Needed today, won’t be ready by 2030 Kampala, Uganda | RONALD MUSOKE | The Uganda government on March 16 signed a US$229.5 million (Shs860 billion) financing agreement with the African Development Bank (AfDB) in the latest effort to raise money for the Kampala-Jinja Expressway. The Kampala-Jinja Expressway is being …
Read More »Govt boosts participation of local firms in EACOP
Local players think initiative could be late as oil companies are already publishing expression of interest for field services Kampala, Uganda | RONALD MUSOKE | Uganda has started implementing a Shs 1.85bn project seeking to build technical skills of local micro, small and medium enterprises eyeing businesses during the construction …
Read More »AfDB gives Shs 1.85bn to Ugandan SMEs targeting oil and gas deals
Ugandan micro, small and medium enterprises working within the petroleum sector have received US$ 500,000 (Shs 1.85bn) from the African Development Bank to boost their chances of partaking of the opportunities that will accrue during the construction of the East African Crude Oil Pipeline (EACOP) project. Kampala, Uganda | …
Read More »Akinwumi Adesina gets second five year term at AfDB
AfDB President survived several accusations including breaches of the bank’s code of ethics Kampala, Uganda | RONALD MUSOKE | Dr. Akinwumi Adesina will serve as president of the African Development Bank Group for another five-year term following his re-election by the Board of Governors on Aug.27. Dr Adesina, a former Nigerian …
Read More »Africa can harness 4th industrial revolution
Doing so will require a new educational philosophy and investing in basic digital infrastructure. COMMENT | HANAN MORSY | Key features of the Fourth Industrial Revolution (4IR) – accelerating digitalisation, artificial intelligence (AI), cloud computing, robotics, and 3D printing – have obvious and important implications for education, employment, and the …
Read More »African banks adopt robust measures against lockdown losses
African banks, including central banks, have been quick to appraise the situation in the wake of the lockdowns induced by Covid-19 and most have put mitigating measures in place. These, writes Neil Ford, will go a long way to reducing the impact of the inevitable loss of business across the board. | …
Read More »Eye of the storm: African Development Bank chief Akinwumi Adesina
Abidjan, Ivory Coast | AFP | In just months, African super-banker Akinwumi Adesina has gone from glory to fighting for his career, battling US demands for a probe into accusations of ethical violations and favouritism. In 2015, the son of a farming family wrote another chapter in a remarkable tale, becoming …
Read More »African Development Bank says ‘no decision’ yet on demands for probe
Abidjan, Ivory Coast | AFP | The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its chief, accused by whistleblowers of ethics breaches. US Treasury Secretary Steven Mnuchin says Washington is dissatisfied with the outcome of an internal …
Read More »African Development Bank chief hits back over graft accusations
Abidjan, Ivory Coast | AFP | The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed “unprecedented attempts by some to tarnish my reputation” and declared “I will… continue to work with …
Read More »Balance investments in infrastructure and human capital
Massive infrastructure development alone without well trained and skilled personnel will not help the country achieve desired economic growth targets. Kampala, Uganda | PATRICIA AKANKWATSA AND JULIUS BUSINGE | This was the message directed to the government during the recently concluded infrastructure conference in Kampala titled ‘infrastructure and human capital …
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