Category: Business

Togo: Women now give birth under better conditions in many localities thanks to the African Development Fund and the European Union’s support | African Development Bank – Building today, a better Africa tomorrow /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie9- /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie10+ <!– //–><!—-> African Development Bank Group Read More

On Wednesday, 24 April 2023, the Board of Directors of the African Development Bank Group approved a $110 million loan to Mauritius to bolster the country’s electricity infrastructure. Mauritius will use the funds to build four new Gas-Insulated Switchgear (GIS) substations and rehabilitate six existing outdoor substations with indoor GIS technology. The project will improve the capacity and stability of… Read More

The average annual GDP (Gross Domestic Product) growth in Africa was 3.4% between 2010 and 2021, according to African Development Bank data. This is well below the targeted yearly average growth of 7%. Combined with population growth, GDP per inhabitant has barely changed.   At the same time, average purchasing power in Africa has deteriorated due to inflation, which has accelerated… Read More

African Development Bank Group president Dr. Akinwumi Adesina has congratulated former MasterCard CEO Ajay Banga for his election as head of the World Bank Group, saying he looks forward to working together with him to tackle current global challenges, including climate change. Banga, 63, was confirmed by the World Bank’s board of governors on Wednesday to serve a five-year term… Read More

The present and the future belong to your generation, African Development Bank President tells 2023 graduating class of Calvin University | African Development Bank – Building today, a better Africa tomorrow /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie9- /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie10+ <!– //–><!—-> African Development Bank Group Read More

The Africa Road Builders Selection Committee has named Madagascar’s  President Andry Rajoelina, the winner of the prestigious Babacar Ndiaye Trophy, for his commitment to infrastructure development in the island state. He succeeds Tanzanian President Samia Suluhu, who won the award in 2022. According to a press release by the Committee, members chose President Rajoelina at a meeting held in Dakar… Read More

“Plastic bags are useful on average for five minutes … and have a lifespan of 400 years,” says Ahmed Yassin. Wherever you go in the world, these bags are damaging the environment, especially marine biodiversity. Ahmed and two of his friends are from the Egyptian port city of Alexandria. They decided to take action to help achieve the 2030 Sustainable… Read More

Digital technologies could offer Africa a great chance to unlock new pathways for rapid, inclusive economic growth and job creation, according to Ambassador Albert Muchanga, the African Union’s Commissioner for Economic Development, Trade, Tourism, Industry and Minerals. In an address to the recent 55th Conference of African Ministers of Finance, Planning and Economic Development, Muchanga said the continent needed to… Read More