Source: African Development Bank Group (AfDB) |

Seychelles: African Development Bank approves $20 million loan to support Covid-19 recovery

The government program aims to deepen reforms introduced through the Bank’s Covid-19 Crisis Response Budget Support Program

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program, expected to help drive the island nation’s macroeconomic stability and recovery from Covid-19 in the medium-term. The government program aims to deepen reforms…

Source: African Development Bank Group (AfDB) |

COVID-19 stresses the need to transform Africa’s water, sanitation and hygiene services sector (By Osward M. Chanda)

The SWA Africa Region Finance Ministers’ Meeting held 4 November, highlighted a need for the continent’s Ministers of Finance to place more focus on and increase investments for water, sanitation and hygiene (WASH)

By Osward M. Chanda Alarming headlines that announced the arrival of the coronavirus pandemic in Africa in March 2020 have given way to stories of chin-stroking scientists wondering about the reasons for the relatively mild impact – compared to other continents – which COVID-19 has had on Africa. More than…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

East Africa holds its ground as Africa’s fastest growing region, despite COVID-19 disruption

Prior to the COVID-19 pandemic, the region’s economic growth was projected at more than 5 percent, well above continent’s average of 3.3 percent and global average of 2.9 percent

COVID-19 curbs East Africa’s growth, but still the strongest in the continent; Report calls for transition to higher value-added activities to build resilience to shocks. Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 percent, a rate that outstrips other African…

Source: African Development Bank Group (AfDB) |

Seychelles: African Development Bank extends $10 million loan to support COVID-19 responses as economy reopens

Against a backdrop of declining revenues, the Seychelles government recently amended its budget to respond more effectively to COVID-19

The Board of Directors of the African Development Bank (www.AfDB.org) on Monday approved a $10 million loan to the Republic of Seychelles to support the government’s COVID-19 response program. The loan will be channeled toward macroeconomic stabilization, strengthening national health responses to the COVID-19 pandemic, and safeguarding livelihoods and social…

Source: African Development Bank Group (AfDB) |

Seychelles: African Development Bank Supports Blue Economy with $800k Fund for African Private Sector Assistance (FAPA) grant

The country’s Blue Economy Strategic Policy and Road map prioritizes the development of new and emerging maritime sectors

The African Development Bank (www.AfDB.org) has signed an $800,000 grant agreement with the government of Seychelles to support micro, small and medium enterprises (MSMEs) in its Blue Economy sector.  The package will help Seychelles develop its marine biotechnology sector, strengthen the capacity of public institutions and private operators, create a…

African Development Bank Group (AfDB)
  • Multimedia content

  • Images (2)
    • Left to Right: Bank Executive Directors Paal Bjornestad, Amos Kipronoh Cheptoo (partly hidden), Mmakgoshi Lekhethe, Judith Kateera, Mbuyami Ilankir Matungulu, Zimbabwe President Emmerson Mnangagwa and Finance and Economic Development Minister Professor Mthuli Ncube
    • Bank Executive Directors; Mmakgoshi Lekhethe, Mbuyami Ilankir Matungulu, Kenyeh Barlay, Paal Bjornestad, Judith Kateera and Amos Kipronoh Cheptoo at Kopa Bridge over Rusitu River in Chimanimani
  • Links (1)
  • All (3)
Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites

The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions

A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of officials including President Emmerson Dambudzo Mnangagwa. The delegation also met officials from various ministries, civil society, private sector and multilateral financial institutions, during…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

2019 Africa Visa Openness Index: African Union Commission, African Development Bank report shows wins in visa restrictions across Africa

This fourth edition of the Index shows that 47 countries improved or maintained their visa openness scores in 2019

For the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival; Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa. Dowload report: https://bit.ly/2rwlzQ9 For the first time, African travellers have liberal access…

Source: African Development Bank Group (AfDB) |

African leaders share their vision for an integrated continent

The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s 2019 Annual Meetings

Leaders from four African countries on Wednesday shared their vision for an integrated and borderless Africa that would foster economic growth and development. The leaders spoke during a high-level presidential dialogue on day two of the African Development Bank’s (www.AfDB.org) 2019 Annual Meetings. The panelists – President Teodoro Obiang Nguema…

Source: African Development Bank Group (AfDB) |

The African Development Bank Group is pleased to announce the appointment of Dr. Mateus Magala as Vice President for Corporate Services and Human Resources, effective from September 1, 2018

He worked earlier at the African Development Bank from 2008-2015 in various roles

The African Development Bank Group (https://www.AfDB.org/en/) is pleased to announce the appointment of Dr. Mateus Magala as Vice President for Corporate Services and Human Resources, effective from September 1, 2018. Dr. Magala, a citizen of Mozambique, is currently the Chairman and Chief Executive Officer of the Electricity of Mozambique (EDM).…