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Browsing: AfDB
High protection and heavy import dependency have left industries in Africa poorly prepared for international competition. The tendency of many…
Africa’s infrastructure gaps hinder populations from accessing healthcare, education, trade hubs, and economic opportunities. Africa has only 53 per cent…
The African Development Bank (AfDB) has initiated a five-year plan to stimulate growth in South Africa, the continent’s most advanced economy. Dubbed the Country Strategy Paper (CSP) 2023-2028, AfDB has outlined two main lines of action. The Bank aims to enhance governance while deploying strategies to revamp the private sector.
Concerning governance, CSP 2023-2028 will support the South African government in its efforts to address persistent structural challenges. This approach aims to promote industrialisation and establish a faster, more inclusive growth trajectory to combat poverty.
Investors from Ireland and Nordic countries are encouraged to consider Africa a promising destination for their investments, as the continent holds significant growth potential.
This call comes after an official visit by Prof. Kevin Chika Urama, the Chief Economist of the African Development Bank Group, to Denmark, Finland, Ireland, Norway, and Sweden.
The 1,028km highway will connect economic capitals of five West African countries, part of Ecowas economic block. Estimates show the…
ECOWAS, AfDB Group hold consultations on West Africa Regional Integration Strategy Paper (RISP) 2020-2025. Consultations focused on current issues around…
AfDB’s Africa Climate Risk Insurance Facility for Adaptation will insulate the agricultural sector against losses. The product will boost countries’…
Youth leaders, entrepreneurs and policymakers presented the Africa Youth Climate Assembly Declaration to Kenya’s President William Ruto, and African Development…
Currently, East Africa is reeling from the effects of the worst drought on record; extreme heat is ravaging northern Africa…
On the 1st of June 2023, African ministers for trade and industries adopted a protocol that prevents trading second-hand clothes across the continent under the preferences of the AfCFTA. This was during the high-level African Union – East African Community and the private sector forum, the second Ministerial Retreat of the Council of Ministers on the AfCFTA, held in Nairobi, Kenya, to assess the progress and address critical aspects of the agreement’s implementation.