Source: African Development Bank Group (AfDB) |

Multinational: African Development Bank approves $86.72 million loan to boost water security and socio-economic development in South Africa and Lesotho

The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho

The African Development Bank Group’s (AfDB.org) Board of Directors has approved a loan of $86.72 million to co-finance the second phase of the Lesotho Highlands Water Project. The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho. The project entails harnessing the…

Source: African Development Bank Group (AfDB) |

African Development Bank scoping study identifies opportunities for private sector participation in Africa’s climate agenda

The study was produced in partnership with the Fund for African Private Sector Assistance and launched during a virtual African Development Bank webinar held on 1 July 2021

A recently published African Development Bank (www.AfDB.org) scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation. The study, NDC implementation in Africa through green investments by private sector - A Scoping Study, was…

Source: African Development Bank Group (AfDB) |

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…

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

Social safety nets, community spirit help South African mother through Covid-19 crisis

About 2.6 million South Africans have lost their jobs since the pandemic hit

Around 40 km outside Cape Town, Leebah Bessick wipes sweat from her forehead as she digs a pitchfork into the earth at a neighbourhood community garden. It’s an unseasonably hot day here at Blackheath Secondary School and even a shady corner of the garden offers Bessick and the other gardeners…

Source: African Development Bank Group (AfDB) |

African Union holds global conference to accelerate African vaccine development and manufacturing capacity

The meeting was attended by several African heads of state, health, finance and trade ministers from across the continent

African leaders assembled at a global meeting to discuss the status of local pharmaceutical manufacturing on the continent, underscored the need to increase local production of vaccines and therapeutics to achieve greater public-health security. “The production of vaccines and access to vaccines is an absolute priority,” Cyril Ramaphosa, President of…

Source: African Development Bank Group (AfDB) |

Uganda tops African countries with well-developed electricity regulatory frameworks - ERI 2020 report

The third edition of the ERI report was launched during the Digital Energy Festival of the Africa Energy Forum, on 5 November 2020

Uganda has for the third time in a row emerged as the top performer in this year’s Electricity Regulatory Index Report published by the African Development Bank (www.AfDB.org). The East African country, along with Namibia, Tanzania, Zambia and Kenya, the other top performers, have regulators with the authority to exert…

Source: African Development Bank Group (AfDB) |

African Development Bank, Africa Investment Forum Founding partners, announce postponement of the Africa Investment Forum to 2021

The annual three-day investment marketplace was initially scheduled for November 2020 in Johannesburg, South Africa

The Board of Directors of the African Development Bank Group (www.AfDB.org) and the Africa Investment Forum (AIF) founding partners have approved the postponement of the 2020 Africa Investment Forum to 2021, due to the ongoing COVID-19 pandemic. The annual three-day investment marketplace was initially scheduled for November 2020 in Johannesburg,…

Source: African Development Bank Group (AfDB) |

Dissecting Africa’s Covid-19 response in the extractives sector: diversification, enhancing local content, offer solutions

Several economies in Africa are sustained by the extractive industry, with most national budgets dependent on mining and petroleum exports

The African Development Bank’s (www.AfDB.org) African Natural Resources Centre (ANRC) and the African Legal Support Facility (ALSF) hosted a dialogue on responses by governments and the industry to the COVID-19 pandemic in the extractive sector, focusing on South Africa, Ghana, Nigeria, and Kenya. The session, held 21 October and moderated by ALSF Director…

Source: African Development Bank Group (AfDB) |

African Development Bank’s second virtual business opportunities seminar of 2020, draws 250 global partners and suppliers

During the seminars, participants are informed about the Bank’s strategy for supporting economic growth, its priority areas and rules and procedures for project and corporate procurement

The African Development Bank (www.AfDB.org) hosted its second virtual business opportunities seminar in 2020 (BOS) on 13 and 14 October. The BOS offers a one-stop shop for individuals and consulting firms, civil contractors, manufacturers, suppliers, and diplomatic commercial attachés from the Bank Group’s regional and non-regional members seeking to provide…

Source: African Development Bank Group (AfDB) |

Supporting Public Private Partnerships in Africa: African Development Bank ready to scale up

The African Development Bank estimates Africa’s infrastructure financing needs at up to $170 billion a year by 2025

Representatives of the African Development Bank (www.AfDB.org), governments, Development Finance Institutions, the private sector and  professional associations joined a September 8 workshop to discuss how the Bank can strengthen support for Public Private Partnerships and channel greater investment toward economic and social infrastructure. The event, titled Designing the African Development…