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Tag: African Development Bank
AfDB loans partial credit worth $345 million for green, social projects
The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, ... Read More
ADB urges Japanese companies to invest more for ‘promising returns’ in Africa
There is growing interest in Japan by the government, parliamentarians, mega companies and startups to invest more in Africa, as a delegation from the African ... Read More
Africa agribusiness set to become $1 trillion ‘new oil’ industry by 2030 — AfDB
Africa’s agribusiness sector is expected to grow to become a $1 trillion industry by 2030, participants at a recent Africa Investment Forum (AIF) have concluded, ... Read More
African Union pushes for acceleration of electrification in the continent
Africa needs to accelerate the financing for energy access in the continent with clear targets and steps for ensuring the achievement of universal energy access ... Read More
Energy-deprived Africa has a right to use its natural gas reserves — AfDB chief Adesina
Warning the continent has 600-million people in energy poverty, the right of African countries to use their natural gas reserves should be reflected in any ... Read More
Desert to Power initiative to light up the Sahel countries “showcased” at COP27
Launched in 2019 by the African Development Bank Group (AfDB) and its partners, the Desert to Power initiative to increase solar generation capacity to provide ... Read More
AIF 2022 attracts record investment pledges, but fails in solving Africa’s infrastructure paradox
This year's African Investment Forum (AIF), the continent’s premier investment platform, attracted a record $63.8bn in investment pledges for infrastructure projects, but experts warn of ... Read More
AfDB loans Tunisia $80m for food security project
The African Development Bank, AfDB, has accorded $80 million credit facility earmarked to enhance food self-sufficiency and security, through securing the supply of soft wheat, ... Read More
Resilience through tough times: East Africa’s economic recovery hindered by debt and deficits
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current ... Read More
Western countries should lift sanctions against Zimbabwe — African Union
The African Union (AU) reiterated its push for the United States, European Union, and United Kingdom to lift all sanctions against Zimbabwe at the United ... Read More