Category: Business

Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said on Friday, expressing confidence in the continent’s potential to rebound from the ongoing health and economic crises. “Africa will come out of this pandemic, tough as it is, and will build better and stronger economies. As partners of the… Read More

Africa must develop new education models that feature well-resourced virtual teaching and learning schemes to insulate it against disruptions due to disasters such as the COVID-19 pandemic, experts at a webinar hosted by the Association for the Development of Education in Africa (ADEA) said. The panelists, including Ministers of Education and senior officials of the Bank, called for a new… Read More

The Board of Directors of the African Development Bank approved recommendations of the First Monitoring Report of the Independent Review Mechanism (IRM) on the Sendou Coal-Fired Power Plant Project in Senegal. The Report was approved together with an updated Action Plan prepared by the Bank’s Management to address the pending environmental and social concerns posed by the project. With the… Read More

The African Development Bank approved the recommendations of the Fourth Monitoring Report of the Independent Review Mechanism on the implementation of the Updated Management Action Plan for Medupi Power Project in South Africa. The IRM monitoring Report indicated that Eskom applied a high degree of professionalism in the construction and operation of the Medupi Power Plant, particularly focusing on security… Read More

Women-led businesses are more vulnerable to closure than those led by men in the era of the novel coronavirus, due to women’s limited access to finance, shifts in consumer behavior, and the increase in women’s household care responsibilities as a result of extended lockdowns. All across the continent, the coronavirus pandemic is wreaking economic havoc and hitting women the hardest,… Read More

Naftali Elude Mzota, a driver for the Impala Shuttle Company in Tanzania, has been driving between Tanzania and Kenya for over 23 years. Asked about the difficulties of crossing the border, Mzota sighs. “Customs clearance used to be a real challenge here, because there were two borders. You had to go through at the Tanzanian immigration office, and then repeat… Read More

À Madagascar, la Banque africaine de développement a fait de l’autonomisation des femmes et des jeunes un sacerdoce. Les projets financés dans ce pays, appelé aussi la Grande Île, couvrent tous les domaines du développement : l’énergie, les infrastructures de transport, l’agriculture, le secteur privé, l’eau et l’assainissement, la formation, etc… les investissements ont pour objectif affiché d’améliorer la vie des… Read More

Egyptian president Abdel Fattah Al-Sisi was awarded the Babacar Ndiaye Great Road Builder Award it was announced Monday, a distinction for heads of state whose countries initiate outstanding projects or achievements in relation to the development of roads, transportation and mobility. Al Sisi was recognized for his “personal leadership” in the development and construction of projects in Cairo such as… Read More

Introduction According to the UN’s  2019 State of Food Security and Nutrition in the World, hunger is on the rise in almost all African sub-regions, making the continent the region with the highest prevalence of undernourishment, at nearly 20%. The continent is still not able to feed itself, and there is an urgent need to improve agricultural productivity. Although fertilizer… Read More

The African Development Bank Group is pleased to announce the appointment of Dr Rabah Arezki as Chief Economist and Vice President, Economic Governance and Knowledge Management, effective 1st October 2020. Dr Rabah Arezki, a citizen of Algeria, is currently the Chief Economist for Middle East and North Africa Region at the World Bank, a role he has held since 2017. At… Read More