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Tag Archives: ADB

World Bank president nominee pledges change

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 …

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African Development Bank concludes 2023 insurer roadshow to mobilize private capital for Africa

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 …

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Digital skills more critical for jobs in Asia-Pacific: ADB report

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 …

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Rwanda to host the African Pharmaceutical Technology Foundation

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 …

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ADB boosts electricity connections with US$100million fund

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 …

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African Development Bank launches new Transaction Guarantee to support SMEs and trade in Africa

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 …

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