Growth in Sub-Saharan Africa is Diverging
Stagnating incomes in sub-Saharan Africa’s resource-intensive economies necessitate more effective fiscal management and broad-based structural reforms
Sub-Saharan Africa is home to nine of the world’s top twenty fastest-growing economies this year. Such startling statistics, however, rarely feature in discussions of the region’s outlook. Instead, headline figures typically emphasize the relatively modest average economic performance. This disconnect reflects a two-track growth pattern, where a significant part of the region underperforms.
IGAD Supports Uganda to Review its National Land Policy 2013 in Buganda Cluster
November 11-12, 2024(Buganda Cluster, Seeta, Mukono – Uganda): As part of the review of Uganda’s National Land Policy (2013), the Intergovernmental Authority on Development (IGAD), through the Land Governance programme of its Agriculture and Environment Division, convened a two-day workshop for the Buganda Cluster in Mukono/Seeta, Uganda.
ECOWAS and the Kingdom of Spain Strengthen their Cooperation Through a Review of Joint Priority Programmes for the Period 2024-2027
Within the framework of strengthening cooperation and monitoring the 2024-2027 joint priority programmes between ECOWAS and the Kingdom of Spain, the ECOWAS External Relations Directorate and the Spanish Cooperation Office held a technical working session on Tuesday 05 November 2024 in Abuja, Nigeria.
Climate Action Essential to Senegal’s Upper-Middle-Income Country Aspiration, says New Report
A new World Bank Group report highlights the significant economic and social benefits of climate action in Senegal as it pursues its Vision 2050 development plan.
African Development Bank Launches Project to Empower Vulnerable Youth and Women in The Gambia
A new landmark initiative focusing on fostering self-reliance through social support services, support to entrepreneurs and building their business skills is set to impact thousands of vulnerable youth and women in The Gambia.
COP29: Lack of Clean Cooking Access Poses Deadly Risks for Millions in Africa, Leaders Urge Action
African policymakers and international partners meeting at this year’s UN Climate Change Conference, COP29 on Tuesday highlighted the urgent crisis posed by lack of access to clean cooking, a challenge impacting 1.2 billion people across Africa and leading to millions of premature deaths annually.
Central African Republic: African Development Bank grants Ecobank €5 million Trade Finance Transaction Guarantee Facility to support local businesses and SMEs
The African Development Bank Group’s Board of Directors has approved a €5 million Trade Finance Transaction Guarantee Facility for Ecobank Centrafrique. This facility, signed off on October 31, allows the Bank to provide up to 100 percent guarantees to confirming banks against non-payment risks on Letters of Credit and similar trade finance instruments issued by Ecobank Centrafrique for local businesses and SMEs.
African Development Bank Invests $55 bln to Bolster Economic Integration Across Africa
The African Development Bank Group has invested $55 billion in regional connectivity across Africa over the past decade, demonstrating its commitment to enhancing continental integration and trade.
Climate Investment Funds Capital Markets Mechanism announces bond listing on LSE to boost climate finance for Africa
The Climate Investment Funds Capital Markets Mechanism (CCMM) has announced its bond listing programme(link is external) on the London Stock Exchange, a move that will help to raise new climate finance at-scale from the international capital markets, for Africa and the developing world.
Côte d'Ivoire: African Development Bank grants loan of over €24 million to improve fisheries and aquaculture sectors, benefitting some 700,000 people
The Board of Directors of the African Development Bank Group approved a loan of €24.63 million to Côte d'Ivoire to boost the development of fisheries and aquaculture value chains. This funding will enable the country, which has been undergoing rapid growth, to increase the sector's contribution to the blue economy, both nationally and locally.