Category: Development
Reimagining Youth Skills Development for Africa’s Future
By Khalifa Hemed Published September 9, 2022 Though Africa is said to have the youngest, fastest-growing population in the world, with more than 400 million people aged 15 to 35 years, the continent is also plagued by high levels of unemployment and limited educational opportunities for the youth. Africa Frontiers of Innovation, a monthly discussion…
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Africa’s Record Private Investment in Infrastructure in 2020 Sends Strong Signal
By Abdi Ali Published August 31, 2022 Africa received its highest proportion of private sector investment in infrastructure in 2020. This, according to Solomon Quaynor of African Development Bank (AfDB), sends an important signal to governments and investors. Solomon Quaynor, AfDB’s Vice President for the Private Sector, Infrastructure and Industrialization, said the greater private sector…
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African Continental Free Trade Area Secretariat Gets African Development Bank Grant
By African Development Bank Published July 16, 2022 African Development Bank, through its African Development Fund, has approved an US$11.02 million support package to the Permanent Secretariat of the African Continental Free Trade Area (AfCFTA). AfCFTA, that is touted as being the world’s second-largest free trade area, has a potential market of 1.2 billion consumers…
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Finance Small-Scale Farmers
By Irene Gaitirira Published June 26, 2022 Though small-scale farmers produce one-third of the world’s food, they receive only 1.7 per cent of climate finance. UN’s International Fund for Agricultural Development (IFAD) argues that helping small-scale farmers adapt to the impact of the climate crisis is more urgent than ever. “If we leave small-scale farmers…
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What the Global Oil Crisis Means for Africa
By Africa Oil Week Published April 10, 2022 Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to become less dependent on foreign oil supplies. The cost of fuel has risen sharply, with Brent crude oil hitting a 14-year high in recent weeks. It remains firmly…
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African Development Bank Attract 32 Billion Dollars in Investment Interest
By African Development Bank Published March 21, 2022 Africa Development Bank ‘s Africa Investment Forum virtual boardrooms have drawn US$32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s sessions, African Development Bank Group President Akinwumi A Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around…
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