AfDB Commits $500m to Propel Ethiopia’s $10bn Mega-Airport Project
The African Development Bank (AfDB) has pledged a $500 million loan towards Ethiopia’s new $10 billion international airport in Bishoftu, southeast of Addis Ababa. The […]
African Development Bank
Nigeria Eyes Aviation Growth Through Strategic Public-Private Partnerships
The Federal Government of Nigeria has reiterated its commitment to driving economic growth through robust Public-Private Partnership (PPP) reforms in the aviation and aerospace sectors. […]
Mauritanian Sidi Ould Tah Wins African Development Bank Presidency
Mauritanian candidate Sidi Ould Tah secured the African Development Bank presidency Thursday, defeating Zambian rival Samuel Munzele Maimbo in the third round of voting to […]
Congo’s Former Prime Minister Sentenced to Hard Labor on a Corruption Charge
A former DRC Prime minister was found guilty of corruption and given a ten-year sentence of forced labor. The Congolese Constitutional Court found Augustin Matata […]
Ethiopia to Build New $7.8 Billion Airport Near Addis Ababa
Ethiopia is set to construct a new international airport near its capital, Addis Ababa, with an estimated cost of $7.8 billion. The airport will be […]
Nigeria Secures $200 Million Deal to Power Rural Areas with Renewable Energy
Nigeria has signed on March 10 a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to deploy hundreds of renewable mini-grids […]
African Development Bank’s New Refinancing Facility Set to Support Struggling Nations
The African Development Bank (AfDB) is poised to launch a regional refinancing facility aimed at assisting African nations burdened with maturing international bonds, according to […]
Tanzania achieves 128% food security, allowing it to ‘feed’ other African states
Tanzania is emerging as a leader in food security in Africa, after it has achieved 128% food self-sufficiency, allowing it to export surplus produce to […]
The African Development Bank celebrates 60 years of commitment to development and resilience in Africa
On Tuesday in Abidjan, the African Development Bank (AfDB) Group marked its 60th anniversary, celebrating six decades of dedication to Africa’s development, prosperity, and resilience. […]
Cape Verde Bank foresees growth path in the country
Forecasts from the Bank of Cape Verde align with those of other international financial and development institutions, indicating positive economic growth driven by tourism and […]