The African Development Bank appoints Ms Yacine Fal as Acting Vice President, Regional Development, Integration and Business Delivery

The African Development Bank Group is pleased to announce the appointment of Ms. Yacine FAL, currently Director General, Cabinet Office of the President, as the Acting Vice President, Regional Development, Integration and Business Delivery of the African Development Bank Group. Her appointment is effective from 17 December, 2021. In her current position as Director General, Ms. Fal oversees the administrative and operational work and activities of the Cabinet Office of the President. This includes providing oversight of all units and […]

Read more

Dr. Alex Mubiru appointed Acting Director General, Cabinet Office of the President of the African Development Bank Group

The African Development Bank Group is pleased to announce the appointment of Dr. Alex Mubiru as Acting Director General, Cabinet Office of the President, effective from December 17, 2021. Dr. Mubiru, a citizen of Uganda, will hold this position until further notice, given the appointment of the Director General of the Office of the President, Yacine Fal, as Acting Vice President for Regional Development, Integration and Business Delivery. In addition to his role as Acting Director General, he will retain […]

Read more

Handbook on special economic zones in Africa

 Towards economic diversification across the continent Special economic zones are widespread across the developing world. Policymakers seek to develop special economic zones with the aim of attracting foreign direct investment, achieving higher experts and creating jobs. Indirect economic benefits range from upgrading of the local industrial base to being catalysts for innovation, knowledge and technological spillovers. Against a backdrop of growing global interest in zone-based development strategies, an increasing number of countries are adopting new special economic zone regimes […]

Read more

Huawei and UNESCO to Implement Project in Africa for Digital Education Systems

The three-year project will deliver online learning platforms for Ghana, Ethiopia, and Egypt At an online meeting on November 25, UNESCO and Huawei announced the launch of the implementations phase of the Technology-Enabled Open Schools for All (TeOSS) project in Ghana, Ethiopia, and Egypt. Aligned with UN SDG4, TeOSS will serve as a basis for powering the digital transformation of the education sector and support the three UNESCO member states in building resilient education systems that can withstand global disruptions […]

Read more

Finance in Africa report: green, smart and inclusive finance

By Nina Fenton, Claudio Cali and Ricardo Santos The EIB, in partnership with Making Finance Work for Africa, surveyed 78 banks in sub-Saharan Africa in early 2021 to see how they are coping during the COVID-19 pandemic and to learn their views on climate risk, green finance and digital financial services. This work formed the basis of our new Finance in Africa report. The report also provides an in-depth analysis of the state of play in the microfinance, private equity […]

Read more

South Africa: African Development Bank approves $57.67 million loan to Eskom to boost electricity generation from renewable sources

The Board of Directors of the African Development Bank has approved a $57.67 million loan to Eskom Holdings SOC Ltd, South Africa’s public electricity utility—and Africa’s largest— to harness battery storage technology that will increase electricity generation from reliable and efficient renewable energy sources.  The Bank’s financing, a concessional loan, will come from the Clean Technology Fund, a multi-donor trust fund under the Climate Investment Funds. The pioneering Battery Energy Storage Systems Project is being co-financed with the World Bank […]

Read more

African Development Bank and AfCFTA Secretariat partner to stimulate industry

African Development Bank Group President, Dr. Akinwumi A. Adesina, said on Friday that the Bank will integrate the African Continental Free Trade Area (AfCFTA) into its country and regional integration strategies. Receiving AfCTA Secretary-General Wamkele Mene, in Abidjan on 29 October, Adesina said “the implementation of the free trade area will become a key component of the Bank’s lending program. We want to have a critical mass of AfCFTA-aligned investments.” Adesina said the Bank would support the AfCTA Secretariat in […]

Read more

Mainstream Renewable Power projects to deliver 1.27 GW of new wind and solar for South Africa

  Mainstream Renewable Power-led consortium has been awarded 50% of the total allocation in the latest round of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) The win makes Mainstream Renewable Power the leading renewable energy company in South Africa, with over 2.1 GW awarded under the REIPPPP to date The twelve projects, across onshore wind and solar, will generate enough clean energy to power a third of the annual electricity demand of the City of Cape Town […]

Read more
1 2 3