African Development Bank Boosts Jobs for Youth in Africa Strategy with close to $2 Million
ABIDJAN, Ivory Coast — The African Development Bank’s www.AfDB.org Fund for African Private Sector Assistance (FAPA) (http://bit.ly/2xAJfTU), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative. FAPA, of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will […]
An emotional tribute in memory of former AfDB President Babacar Ndiaye
Goodbye, Papa, farewell to the ambassador for Africa’s development, rest in peace.” In an intensely emotional tribute, the President of the African Development Bank (AfDB), Adesina Akinwumi, opened a ceremony honouring Babacar Ndiaye at the organisation’s headquarters in Abidjan. Adesina announced that the AfDB headquarters auditorium will from now on be named Babacar Ndiaye Auditorium. […]
Uganda, Rwanda, Tanzania Link Project On Track
Three East African Community (EAC) member countries – Uganda, Rwanda and Tanzania – have unanimously agreed to hasten inter-connectivity of National Fiber Networks and Infrastructure for the benefit of the citizens in respective countries. The Permanent Secretary in the Ministry of ICT in Uganda, Mr Vincent Baggire, told the ‘Daily News’ in an interview in […]
Africa Has Vast Agricultural Potential – So Why Are We Due to Import U.S.$110 Billion Worth of Food Annually By 2025?
The African continent has the potential to feed itself and even have surplus food to export to other parts of the world. But instead, the continent imports $35 billion worth of food and agricultural products every year, and if the current predictions hold, the import bill will rise to $110 billion annually by 2025. So […]
Uganda Defaults On AfDB Payments, Reduces Stake
Uganda’s stake in the African Development bank has been reduced by 1,347 shares after the country failed to meet its subscription obligations. According to the auditor general’s report for 2015/16, the country owed AfDB subscription fees amounting to $1.3m (Shs 4.6bn). After Uganda failed to pay, the country paid the price by relinquishing some of […]
Dangote will be the largest exporter of rice in 5 years to come
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021. Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth and create jobs on the continent. “I remember […]
Zimbabwe government pumps $200m into ailing parastatals
Zimbabwe’s cash-strapped government has pumped nearly $200 million into the country’s struggling parastatals. This comes as calls have been getting louder for the cash-strapped country to restructure its loss-making parastatals to make them attractive for foreign investment and recapitalisation. Market experts said the opportunity cost of missing revenue from government enterprises was being felt across […]
Adesina Chairs session on Infrastructure Financing at Wall Street Journal’s ‘Investing in Africa’ Conference in London
African Development Bank President, Akinwumi Adesina, met several top investors and entrepreneurs in London at the Dow Jones News Building on March 7, 2017, for The Wall Street Journal’s one-day “Investing in Africa” conference Leading investors, business executives, entrepreneurs and policymakers in Africa gathered in London at the Dow Jones News Building on March 7, […]
German Government Unveils its ‘Marshall Plan’ With Africa
Africa is a continent of opportunity facing many challenges that the Plan can help resolve. Focus on entrepreneurship, private sector, renewable energy and green growth. The German Federal Minister for Economic Cooperation and Development, Gerd Müller, has unveiled his Government’s proposed “Marshall Plan” with Africa at the African Development Bank Group (AfDB), saying the Plan […]
Re-inventing Africa’s “business model” with Africa CEO Forum
The 5th edition of the AFRICA CEO FORUM will take place from 20 – 21 March in Geneva and will focus on how to succeed in this new economic cycle on the continent. Having cemented its status as the foremost meeting dedicated to the development of the African private sector, the AFRICA CEO FORUM 2017 […]
