Tag Archives: AFDB

The lender has supported more than 6,575 projects across Africa and invested US$77bn in numerous projects in the past 10 years ANALYSIS | RONALD MUSOKE | On Sept.10, the African Development Bank Group (AfDB), the continental premier finance institution, celebrated its 60th anniversary with its current President, Dr Akinwumi Adesina (PhD), …

AfDB gives city 40 months more to complete roads rehabilitation project Kampala, Uganda | RONALD MUSOKE | Kampala Capital City Authority officials have got another 40 months to waste on a roads rehabilitation project funded by the African Development Bank Group (AfDB) which was supposed to be completed by 2025. This …

The African Development Bank has mobilised $275 million for the project, with the Global Environment Facility and the government jointly contributing $5 million Kampala, Uganda | THE INDEPENDENT | The implementation of the 69.2 km Kampala City Roads Rehabilitation Project (KCRRP) continues to gain momentum, with current progress standing at 28.4% …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is quite robust after weathering through several shocks in recent years, say top economists from the Africa Development Bank Group (AFDB). While there has been concern about the increase in domestic and foreign debts, economists suggest that the Ministry of Finance and the …

Kampala, Uganda | THE INDEPENDENT | Uganda has joined the international chorus urging for the reform of international financial architecture. The Deputy Secretary to the Treasury, Patrick Ocailap says reforming the international financial architecture is imperative to give developing countries like Uganda a fair chance to turn its immense potential into …

Busia, Uganda | THE INDEPENDENT | The East African Community (EAC) together with the governments of Kenya and Uganda are in the process of upgrading the Lwakhakha border post on the common border between the two Partner States into a One-Stop Border Post (OSBP) as part of efforts to reduce …

Light up and power Africa, feed Africa, industrialize Africa, integrate Africa and improve the quality of life are the Bank’s High 5 operational priorities Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Development Bank Group, will boost its financing capacity by over 70 billion USD as it unveils a …

Debt chokes Africa’s ability to meet more pressing needs ANALYSIS | AGENCIES | African nations will spend $75 billion on debt interest payments this year, money they desperately need for pressing issues such as social spending and public investments, according to the African Development Bank. In addition, the countries will require …

120 targeted specialist graduates were employed within a year of graduating and 100 sustainable digital businesses have been created ANALYSIS | AGENCIES | On May 21, the African Development Bank Group’s Board of Directors approved the mid-term review of the Country Strategy Paper (CSP) for Rwanda (2022-2026) in Abidjan, Ivory Coast. …

Kampala, Uganda | THE INDEPENDENT | The State Minister for Trade, Industry and Cooperatives in charge of Industry, David Bahati has teamed up with the Uganda Manufacturers Association to demand for lower cost of credit by the commercial and development banks so as to meet the intended needs of the businesses. …