The Board of Directors of the African Development Bank Group has approved the Country Strategy Paper (CSP) 2023-2028 for Malawi on 16 November 2023. 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.

AfDB Group approves Country Strategy Paper (CSP) 2023-2028 for Malawi

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…

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The African Development Bank Group has committed €43 million to two new projects that will boost access to hygiene, water and sanitation and the resilience of vulnerable communities in Burkina Faso. The projects, which the Burkinabe government launched on 21 November, include the Water and Sanitation Services Improvement Project for Resilience Building (PASEPA-2R), covering six regions with a population of more than 8 million.

AfDB supports new hygiene, water and sanitation projects in Burkina Faso with €43 million

The African Development Bank Group has committed €43 million to two new projects that will boost access to hygiene, water and sanitation and the resilience of vulnerable communities in Burkina Faso. The projects, which the Burkinabe government launched on 21 November, include the Water and Sanitation Services Improvement Project for Resilience Building (PASEPA-2R), covering six…

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The African Development Bank has revised its short to medium-term macroeconomic forecast for Africa, for 2023 and 2024 downwards to 3.4% and 3.8%, from 4.0% and 4.3%. The slightly lower figures reflect the persistent long-term effects of COVID-19, geopolitical tensions and conflicts, climate shocks, a global economic slowdown, and limited fiscal space for African governments to adequately respond to shocks and sustain post-pandemic economic recovery gains.

African Development Bank Revises Economic Forecast for Africa downwards

The African Development Bank has revised its short to medium-term macroeconomic forecast for Africa, for 2023 and 2024 downwards to 3.4% and 3.8%, from 4.0% and 4.3%. The slightly lower figures reflect the persistent long-term effects of COVID-19, geopolitical tensions and conflicts, climate shocks, a global economic slowdown, and limited fiscal space for African governments…

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The Board of Directors of the African Development Bank Group has approved an $80 million loan to finance the Ekiti Knowledge Zone project in Nigeria. The Zone seeks to promote digital innovation and entrepreneurship, generate 26,000 jobs, and contribute some $14 million annually in net economic benefits.

AfDB approves $80 million for investment in Ekiti Knowledge Zone

The Board of Directors of the African Development Bank Group has approved an $80 million loan to finance the Ekiti Knowledge Zone project in Nigeria. The Zone seeks to promote digital innovation and entrepreneurship, generate 26,000 jobs, and contribute some $14 million annually in net economic benefits. The Ekiti Knowledge Zone is a federal government-backed…

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L to R: Sokoto State Deputy Governor Idris Mohammed Gobir, Kano State Deputy Governor Aminu Abdussalam, Zamfara State Governor Dr Dauda Lawal, Katsina State Governor Mallam Dikko Umar Radda, African Development Bank Group President Dr Akinwumi Adesina, Kebbi State Governor Dr Nasiru Idris, Kaduna Deputy Governor Dr Hadiza Sabuwa Balarabe, Jigawa State Governor Alhaji Umar Namadi

7 State Governors from Nigeria visit African Development Bank, seeking cooperation

Seven newly elected Nigerian State Governors visited the African Development Bank Group in Abidjan to strengthen cooperation and unlock the country’s vast agricultural potential. The delegation, meeting with Bank President Dr Akinwumi Adesina, was led by Katsina State Governor Mallam Dikko Umar Radda, and included Governors Dr Nasiru Idris of Kebbi State, Alhaji Umar Namadi…

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Africa Investment Forum secures $34.82 billion in investor interest

The Africa Investment Forum’s 2023 Market Days generated $34.82 billion in investment interest for infrastructure, agriculture, health, and creative industry projects. The three-day global event, with the theme “Unlocking African Value Chains,” ended on Friday in the Moroccan city of Marrakech, the event drew over 1,000 delegates from more than 60 countries. “We are building…

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