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Tag Archives: AFDB

Activists demand juicy jobs for women in Green Economy

Kampala, Uganda | THE INDEPENDENT | The Inclusive Green Economy Network-East Africa (IGEN-EA) calls upon East African governments to invest in green economic sectors that drive women’s participation in the economy. In its International Women’s Day 2024, IGEN-EA which is a coalition of civil society organizations and private sector entities says …

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World’s 20 fastest-growing economies in 2024

Uganda listed among Africa countries dominating the list, according to the African Development Bank ANALYSIS | AGENCIES | Africa dominates list of the world’s 20 fastest-growing economies in 2024, according to a macroeconomic report the African Development Bank says in its latest macroeconomic report. The African Development Bank Group said in …

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AfDB: Africa dominates list of the world’s 20 fastest-growing economies in 2024

Uganda among 11 African countries projected to experience a strong economic performance forecast alongside  Rwanda, Tanzania and Ethiopia Kampala, Uganda | THE INDEPENDENT | Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) …

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Rwanda, AfDB launch center to build aviation industry skills

KIGALI, RWANDA | Xinhua | The African Development Bank (AfDB) and Rwanda have launched a Center of Excellence for Aviation Skills project to meet national and international aviation training standards and industry demand. The 26.6-million-U.S.-dollar project is in line with Rwanda’s national development strategy, Vision 2050, which underpins the need …

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China’s infrastructure investments spur growth in Africa

NAIROBI | Xinhua | China’s massive infrastructure investments in Africa are driving the continent’s economic growth, an African Development Bank (AfDB) official said Thursday. AfDB Secretary-General Vincent Nmehielle told journalists in Nairobi, the capital of Kenya, that the Asian nation has financed infrastructure projects through bilateral agreements with African countries …

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AfDB introduces new model to help turn Ugandan economy

Kampala, Uganda | THE INDEPENDENT | Uganda has been selected among five African countries to be supported by the African Development Bank to develop circular economy policies. A circular economy is an economic system based on the reuse and regeneration of products to continue production sustainably, minimizing waste, and increasing …

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AfDB resolves stand-off with Ethiopia

The multilateral lender has resumed normal operations Kampala, Uganda | RONALD MUSOKE | On Jan.20, the African Development Bank Group (AfDB) said it had successfully resolved the 80-day stand-off with the Ethiopian Government, marking the end of a challenging period resulting from a “serious diplomatic incident.” The Ethiopian security authorities on …

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Africa Pharma gets shot in the arm

Host country agreement singed as Pharmaceutical Technology Foundation gets underway ANALYSIS | AGENCIES | Africa’s efforts to build a resilient and self-reliant pharmaceutical industry for the continent advanced significantly on Dec. 18 as the African Pharmaceutical Technology Foundation and the Rwandan Government signed the host country agreement paving the way for …

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Uganda secures Shs958bn loan to improve rural transport and facilitate regional integration

African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road Kampala, Uganda | ISAAC KHISA | Uganda has secured a US$252bn (Approx. Shs 958bn) loan from the African Development Bank to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The lender’s board of directors approved the loan …

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