SPECIAL REPORT | THE INDEPENDENT | The feasibility studies for a transnational expressway connecting Uganda and Kenya is due to commence following the handing over of the site to the contractors. The 256km multinational expressway will run from Kakira in Jinja District, Uganda, through Busitema to Malaba and Busia, onwards to …
Read More »World Bank to connect 300 million Africans to electricity by 2030
Addis Ababa, Ethiopia | THE INDEPENDENT | The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The World Bank Group will work to connect 250 million people to electricity through distributed …
Read More »AfDB secures US$7.3million fertilizer deal for African farmers
Despite its critical role in food production, fertilizer use remains significantly low in sub-Saharan Africa Kampala, Uganda | RONALD MUSOKE | The Africa Fertilizer Financing Mechanism (AFFM) has secured a CAD$10 million (US$7.3 million) funding commitment from Global Affairs Canada, aimed at enhancing food production and increasing income for about 800,000 …
Read More »Africa‘s most populous countries eye private investors to tackle housing challenge
As populations surge and urbanisation accelerates, African governments are betting big on investors in a new policy shift that targets private investment to scale the production of affordable housing units. SPECIAL REPORT | BIRD AGENCY | A wave of government housing policies is set to change the urban landscape across …
Read More »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 …
Read More »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 …
Read More »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) …
Read More »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 …
Read More »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 …
Read More »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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