First Independent Mena Newspaper
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, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]
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 Development Bank Group (ADB) found during its recent 5-day visit to Japan. Led by ADB President Akinwumi Adesina, the high-powered delegation aimed to showcase the enormous investment opportunities on the […]
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, predicting that agribusiness will become a catalyst in driving the economy on the continent. Leaders of Africa’s top agribusiness companies, who shared their thoughts on the future of the industry […]
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 by 2030 — this appeal was made during a recent presidential roundtable on the side-lines of the 36th Ordinary Session of the Assembly of the African Union (AU). The event […]
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 deal at the COP27 climate talks, African Development Bank (AfDB) President Akinwumi Adesina said, even as some nations push to see use of the fuel curtailed. Agreeing to a deal […]
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 250 million people with electricity access across Africa’s Sahel region for socio-economic development continues to attract financial support from around the world. The Desert to Power initiative is designed to […]
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 historically low success rates in bringing projects into fruition. The vast networking event brings together African entrepreneurs, decision-makers, bankers. In 72 hours, the African Development Bank (AfDB) and its partners […]
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, barley and fertilizers. The loan deal was signed Thursday between Samir Said, Tunisia’s Minister of Economy and Planning and Mohamed El Azizi, the Director General, Regional Development and Service Delivery […]
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 deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]
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 Nations General Assembly in New York. AU chairman — Senegal’s president Macky Sall — said the “harsh measures continue to fuel a sense of injustice against an entire people, and […]