ivoire | THE INDEPENDENT | Africa’s economy is forecast to grow from 3.3 per cent in 2024 to 3.9 per cent in 2025, …
Read More »
Abidjan, Côte d’Ivoire | THE INDEPENDENT | State Minister in Charge of General Duties, Henry Musasizi asked the Africa Development Bank Group (AfDB) to support Uganda’s ten-fold growth strategy. Musasizi is representing Finance Minister, Matia Kasaijja at the 60th Annual Meeting of the African Development Bank and 51st Annual Meeting of …
Read More »
Abidjan, Côte d’Ivoire | THE INDEPENDENT | Sidi Ould Tah of Mauritania was today elected President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or Central Bank Governors …
Read More »
Abidjan, Ivory Coast | THE INDEPENDENT | As the United States imposes higher tariffs with global ramifications, African Development Bank Group (AFDB) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships. …
Read More »
Five candidates vying to lead the African Development Bank shared their visions at a public forum ahead of the May 29 election, outlining priorities from infrastructure, debt reform, food sovereignty and private sector investment ANALYSIS | AYENAT MERSIE | Five candidates vying to lead the African Development Bank made their pitches …
Read More »
“Africa should improve governance in order to improve transparency, close illicit financial flows. Africa loses almost ninety billion dollars every year. That is far much more than we get from aid and Foreign Direct Investment (FDI) every year” Abidjan, Cote d’Ivoire | THE INDEPENDENT | African Development Bank Group Secretary General …
Read More »
Currently, close to 600 million Africans lack electricity, a critical resource for economic development ANALYSIS | RONALD MUSOKE | The World Bank and the African Development Bank (AfDB) have pledged US$50 billion to provide electricity access to nearly 300 million Africans over the next five years, through an initiative known as “Mission …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
