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 …
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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 …
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Accra, Ghana | Xinhua | The African Development Bank (AfDB) will mobilize at least 25 billion U.S. dollars to support Africa’s climate adaptation programs, AfDB President Akinwumi Adesina said Monday. “Climate change is killing African economies. Annually, Africa loses 7 billion-15 billion dollars due to climate change. This is expected to …
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Lagos, Nigeria | Xinhua | The African Development Bank (AfDB) said it has approved 1.5 billion U.S. dollars to help African countries avert a looming food crisis. In a statement made available to Xinhua on Friday, the bank said Africa now faces a shortage of at least 30 million metric tons …
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Abuja, Nigeria | Xinhua | The ongoing Russia-Ukraine conflict resulting in the disruption of wheat exports has pushed wheat prices higher by 60 percent in Africa, President of the African Development Bank (AfDB) Akinwunmi Adesina said in Abuja, the Nigerian capital, on Tuesday. Adesina, in a meeting with Nigerian President Muhammadu …
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Uganda has dropped to eighth spot on the Africa Visa Openness Index this year according to the latest rankings published on Dec.13 by the African Development Bank (AfDB) and the African Union Commission. Kampala, Uganda | RONALD MUSOKE | The Africa Visa Openness Index which has been published since 2016 …
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Abidjan, Ivory Coast | THE INDEPENDENT | For the fourth consecutive year, Uganda’s electricity sector is Africa’s best regulated across a number of key metrics, according to the African Development Bank’s 2021 Electricity Regulatory Index. Other strong performers include East African neighbours, Kenya and Tanzania, as well as Namibia and …
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Sub-region avoided recession in 2020 but political fragility and limited economic diversification impacted growth in some countries Kampala, Uganda | RONALD MUSOKE | East African economies will fully recover from the COVID-19 induced recession in 2023, thanks to increased roll-out of vaccines, recovery in the global economy, rising commodity prices, …
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Nairobi, Kenya | Xinhua | East Africa’s economic growth is projected to rise to 4.1 percent in 2021, up from 0.4 percent in 2020, the African Development Bank (AfDB) said on Thursday. According to the East Africa Regional Economic Outlook 2021, the economic performance will be boosted by the ongoing global …
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Kampala, Uganda | THE INDEPENDENT | The Global Center on Adaptation in partnership with the African Development Bank (AfDB) has launched a call for applications for the first African Youth Adaptation Solutions (YouthADAPT) Challenge. The call for applications invites young entrepreneurs, innovators from micro, small and medium-sized enterprises (MSMEs) and other …
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