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Browsing: AfDB
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.
Fresh financing will bolster Ethiopia’s progress in achieving wheat self-sufficiency. Data shows Ethiopia’s wheat productivity has struggled to match the…
The Negomano-Roma Road was financed by the African Development Bank. President Nyusi finds the road reminiscent of the two nations’…
AfDB is eyeing $2.3 trillion in sovereign wealth funds, strategic investment funds, pensions, and life insurance assets. The AfDB wants…
The debt-for-nature swaps concept has emerged as a viable solution to address Africa’s ‘poly-crisis’ marked by debt distress, climate change, and biodiversity loss. In light of this, Gabon recently launched an initiative termed Africa’s first debt-for-nature swap.
The Central African nation intends to buy up at least $450 million of its government debt and convert it into an eco-friendly blue bond. This is with a tender offer for its sovereign dollar-denominated bonds maturing in 2025 and 2031, prompting the Eurobonds to rise as much as 2.2 cents on the dollar.
Central Africa’s economic performance was powered by the DRC, which grew at a jaw-dropping 8.5% in 2022. Central Africa growth…
AfDB projects mid-term economic growth across EAC will accelerate to 5.1% in 2023 and 5.8% in 2024. This will be…
Civil unrest, electricity crisis and natural disasters in South Africa deal a body blow to the regional economy growth prospects.…
Women and youth in Kenya’s agricultural sector are set to benefit from new AfDB funding. Another $1.3 million has been…