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) |

Cabo Verde: African Development Bank Group approves 30 million euros loan to fight COVID-19

The loan, approved on 26 May, will be used to fund the country’s health and social response, support macro-economic stability, and assist the private sector

The Board of Directors of the African Development Bank (www.AfDB.org) has extended a loan of €30 million to Cabo Verde to help the West African island nation fight the COVID-19 outbreak and mitigate its economic impacts. The loan, approved on 26 May, will be used to fund the country’s health…

Source: African Development Bank Group (AfDB) |

Africa Regional Integration Index underlines integration as key to building more resilient economies

The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa

The second Africa Regional Integration Index (ARII 2019) was launched Friday by the Economic Commission for Africa (ECA), the African Development Bank (www.AfDB.org) and the African Union Commission (AUC), with a call to action to African economies to deepen their integration. The 2019 Index, which builds on the first edition…

Source: African Development Bank Group (AfDB) |

Kenya: €188m African Development Bank loan to boost COVID-19 response

The loan will extend additional resources to Kenya as the country takes steps to contain the spread of the pandemic and deal with its unprecedented impact

The Board of Directors of the African Development Bank (www.AfDB.org) today approved an €188 million loan to support the Government of Kenya’s efforts to respond to the COVID-19 pandemic and mitigate the related economic, health and social impacts. The loan will extend additional resources to Kenya as the country takes…

Source: African Development Bank Group (AfDB) |

Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs

The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole

The Board of the African Development Bank (www.AfDB.org) on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The Bank…

Source: African Development Bank Group (AfDB) |

25th United Nations Climate Change conference (COP 25): ‘Africa’s future depends on solidarity’ Leaders and development partners rally around climate change goals

Speakers called for a united front to tackle the challenges of climate change in Africa

There was standing room only as ministers, diplomats, activists and journalists gathered at the IFEMA conference centre in Madrid to mark Africa Day at the COP 25 climate meeting. Speakers called for a united front to tackle the challenges of climate change in Africa. In the opening statement for Africa…

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…

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

Guinea-Bissau: African Development Bank presents the Lusophone Compact to private sector at Economic Forum

The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products and technical assistance

The African Development Bank (http://www.AfDB.org) presented the Lusophone Compact to the private sector in Guinea-Bissau last month, during an event at the national Economic Forum. The Lusophone Compact, a financing platform involving the African Development Bank, Portugal, and the six Portuguese-speaking countries of Africa (PALOPs), provides risk mitigation, investment products…

Source: African Development Bank Group (AfDB) |

Charming Sharm El Sheikh in Egypt lays the red carpet for the 14th Edition of the African Economic Conference

More than 500 researchers, NGOs, policymakers will meet 2-4 December to promote jobs, entrepreneurship and capacity development for African youths

It is in Sharm El Sheikh, Egyptian seaside town, nestled between the desert of the Sinai Peninsula and the Red Sea, that the 14th Edition of the African Economic Conference (AEC) (http://bit.ly/2O6yNvX) will take place. Slated for 2-4 December 2019, the AEC will focus on the theme, “Jobs, Entrepreneurship and…

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…