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Browsing: African Development Bank
- Tanzania’s Government is scheduled to open the 2022 Tanzania Energy Congress (TEC) this August in the country’s commercial port city of Dar es Salaam
- TEC will highlight the plans and priorities of the Ministry of Energy with regard to the next strategic steps in both the energy and hydrocarbons sectors in Tanzania
- This annual event premiered four years ago under the steward strategic partnership of Ocean Business Partners Tanzania
Tanzania’s Government is scheduled to open the 2022 Tanzania Energy Congress (TEC) this August in the country’s commercial port city of Dar es Salaam.
Hosted under the flagship of the Energy Ministry, under the patronage of His Excellency January Makamba, Minister for Energy, TEC will highlight the plans and priorities of the Ministry of Energy with regard to the next strategic steps in both the energy and hydrocarbons sectors in Tanzania.
The two-day conference (3 – 4 August 2022) will feature …
With numerous international companies and organizations operating in Tanzania’s rural areas, input by this sector has huge direct impact on the related communities.
Support ranges from digging of wells to funding irrigation and smart agriculture projects. There is also the matter of lack of adequate financing and poor sanitation all of which gravely hold back social and economic growth across the country.
Also, as the minister pointed out, through CSR, companies have the opportunity to help the government increase water supply by digging wells for rural communities and by protecting water catchment areas in places they operate.…
- The annual meeting for the African Development Bank Group will be held in Accra, Ghana, from May 23-27, 2022
- The theme for the AfDB 2022 meeting is Achieving Climate Resilience and a Just Energy Transition for Africa
- This year marks the 57th AfDB Annual Meeting of the Bank Group’s Board of Governors and the 48th Meeting of the African Development Fund (ADF), the concessional arm of the Bank Group
- The Bank will launch the 2022 report for the African Development Bank’s African Economic Outlook during the annual meeting
The annual meeting for the African Development Bank Group will be held in Accra, Ghana, from May 23-27, 2022.
This is the first meeting in two years to be held in person since the COVID-19 pandemic hit Africa. The previous two meetings have been held virtually. This year, however, will be both physical, which will take place at the Accra International Conference …
When the Head of the African Continental Free Trade Area Secretariat told an executive panel in Washington, DC the fact that: ‘Africa is importing too excessively and manufacturing too little…’ what was the expected reaction from the orchestrators of so-called ‘Africa trade support programs’ the likes of the Africa Growth and Opportunity Act (AGOA)?
That maybe they will be enlightened to some new ‘fair trade’ concept that they are not aware of or maybe they will be moved to—maybe cut back on their exports to Africa?
Both sides would do well to recall what is buried in the shallow graves, engraved thus: ‘When East African countries suggested ending import of second-hand clothing to boost their own garment manufacturing industries, AGOA contracts forced them to abandon the idea and continue wearing used American apparel.’
When the high ranking African delegate, Wamkele Mene, suggested before top US economic diplomats that ‘…the continent…
- Uganda’s electricity sector has been named Africa’s best regulated for the fourth year running
- Other strong performers, including its East African neighbours, Kenya and Tanzania, and Namibia and Egypt
Uganda’s electricity sector has been named Africa’s best regulated across several key metrics, according to the African Development Bank’s 2021 Electricity Regulatory Index.
The country was named the best for a fourth year running, ahead of other strong performers, including its East African neighbours, Kenya and Tanzania, and Namibia and Egypt.
The 2021 Electricity Regulatory Index annual report covered 43 countries, up from 36 in the previous edition and assessed their impact on the performance of their electricity sectors.
It covered three countries in the North Africa region, four in West Africa, six in Central Africa, seven in East Africa and 13 in the Southern Africa region.
Commenting on the report, Kevin Kariuki, the African Development Bank’s Vice President …
The Global Center on Adaptation (GCA) and the African Development Bank (AfDB.org) have launched a call for applications for the first edition of the African Youth Adaptation Solutions (YouthAdapt) Challenge.
The call encourages young entrepreneurs, innovators from micro, small and medium-sized enterprises (MSMEs) and other youth-led and youth-owned enterprises in Africa, to implement solutions for building resilience and adapting to the adverse impacts of climate change. Young entrepreneurs between the ages of 18 and 35 are invited to respond to the call for the expression of interest and submit their business plan through the official submission portal (https://bit.ly/3kaii1J).
With a strong focus on youth and gender, winners of the YouthAdapt Challenge will be awarded business grants of up to $100,000 each and the opportunity to participate in a 12-month business accelerator program to help them scale up their businesses, deepen their impact and create decent jobs. …
Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s (www.AfDB.org) credit rating at ‘AAA’, with a stable outlook.
Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders.
Fitch views the Bank’s risk-management policies as ‘conservative’ and assesses them as ‘excellent’, in line with AAA-rated peers. “Concentration risk is ‘low’, with the bank’s five largest exposures accounting for 32% of total banking portfolio at end-2020.”
Bajabulile “Swazi” Tshabalala, Vice President for Finance and Chief Finance Officer of the African Development Bank, said: “The affirmation of the Bank’s triple-A ratings by Fitch, recognizes the very strong shareholder support our institution benefits from, as well as its strong capitalization and risk management capabilities. The affirmation also speaks to the importance of the Bank’s public policy mandate, particularly during these very challenging times.”
The global ratings agency assesses the Bank’s overall exposure to …