Niger is dealing with heavy sanctions imposed by both the international and regional community to express their stance against the July 26 coup. The financial burden that comes with these measures has led the government to lower its state budget for 2023. The Niger government has announced it is revising the 2023 finance act downward to CFA1,981 billion ($3.18 billion) from an initial forecast...

ARISE IIP, a pan-African developer and operator of world-class industrial parks, is acquiring a 17.6% stake in Crystalchain, a French company expert in traceability through blockchain technology. Together, they are joining forces to combat climate change and strengthen traceability within industrial ecosystems. This joint initiative will be deployed across ARISE IIP’s industrial parks and...

The Africa Investment Forum Market Days will take place as scheduled from 8-10 November 2023 at the Palais des Congrès in Marrakech, Morocco. The Bank and the government are working closely to ensure the success of the event without disrupting the reconstruction efforts that have been ongoing since the devastating earthquake in the country on 8 September 2023. The Bank is committed to...

The African Development Bank and the International Organization for Migration (IOM) have produced a joint report examining the nexus between humanitarian, peace, development and migration. The report, titled Diaspora Engagement, Climate-Induced Migration and Skills Mobility: A focus on Africa, was discussed in a special session in Abidjan held on Thursday 5 October, the final day of the fifth...

On Tuesday 3 October, the Board of Directors of the African Development Bank Group, meeting in Abidjan, approved a grant of $6.72 million to The Gambia to support implementation of the first phase of the Public Financial Management and Economic Reform Programme. The Bank's financial support comes under Pillar 1 of the Transition Support Facility, which is intended for states affected...

The report recommends that international institutions like the UNFPA and the World Bank highlight the positive outcomes of fertility control for household welfare as a key driver for promoting family planning, rather than solely focusing on the argument of accelerated economic growth. Households in sub-Saharan Africa have witnessed a rise in their wealth and a drastic drop in infant mortality,...

Telecel Group, the majority shareholder of Vodafone Ghana, is thrilled to announce the successful expansion of Vodafone Ghana’s network infrastructure by adding a remarkable 300 new 4G sites, most of which have been activated across various regions in Ghana. This achievement has been accomplished in record time and stands as a direct testament to Telecel’s unwavering commitment to providing...

Côte d'Ivoire secured $3.5 billion from the International Monetary Fund (IMF) last May, to implement an economic reform program. The Fund recently reviewed the deal for the first time and said it was happy with the results. The IMF will back Côte d’Ivoire’s economic program with $500 million. The announcement was made at the end of a visit to Abidjan by an IMF mission, led by...

The African Development Bank Group on Tuesday signed two loan agreements with the Government of Angola to improve access to climate-resilient and sustainable sanitation services in four coastal towns serving a combined population of 1.4 million. The agreements for a $75 million loan from the African Development Bank and $49.4 million from the Africa Growing Together Fund (AGTF) will...

The 13th African Public Private Summit (APPP) is set to host a transformative event featuring the most valuable speakers, insights, and topics. With a stellar lineup of sessions and renowned speakers, the event promises to be an invaluable experience for professionals, policymakers, and investors alike.  Key Sessions – Why You Cannot Miss This Event?  OPENING SESSION - HIGH LEVEL...