Tag Archives: AFDB

Western lenders for long have not been put on the spotlight for debt relief because they successfully managed to dupe the world that it’s only Chinese lenders that pose a threat to Africa Beijing, China | Xinhua | Like many senior U.S. officials who have visited Africa, U.S. Treasury Secretary Janet …

The bank’s cautiously optimistic economic outlook is partly based on the expectation that China will continue to re-open after three years of strict Covid-19 policies Kampala, Uganda | Leo Komminoth | The African Development Bank predicts the continent’s growth will be a stronger-than-expected 4% this year, with China’s ending of strict Covid-19 …

They are vital for continent’s growth, say participants at African Development Bank Forum Kampala, Uganda | AGENCIES | Hundreds of academics and leaders of international institutions from around the world came together for an African Development Bank (AfDB) Forum on ways to harness the skills, wealth and dynamism of Africa’s 160-million-strong diaspora …

The works entail the immediate rehabilitation of 265 km of MGR tracks between Malaba and Mukono, including the line to Jinja Pier and Port Bell on Lake Victoria Abidjan, Ivory Coast | THE INDEPENDENT |  The African Development Bank Group  is providing $301 million to overhaul the Kampala-Malaba Meter Gauge …

Kampala, Uganda | THE INDEPENDENT | The Board of Directors of the African Development Bank Group has approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan …

Nairobi, Kenya | Xinhua | The economies of the East African region are expected to grow by 4 percent in 2022, the African Development Bank (AfDB) said on Friday. According to lender’s East Africa Regional Economic Outlook 2022, the region recorded a robust economic recovery in 2021, but most members are …

She has led key strategic and technical financial initiatives to optimize the institution’s financial capacity Kampala, Uganda | RONALD MUSOKE | The African Development Bank (AfDB) on Oct.10 appointed Hassatou Diop N’sele as the substantive Vice President for Finance and Chief Financial Officer— a position she has been holding in …

Nairobi, Kenya | Xinhua | African countries have delayed the cross-border trading in listed securities from October to December, Geoffrey Odundo, chief executive officer (CEO) of the Nairobi Securities Exchange (NSE), said on Tuesday. The African Development Bank (AfDB) will provide support to link ten African stock exchanges through a digital …

Mukono, Uganda  | THE INDEPENDENT | The proposed construction of a modern market in Mukono Municipality hangs in balance due to the lack of sufficient land. The municipality was given green light by the Ministry of Local Government to present all the necessary requirements which include the land title and benefit …

Kigali, Rwanda | Xinhua | The African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president Akinwumi Adesina announced Tuesday. The banks, to be rolled out by the end of this month, will act as new financial …