Source: African Development Bank Group (AfDB) |

Tanzania: African Development Bank’s $55 million facility to jumpstart private sector-led economic growth

Support from the Bank’s African Development Fund will bolster ongoing reforms being undertaken by the government of Tanzania

The African Development Bank (AfDB.org) has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in the country’s growth. These critical reforms will lead to a more vibrant economy, which will improve the living conditions of Tanzanians, particularly the poor…

Source: African Development Bank Group (AfDB) |

Kenya & Tanzania: Over 3 million people to benefit from African Development Bank’s €345 million road construction support

The total amount of co-financing is expected to be more than $ 1.2 billion when subsequent phases of the project are concluded

Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s (https://www.AfDB.org/) board in Abidjan on Thursday. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African…

Source: African Development Bank Group (AfDB) |

“Let’s address skills mismatch in jobs for the youth,” speaker tells African Economic Conference

According to Adamon Mukasa, senior researcher at the African Development Bank, under-skilled youth represented 28.9% of Africa’s population

The second day of the 2019 African Economic Conference, exploring ways to create jobs for Africa’s youth,  focused on the youth skills gap issue across the continent. The conference in the Egyptian resort of Sharm El Sheikh is hosted by the African Development Bank (AfDB.org) in partnership with the United…

Source: African Development Bank Group (AfDB) |

2019 African Economic Conference: Work as one and listen to the youth to create jobs for Africa’s next generation, delegates urge policymakers

One of the highlights of this year’s conference was a session for young African entrepreneurs to share their work and ideas to shape the future of the continent

Africa must work as one to turn the continent’s ‘youth bulge’ into opportunities, delegates at the closing of the 2019 African Economic Conference said on Wednesday. The three-day conference in Sharm El Sheikh, Egypt, discussed initiatives for boosting entrepreneurship, improving the business ecosystem, access to capital and better infrastructure –…

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

Bring us to the table to unlock youth jobs and power growth, say young African entrepreneurs

The recommendations from the youth dialogue were presented to African ministers at a ministerial roundtable later at the African Economic Conference (AEC)

Young African entrepreneurs urged to make their voices heard in business policy-making across the continent and called on governments to implement friendlier tax policies, improve access to finance and boost support for youth-led businesses to create jobs. Speaking at the 2019 African Economic Conference in the Egyptian resort of Sharm…

Source: African Development Bank Group (AfDB) |

Fostering jobs, entrepreneurship, and capacity development for African youth: the time for disruption is now! (by Hanan Morsy)

The 2019 African Economic Conference (AEC) is held in Egypt and hosted by the Bank on the theme; “Jobs, entrepreneurship and capacity development for African youth"

by Hanan Morsy “There is no greater asset to Africa than its youth,” a statement that has been repeatedly proclaimed, but the continent still has a long way to go. Despite robust economic growth over the past two decades, a 1 percent increase in growth between 2000–14 was associated with…

Source: African Development Bank Group (AfDB) |

Hola, Madrid! African Development Bank takes the continent’s climate agenda to COP25 in Spain

The Bank has doubled its total climate change commitment to $25 billion between 2020 and 2025

The Bank is playing a leading role in guiding progress on climate change on the continent. The Bank has doubled its total climate change commitment to $25 billion between 2020 and 2025. The African Development Bank (http://www.AfDB.org) will on Monday kick off a campaign to plead the continent’s case at…

Source: African Development Bank Group (AfDB) |

2019 conference on land policy in Africa: why it matters for the continent, by Cosmas Milton Ochieng

The theme of this year’s Conference on Land Policy in Africa is “Winning the fight against corruption in the land sector in Africa

Cosmas Milton Ochieng, an expert in natural resource governance and economic development in Africa, is the Director of the African Natural Resource Centre at the African Development Bank (https://www.AfDB.org). In collaboration with the African Union Commission and the United Nations Economic Commission for Africa, the African Development Bank will host…

Source: African Development Bank Group (AfDB) |

2019 Africa Investment Forum: Achieving an African economy four times bigger with only a 50% increase in energy demand

The Africa Investment Forum (AIF) brings together project sponsors and investors, borrowers, lenders, policy makers and public and private sector investors

Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African Investment Forum in Johannesburg, South Africa. Africa Energy Outlook 2019 found…

Source: African Development Bank Group (AfDB) |

2019 Africa Investment Forum Kicks Off Delivering on the Promise to Redefine and Unpack the Continent’s Investment Opportunities

The 2019 Africa Investment Forum opened on Monday living up to its promise to move from commitment to action

$500 million equity closed for the Africa Infrastructure Investment Fund to speed up investments in agriculture; Financial close for the Africa Guarantee Fund $175 Equity transaction to support Small and Medium Size Enterprises, and $350 million for South Africa’s beef agro-processing project. The 2019 Africa Investment Forum opened on Monday…