Tag: African Development Bank
African Development Bank Lends US$1 Billion to Women in Africa
By African Development Bank Published February 26, 2023 African Development Bank has lent US$1 Billion to women entrepreneurs across Africa through its Affirmative Finance Action for Women in Africa (AFAWA) project that was launched during the first Feed Africa conference (Dakar 1 Africa Food Summit) in the Senegalese capital, Dakar, in 2015. RELATED: Financial Institution…
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African Development Bank to Finance Sudan Emergency Wheat Production Project
By African Development Bank Published January 14, 2023 African Development Bank has approved US$73.81 million to finance the Sudan Emergency Wheat Production Project under its African Emergency Food Production Facility. Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third of its gross domestic product. It…
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Renovation of Meter Gauge Railway to Bolster East African Community Regional Trade
By African Development Bank Published January 4, 2023 African Development Bank is providing US$301 million to overhaul the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project…
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African Development Bank Calls on Governments to Support Africa’s Women-led Businesses
By African Development Bank Published October 21, 2022 African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program and the Alliance for Financial Inclusion introduced African Finance Ministers and Central Bank Governors to a new partnership set to increase financial inclusion for women-led enterprises across the continent. At a roundtable dinner held on…
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Mauritius to Host 2022 African Economic Conference
By Khalifa Hemed Published October 10, 2022 The coastal city of Balaclava in northwest Mauritius is set to host the annual African Economic Conference (AEC). AEC, Africa’s leading forum for discussing the continent’s emerging challenges and opportunities that shall be jointly hosted by African Development Bank, Economic Commission for Africa, and United Nations Development Programme,…
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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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