Tag Archives: ADB

Ajay Banga will partner with African Development Bank for transformative results Kampala, Uganda | THE INDEPENDENT | World Bank president nominee, Ajay Banga, pledges to partner with African Development Bank for transformative results U.S. nominee for World Bank Group President, Ajay Banga began his global tour on March 06 with his …

London, UK | THE INDEPENDENT |  The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group  has met with London-based insurers to galvanize continued support of the Bank’s balance sheet optimization and mobilization ambitions, in line with its 2023 lending program. The Bank held an investor relationship …

Uganda MiAgro Shoppers Ltd among 25 finalists vying for top prizes Kampala, Uganda | AGENCIES | MiAgro Shoppers Limited, an e-commerce digital shopping platform based in Kampala, is one of 25 youth-led agriculture sector companies from 14 African countries that have advanced to the finalist round of the African Development Bank …

  Smaller African countries are punching beyond their weight to diversify their economies from agricultural dependence, a new report shows. Nairobi, Kenya | BIRD AGENCY | A new report shows that value-add factories and public-private partnership are helping small African countries industrialize much faster than their larger peers. The recently …

Manila, Philippines | Xinhua | Digital skills are increasingly in demand in Asia-Pacific, with 75 percent of employers in four countries reporting a rise in demand for new hires with digital skills over the last five years, according to a new joint report by the Asian Development Bank (ADB) and LinkedIn released …

Masaka, Uganda | THE INDEPENDENT | Several vendors are protesting the use of raffles in the allocation of space and stalls in the newly built Masaka City Central Market. The Local Government Ministry and Masaka City Council are in the final stages of handing over the market to the vendors four years after …

Abidjan, Ivory Coast | THE INDEPENDENT | The African Development Bank’s Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products. The Foundation …

Approximately 87,500 no-pole customers to be connected to the electricity grid Kampala, Uganda | THE INDEPENDENT | Uganda government has secured $100milion funding from the African Development Bank to switch-on some of the long-pending new electricity connection applicants under the Umeme electricity distribution footprint. Commissioned in Waibuga Sub County in …

Gulu, Uganda | THE INDEPENDENT | A sh1.5 Billion hatchery centre in Northern Uganda is yet to be used twelve years after it was established. The centre located in Laliya parish in Bardege-Laroo division in Gulu City was established in 2008 by the Ministry of Agriculture, Animal Industries and Fisheries …

Abidjan, Ivory Coast | THE INDEPENDENT |   The African Development Bank (AfDB), through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The …