Africa Business East Africa World 

Gaming Market Statistics in Tanzania: The Rise of the Gaming Industry

– – Tanzania’s gaming business has established itself as a vital industry that contributes significantly to the country’s GDP. This article examines the primary findings of a market report on the Tanzanian gaming sector. The study seeks to provide unique and important insight into all sorts of commercial gaming operations in Tanzania, covering growth patterns, key market players, consumer behavior,… Read More
Africa Investments 

African Development Bank Group to hold 2022 Annual Meetings from May 23-27 in Accra, Ghana

Ghana will host the African Development Bank Group’s 2022 Annual Meetings from 23-27 May in its capital, Accra. This year’s meetings mark a return to in-person sessions following virtual meetings over the last two years. They will be held in a hybrid format with participants present in Accra and online. The physical sessions, including statutory meetings of governors of the… Read More
Development Health Advice 

New COVID wave a reminder pandemic is ‘far from over’: Guterres

Secretary-General António Guterres was addressing the GAVI COVAX international vaccine equity initiative’s Advance Market Commitment Summit 2022, which saw world leaders commit $4.8 billion to help lower-income nations boost vaccination rates, and secure better access for new vaccine procurements. The GAVI Vaccine Alliance hosted the summit alongside G7 president, Germany, Ghana, Indonesia (which holds the presidency of the G20 industrialized nations… Read More
Africa Investments 

Appointment of Auditor General: Mr. Maurice Goddard

The African Development Bank is pleased to announce the appointment of Mr. Maurice Goddard as the Auditor General, effective 16th May 2022. Mr. Goddard, a British citizen, is an Executive Internal Audit, Risk Management and Finance Leader; with significant international business experience, gained over a 33-year career to-date. His experience spans a wide range of activities, with a particular focus… Read More
Africa Investments 

African Development Fund approves $5.5 million grant to fund phase two of flagship Desert to Power energy project in Djibouti, Eritrea, Ethiopia and…

The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan. Known as the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public Good window of… Read More
Africa Investments 

Appointment of Evaluator General of the African Development Bank: Mrs. Karen ROT-MÜNSTERMANN

The African Development Bank is pleased to announce the appointment of Mrs. Karen Rot-Münstermann as Evaluator General of the African Development Bank, effective from 16th April 2022. Mrs. Rot-Münstermann, a Dutch citizen, is currently the Acting Evaluator General and Division Manager, Knowledge Management, Outreach and Capacity Development in the Independent Development Evaluation Department (BDEV). Before joining the Bank in 2009,… Read More
Africa Investments 

Green Banks can plug climate finance gap—participants at MENA Climate Week hear

Green Banks have a critical role to play in overcoming climate finance gaps, participants of an African Development Bank event held on the side lines of Middle East and North Africa Climate Week. Organized in partnership with the Islamic Development Bank, A Green Finance Facilities Ecosystem: a $3tn opportunity for Africa brought together climate finance experts from both multilateral development… Read More
Africa Investments 

Africa Road Builders: Tanzanian President Samia Suluhu Hassan wins the 2022 Babacar Ndiaye Trophy for transport success

Tanzanian President Samia Suluhu Hassan has been named the 2022 winner of the Africa Road Builders–Babacar Ndiaye Trophy. The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent. The selection committee for the award commended Hassan for her “personal leadership, huge investments and commitment” to extending roads… Read More
Africa Investments 

Malawi: Country strategy sparks transformation in agriculture

Some 250 young agricultural entrepreneurs were trained, 10,000 people gained access to agricultural loans and 12 small agricultural businesses have been created. In total, 8,000 new irrigation projects were launched. Malawi has achieved significant progress in its agricultural sector, helped by a country strategy drafted by the African Development Bank. The 2018-2022 strategy also supported progress in the transport sector,… Read More
Development Health Advice 

Ukraine war linked to ‘massive malnutrition crisis’ affecting millions in other emergencies

Six weeks since Russia invaded its neighbour, the UN Children’s Fund, UNICEF, said that imports have been disrupted to the Middle East and North Africa – where more than 90 per cent of food comes from abroad. Prices have also risen for essentials, including wheat, cooking oil and fuel and if this situation continues, “it will severely impact children, especially… Read More
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