The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved funding worth EUR 28 million to build solar power plants in Gassi and Lamadji, Chad. This is part of the Bank’s Desert to Power program to increase energy access across Africa. The funding includes EUR 20 million in direct support, combining a…
The African Development Bank Group’s Boards of Directors have approved yesterday the proposal by the Bank’s Management to construct a modern, state-of-the-art building to host its headquarters in Côte d’Ivoire’s commercial capital, Abidjan. The executive directors unanimously approved the proposal, stating it was important for the Bank to maintain its strong presence in Abidjan and…
President Tinubu has issued an Order on Critical National Information Infrastructure The objectives of the Order are to: designate certain Information and Communications Technology systems (ICT), networks and infrastructure operating in Nigeria, as Critical National Information Infrastructure (CNII) develop cohesive measures and strategies for the security and of CNII, and ensure their continued operation; adopt…
·       The agreement seeks to provide a platform for intervention across the affordable housing value chain. Shelter Afrique Development Bank (ShafDB), a leading Pan-African institution committed to financing and advancing housing, urban, and related infrastructure development, has signed a Memorandum of Understating (MOU) with CPF Group, aimed at scaling up the development of large-scale affordable housing…
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…
The Board of Directors of the African Development Bank Group has approved the Country Strategy Paper (CSP) 2023-2028 for Malawi. The strategy focuses on two priority areas: improving economic infrastructure to develop the industrial sector by investing in energy, transport, water, sanitation, and hygiene, and supporting economic diversification through investments in agriculture value chains. “The…
The Board of Directors of the African Development Bank Group has approved a €101.10 million loan to Kenya to implement the third phase of the Last Mile Connectivity Project. The project will improve electricity access for households, social infrastructure and micro, small and medium enterprises. The project will also benefit from a $13.17 million (€12.12 million) loan…
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a donation of EUR 34.27 million to Chad in Abidjan to implement the second phase of the Semi-urban and Rural Drinking Water Supply and Sanitation Programme in 11 of the country’s regions. The financial support comes from resources under Pillar I of…
Eritrea has a long coastline on the Red Sea but limited fresh water. Its erratic rainfall has left most of the country arid. This is a challenge for Eritreans who depend on agriculture and livestock for their livelihoods. But things are changing. In the space of three years, Eritrea harnessed local engineering talent and mobilised…
By Simbo Olorunfemi “It always seems impossible until it’s done” – Nelson Mandela By all standards, the commissioning of the Dangote refinery and petrochemical project after almost 10 years since the dream was conceived is a phenomenal statement on the fact that nothing is impossible if we will draw to dream, set our minds to…
