Category: Business

In the early 2010s, Godelive Ngalula, a trader from Kikwit, the main town of Kwilu Province in the Democratic Republic of Congo, spent a week to travel the 350 kilometres (km) to Tshikapa in Kasaï Province and 50,000 Congolese francs (about $24.5) on food. A decade later, the situation has changed. “The trip takes only about a day thanks to the… Read More

Scaling up sustainable land management and ecosystem restoration have definite economic benefits for African countries, according to experts who took part in a panel discussion as part of the fifteenth Conference of the Parties (COP15) of the United Nations Convention to Combat Desertification. The panel was moderated by the African Development Bank. Africa is facing declining rainfall and falling agricultural… Read More

The Independent Recourse Mechanism (IRM) of the African Development Bank Group (AfDB) launches its first-ever Accountability Report to present its performance to its stakeholders ahead of the Bank’s Annual General Meeting scheduled in Accra, Ghana from 23-27 May 2022. The 2021 Accountability Report presents IRM’s activities and progress against its annual workplan, and towards fulfilling its vision, mission, and core… Read More

The Stock Exchange of Mauritius (SEM) on Thursday launched a new automated trading system, positioning itself as an attractive multi-currency listing platform capable of offering sophisticated products and services to domestic and international investors. The launch took place at a ceremony in Port Louis, the country’s capital. The Middle-Income Country Technical Assistance Fund, a tailored instrument hosted and funded by… Read More

Learn more about the African Emergency Food Production Facility. The African Development Bank Group’s Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. With the disruption of food supplies arising from the Russia-Ukraine war, Africa now faces a shortage of at least 30 million metric tons of food, especially wheat,… Read More

Des responsables gouvernementaux, d’organisations multilatérales de développement, du secteur privé et de la société civile ont plaidé le 13 mai, à Abidjan, en faveur d’une meilleure prise en compte des femmes dans la promotion des pratiques et technologies de l’agriculture climato-intelligente, en pleine expansion en Afrique. Cela permettra de leur point de vue, de développer et renforcer les mécanismes d’adaptation… Read More

On the occasion of the Africities 2022 Summit, taking place from May 17 to 21, in Kisumu (Kenya), the African Development Bank and Cities Alliance released on Wednesday in Nairobi (Kenya), a major report entitled “Dynamics of Secondary Cities in Africa: Urbanization, Migration and Development” which provides a comprehensive overview, enriched with case studies, on intermediary cities of the continent.… Read More

In Tanzania, the African Development Fund is supporting the education of young people. The Fund granted the country $32.7 million in funding to build two vocational training centres with necessary equipment. The  Fund has also contributed to improving teachers’ manuals. Starting with around a dozen boarders at first, the centres have grown and now have more than 2,000 students gaining… Read More