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Day: 30 July 2024

African Development Bank launches 54 Country Focus Reports

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The African Development Bank Group has launched  Country Focus Reports designed to deepen policy dialogue on the macroeconomic performance and outlook of individual countries and to act as an indispensable tool for policy makers, government and development partners. The reports, in line with the theme of the 2024  African Economic Outlook report titled, “Driving Africa’s Transformation: The…

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The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of EUR 74.25 million to Cameroon in Abidjan to implement the first phase of the Electricity Sector Recovery Support Programme (PARSEC). The programme will support the Cameroonian government to implement the reforms necessary in the energy sector in 2024 and 2025 so that, in the long term, the country can produce enough electricity to cover its national requirements of 5,000 megawatts and build a reserve to export energy to neighbouring countries, particularly Chad.

Italy’s CDP and AfDB to invest €400 million in Africa’s Private Sector Growth

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Italy’s National Promotional Institution Cassa Depositi e Prestiti (CDP) and the African Development Bank Group plan to jointly invest up to €400 million over five years, to boost the continent’s private sector growth through the newly established Growth and Resilience Platform for Africa (GRAf). Under the new collaboration, both financial institutions will support the continent’s…

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