Africa Investments 

Nigerian ‘experienced beginner’ lands job with US-based software firm after taking Bank Coding for Employment course

In 2019, the African Development Bank and technology firm Microsoft launched the Coding for Employment digital training platform, an online tool providing digital skills to African youth. Of the more than 126,000 students who have completed the courses, 47% are women. The platform aims to promote a continuous learning culture among young people and build their capacity to shape the… Read More
Africa Business World 

Applications open for Africa’s best corporate-startup collaboration accelerator

– – Technology sectors such as FinTech, InsureTech, AgriTech, eCommerce, HealthTech, and CleanTech are not only solving some of Africa’s most pressing problems, they are also contributing significantly to the continent’s economy. In fact, the so-called Internet economy is set to reach 5.2% of gross domestic product (GDP) by 2025, contributing about $180-billion to the African economy. To develop the… Read More
Africa Investments 

Life after debt: VP Arezki reflects on governance and growth in Africa

In 2021, Africa is forecast to rebound from its worst economic recession in half a century. Which indicators underpin the likelihood of such a recovery? After contracting by 2.1 % in 2020, Africa’s real GDP is expected to grow by 3.4 % in 2021. This anticipated recovery from the worst recession in more than half a century would be underpinned by… Read More
Development Mozambique 

OP-ED: Mozambique holds the key to Southern Africa’s clean energy transition

By Fhedzi Modau, Mozambique Country Manager, Wartsila Energy Business With its massive gas reserves and billions of dollars of investment flowing in to monetize them, Mozambique has a unique opportunity to deploy a flexible power strategy that will bring major benefits across both its domestic and regional electricity markets. Countries across Southern Africa have established ambitious targets to increase access… Read More
Development Health Advice 

Global COVID-19 infections rise for fourth consecutive week, deaths level off

The number of new deaths from the coronavirus levelled off after a six-week decrease, with just over 60,000 new deaths reported. Europe and the Americas continued to account for nearly eight in 10 of all cases and deaths, while the only region to report a decline in fatalities was the Western Pacific, down nearly a third, compared to the previous… Read More
Africa Investments 

Morocco and the African Development Bank on the frontline in the fight against COVID-19

It was around midnight in Rabat in December 2020. The neighbourhoods are empty; time seems suspended in the kingdom’s capital. The only people seen are the occasional police patrol officer or street sweeper. An ambulance siren pierces the air of a city deep in sleep. Inside the vehicle, emergency medics clad in hazmat suits administer oxygen to a man in… Read More
Africa Investments 

Kenya: Equity Group Holdings plans trans-Africa expansion with $100 million loan from the African Development Bank

The African Development Bank and Equity Group Holdings (EGH) have signed a $100 million (Kshs 11 Billion) loan facility to support the commercial bank’s expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises as it grows. The loan, a tier two facility with a seven-year maturity, is expected to promote EGH’s ability to offer… Read More
Africa Investments 

Energie : augmentation de 12% du taux d’accès à l’électricité en Afrique entre 2015 et 2019, avec le soutien de la Banque africaine de développement

Le déficit d’accès à l’électricité est un des obstacles majeurs au développement économique et social en Afrique. Beaucoup d’unités industrielles, de petites et moyennes entreprises africaines, souffrent de ce fait. L’accès à l’énergie figure en bonne place des priorités stratégiques de la Banque africaine de développement, appelées « high5 » et traduites en programmes et projets à travers le continent.  Ainsi, le… Read More
Africa Business Ghana West Africa World 

Trisolace: Creating agribusiness opportunities for young Ghanaians

– – For years, young people especially in Africa did not have the interest in creating business opportunities in Agriculture as they consider the sector unattractive and not worth the needed investment. That is however changing in countries like Ghana where a company called Trisolace Farms is helping to young people fall in love with snail and mushroom farming. Trisolace… Read More
Africa Investments 

Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report

The African Development Bank and the Climate Investment Funds (CIF) have joined forces to produce a study of the role of green banks and national climate change funds in mobilizing finance to support low-carbon, climate-resilient development in Africa. The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa. For… Read More
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