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Browsing: AfDB
The future of Africa is fenced around its ability to utilize renewable energy potential. Harnessed effectively, Africa stands to become the next world powerhouse and take over energy production once and for all.
In this context, the African sun has plenty of potential to transform the continent’s energy generation landscape. Africa is endowed with plenty of renewable energy, hydropower and natural gas.
The International Energy Agency points to Africa as a region harbouring nearly 17 per cent of the global population but it only holds four per cent of global power supply investment.
Barely a month after the tragic and unexpected death of Tanzania’s outspoken and visionary leader Dr. John Magufuli, the country has gone ahead and inked an oil pact with neighbouring Uganda.
The move puts a lid on speculations of how the country’s first woman President Mama Samia Suluhu Hassan will handle duties of the top office. The new president, who was former vice president under the Magufuli regime, sat with her Ugandan counterpart Yoweri Museveni and together shook hands for French Total E&P and China’s CNOOC and signed key agreements for the East African Crude Oil Pipeline (EACOP).
Sounding a note of optimism at the European Union-Africa Green Investment Forum on Friday, African Development Bank (www.AfDB.org) President…
The African Development Bank (www.AfDB.org) hosted its first virtual business opportunities seminar (BOS) of 2021 on 6 and 7 April.…
The 2020 edition of the AfDB Agripitch contest for African agricultural entrepreneurs kicked off on 2 November 2020. The competition…
Africa is rising and gradually taking over the helm of economic power. This growth is now evenly spread, as other…
The African Development Bank (AfDB) ‘2020 African Economic Outlook’ report is very optimistic about East Africa’s economic performance, despite the…
The African continent has experienced a bitter reaction from the coronavirus pandemic, whereby as of May 13 almost every nation…
Governments in the East African region have placed their bets in investing in infrastructure in a bid to increase their competitiveness and…
Tanzania relays heavily on the tourism sector for its foreign exchange earnings and to save this vital sector, the country…