Category: Business

The Board of Directors of the African Development Fund on 24 June approved a technical assistance grant of $2 million to fund research that will contribute to electricity reforms in the Economic Community of West African States (ECOWAS). The grant from the African Development Fund — the concessional window of the African Development Bank Group — will go to the… Read More

The African Development Bank and the Tanzanian government have signed a $125.2 million loan agreement for a project that will help address water shortages in three districts in the country’s Dodoma region. The Dodoma Resilient and Sustainable Water Development and Sanitation Program (Phase I) will benefit more than two million residents in the Bahi, Chemba and Chamwino districts, which have… Read More

Chay-a Abdawa is a mother of six and president of the El Wihda cooperative in Nouakchott, Mauritania. El Wihda produces traditional tents known as khaïmas. Once emblematic of Mauritanian culture, the tents have historically been used in nomadic life in the Sahara Desert. Despite an increasing shift away from a nomadic way of life among Mauritanians, the tents are popular… Read More

The African Development Bank’s Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products. African Development Bank Group President, Dr. Akinwumi Adesina said: “This is a great development for Africa. Africa must have… Read More

The world must do more to tackle the increasing global food insecurity worsened by Russia’s war in Ukraine, the African Development Bank Group President Dr. Akinwumi Adesina told a G7 ministerial conference on Friday. Governments, multilateral Development Banks, international and regional organizations, non-governmental organizations, civil societies, and philanthropists demanded, among others, the release of millions of metric tons of food… Read More

African ministers on Friday outlined the impact that the global food crisis is having on their countries and added their voices to calls for action. The ministers made the call to action at a ministerial conference in Berlin, convened by the German government, as current head of the G7 group. The conference highlighted the impact of soaring food prices, brought… Read More

When the African Development Bank launched a project to enhance institutional and human capacity in Sudan’s education sector, Ahmed Mutiagin was a student with ambitions of getting into academia. That goal has been realised; Mutiagin, 38, is now a proud holder of a PhD in Education, Leadership and Policy from the Bahir Dar University in Ethiopia, and is teaching at… Read More

The first day of the Aswan Forum for Sustainable Peace and Development, which took place from 21 to 23 June 2022 in Cairo, Egypt, concluded with a plenary session on regional security. The goal of the session was to discuss the African Union’s post-conflict reconstruction efforts with strategic organizations in Africa. All speakers agreed that post-conflict reconstruction efforts in Africa… Read More