Light up and power Africa, feed Africa, industrialize Africa, integrate Africa and improve the quality of life are the Bank’s High 5 operational priorities Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Development Bank Group, will boost its financing capacity by over 70 billion USD as it unveils a …
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Debt chokes Africa’s ability to meet more pressing needs ANALYSIS | AGENCIES | African nations will spend $75 billion on debt interest payments this year, money they desperately need for pressing issues such as social spending and public investments, according to the African Development Bank. In addition, the countries will require …
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120 targeted specialist graduates were employed within a year of graduating and 100 sustainable digital businesses have been created ANALYSIS | AGENCIES | On May 21, the African Development Bank Group’s Board of Directors approved the mid-term review of the Country Strategy Paper (CSP) for Rwanda (2022-2026) in Abidjan, Ivory Coast. …
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Kampala, Uganda | THE INDEPENDENT | The State Minister for Trade, Industry and Cooperatives in charge of Industry, David Bahati has teamed up with the Uganda Manufacturers Association to demand for lower cost of credit by the commercial and development banks so as to meet the intended needs of the businesses. …
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SPECIAL REPORT | THE INDEPENDENT | The feasibility studies for a transnational expressway connecting Uganda and Kenya is due to commence following the handing over of the site to the contractors. The 256km multinational expressway will run from Kakira in Jinja District, Uganda, through Busitema to Malaba and Busia, onwards to …
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Addis Ababa, Ethiopia | THE INDEPENDENT | The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The World Bank Group will work to connect 250 million people to electricity through distributed …
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Despite its critical role in food production, fertilizer use remains significantly low in sub-Saharan Africa Kampala, Uganda | RONALD MUSOKE | The Africa Fertilizer Financing Mechanism (AFFM) has secured a CAD$10 million (US$7.3 million) funding commitment from Global Affairs Canada, aimed at enhancing food production and increasing income for about 800,000 …
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As populations surge and urbanisation accelerates, African governments are betting big on investors in a new policy shift that targets private investment to scale the production of affordable housing units. SPECIAL REPORT | BIRD AGENCY | A wave of government housing policies is set to change the urban landscape across …
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Kampala, Uganda | THE INDEPENDENT | The Inclusive Green Economy Network-East Africa (IGEN-EA) calls upon East African governments to invest in green economic sectors that drive women’s participation in the economy. In its International Women’s Day 2024, IGEN-EA which is a coalition of civil society organizations and private sector entities says …
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Uganda listed among Africa countries dominating the list, according to the African Development Bank ANALYSIS | AGENCIES | Africa dominates list of the world’s 20 fastest-growing economies in 2024, according to a macroeconomic report the African Development Bank says in its latest macroeconomic report. The African Development Bank Group said in …
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