Tag Archives: AFDB

It’s time to push for greater debt transparency across all creditors and natural resource backed loans should no longer be used as collateral Kampala, Uganda | RONALD MUSOKE | Africa’s total external debt hit the US$ 1 trillion-mark last year and is expected to rise up to US$ 1.13 trillion by …

Africa bank lists economy among best in Africa COVER STORY | THE INDEPENDENT | Just days to the June 14 reading of the national budget in parliament, the African Development Bank (AfDB) has listed Uganda among countries whose good GDP growth performance is expected to make Africa the second fastest growing …

Kampala, Uganda | THE INDEPENDENT | Africa contributes the least – less than 3% to global warming, yet the continent is the most vulnerable to climate risks. To build resilience against climate change, the countries have outlined tangible ambitions for green growth, including plans to increase climate investment. Amid dwindling climate …

London, UK | THE INDEPENDENT |  The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group  has met with London-based insurers to galvanize continued support of the Bank’s balance sheet optimization and mobilization ambitions, in line with its 2023 lending program. The Bank held an investor relationship …

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 …