NAIROBI | Xinhua | China’s massive infrastructure investments in Africa are driving the continent’s economic growth, an African Development Bank (AfDB) official said Thursday. AfDB Secretary-General Vincent Nmehielle told journalists in Nairobi, the capital of Kenya, that the Asian nation has financed infrastructure projects through bilateral agreements with African countries …
Read More »
Kampala, Uganda | THE INDEPENDENT | Uganda has been selected among five African countries to be supported by the African Development Bank to develop circular economy policies. A circular economy is an economic system based on the reuse and regeneration of products to continue production sustainably, minimizing waste, and increasing …
Read More »
The multilateral lender has resumed normal operations Kampala, Uganda | RONALD MUSOKE | On Jan.20, the African Development Bank Group (AfDB) said it had successfully resolved the 80-day stand-off with the Ethiopian Government, marking the end of a challenging period resulting from a “serious diplomatic incident.” The Ethiopian security authorities on …
Read More »
Continental lender recently introduced the Emergency Agricultural Production Project in the East African nation BURUNDI | RONALD MUSOKE | For many Burundian smallholder farmers, the bumper maize harvest they are currently witnessing is all due to the intervention of a project initiated by the African Development Bank Group (AfDB) which offered …
Read More »
Host country agreement singed as Pharmaceutical Technology Foundation gets underway ANALYSIS | AGENCIES | Africa’s efforts to build a resilient and self-reliant pharmaceutical industry for the continent advanced significantly on Dec. 18 as the African Pharmaceutical Technology Foundation and the Rwandan Government signed the host country agreement paving the way for …
Read More »
African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road Kampala, Uganda | ISAAC KHISA | Uganda has secured a US$252bn (Approx. Shs 958bn) loan from the African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The lender’s board of directors approved the loan …
Read More »
Boost for Northern Corridor as AfDB approved US$1.4 million last month for feasibility study of the multinational Kenya-Uganda Expressway project Jinja, Uganda | THE INDEPENDENT | The plan to construct a super highway connecting Uganda and Kenya could become a reality, following the financial intervention of the African Development Bank (AfDB). The …
Read More »
Kampala, Uganda | THE INDEPENDENT | Africa’s multilateral lender, African Development Bank is partnering with the East African Community (EAC) Secretariat and the United Nations Conference on Trade and Development to launch a capacity development project to enhance trade in East Africa. The $1.56M EAC Trade Portal Enhancement Project will support …
Read More »
Despite being home to 65% of the world’s remaining uncultivated arable land, Africa still imports most of its food Kampala, Uganda | RONALD MUSOKE | Africa’s food and agribusiness industry is set to reach US$1 trillion mark by 2030, Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB) told …
Read More »
AfDB shows innovative financing tools it should focus on for green growth cash Kampala, Uganda | RONALD MUSOKE | The Ugandan Government needs to integrate innovative financing tools; including green bonds, carbon markets, debt-for-nature swaps and blended financing if it is to start attracting more private resources urgently needed in Uganda’s …
Read More »
The Independent Uganda: You get the Truth we Pay the Price