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IPO-Eastern Africa Network

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Tag: African Development Bank

he two-year multi-country trade portal enhancement project, funded by the Multilateral Cooperation Center for Development Finance, was launched during the EAC Donor Round Table held in Arusha, Tanzania on October 6, 2023.

East Africa Enhances Trade with African Development Bank’s Support

By African Development Bank Published October 27, 2023 East African Community (EAC) Secretariat, United Nations Conference on Trade and Development (UNCTAD) and African Development Bank (AfDB) have launched a capacity development project to enhance trade in East Africa. The US$1.56M EAC Trade Portal Enhancement Project will support digitized trade solutions to reduce trade barriers and…

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Prof Njuguna Ndung’u, Kenya's Minister for National Treasury and Economic Planning,

East Africa Region to Register Highest Economic Growth in Africa

By African Development Bank Published August 1, 2023 East Africa will register the highest regional economic performance on the continent in 2023 and 2024. African Development Bank, in its 2023 East Africa Economic Outlook report launched on July 27, 2023, projects mid-term economic growth in the region to accelerate to 5.1% in 2023 and 5.8%…

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Rwanda has received a US$101 million loan from African Development Fund to support its water and sanitation sector.

Pan African Bank Supports Rwanda’s Water and Sanitation Reforms

By Abdi Ali Published July 21, 2023 Rwanda has received a US$101 million loan from African Development Fund to support its water and sanitation sector. Rwanda Sustainable and Resilient Water and Sanitation Programme aims to improve access to basic water supply and sanitation services. It will also strengthen legal, policy, institutional and regulatory frameworks for…

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African Countries Generate €1.7 Billion Additional Revenues from Tackling Tax Evasion and Illicit Financial Flows

African Countries Generate €1.7 Billion Additional Revenues from Tackling Tax Evasion and Illicit Financial Flows

By African Development Bank Published July 8, 2023 African countries have realised additional €1.69 billion thanks to voluntary disclosures, the implementation of information exchange mechanisms, and rigorous offshore investigations. RELATED: African Countries Tackle Tax Evasion and Money Laundering This is according to the 2023 Tax Transparency in Africa progress report that has just been unveiled…

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African Development Bank-funded project boosts universal access to water in Rwanda

African Development Bank-Funded Project Boosts Universal Access to Water in Rwanda

By African Development Bank Published June 18, 2023 Esther Mukantwali of Rwangara Village in Bugesera District, about 18 km south of Rwanda’s capital, Kigali, used to wake up at 3:00 in the morning to trek for an hour to fetch water from a swamp. The story is the same for 18-year-old Umuhoza Francine who lives…

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The Africa’s Macroeconomic Performance and Outlook report, that is to be released in the first and third quarters of every year, will provide African policymakers, global and domestic investors, researchers, and other development partners with an up-to-date, evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term outlook amid dynamic global economic developments.

Africa’s Gross Domestic Product Growth to Stabilize in 2023-2024

By Khalifa Hemed Published March 4, 2023 African economies remain resilient with a stable outlook in 2023-2024 despite the tightening global financial conditions. African Development Bank, in its Africa’s Macroeconomic Performance and Outlook 2023 report, estimates the continent’s average GDP will stabilize at 4% in the next two years up from 3.8% in 2022. RELATED:…

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