Category: Business

An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund, has reached the last leg of implementation with the delivery of a 175 MVA transformer, signaling relief from constant power outages for thousands of customers in the Midlands, Mashonaland East & West provinces of Zimbabwe. The transformer was delivered on Sunday 10 July to the Sherwood Substation in Kwekwe Midlands Province,… Read More

The Board of Directors of the African Development Bank Group today approved a €121 million loan to Senegal for implementation of an emergency agricultural programme that will benefit 850,000 small farmers, 35% of whom are women.. “Senegal’s dependence on the outside world for basic commodities and foodstuffs is a real bottleneck and poses a threat to the country’s food sovereignty, which… Read More

Elison Basopo, a lecturer, is a resident of Dangamvura high density suburb in Mutare, a city in eastern Zimbabwe’s Manicaland province. A senior citizen, he has lived there for 37 years. For the first 15 years, he and his family enjoyed access to a daily water supply. This changed in 2000, as rapid population growth in Dangamvura and too little… Read More

Global leaders on Thursday tasked Kenya’s President Uhuru Kenyatta to spearhead Africa’s effort to address climate change under the Africa Adaptation Acceleration Program (AAAP). The Leaders Dialogue on Climate Adaptation, organized by the Global Center on Adaptation (GCA) on 7 July at the University of Nairobi, featured endorsements by the GCA Chair and 8th Secretary-General of the United Nations, Ban… Read More

The Comoros Energy Sector Support Project has helped improve the country’s power grid. Approved in 2013, the project aims to respond to a twofold challenge in the energy sector in the Comoros. At the time, electricity access was around 50% of the population, and unevenly split between the three islands (10% in Moheli, 50% in Anjouan and 60% in Grande… Read More

The Board of Directors of the African Development Bank Group has approved an €89 million loan to boost the Kenyan government’s economic recovery efforts. The loan will provide funding for the second phase of Kenya’s Competitiveness and Economic Recovery Support Program (CERSP) that was approved by the Bank in June 2021 and will help the country to free up fiscal… Read More

A financing facility associated with the African Development Bank’s Desert to Power Initiative was featured at a side event held on the margins of the just-ended Africa Energy Forum in Brussels, Belgium. The event, dubbed “Accelerating private sector investments in the G5 Sahel – leveraging the Desert to Power Financing Facility,” was held on 23 June, to engage the private… Read More