Africa must use all its comparative advantages to mobilize the resources it needs to finance its sustainable development ambitions. Since 2010, official development assistance has declined, falling to its lowest level of $34 billion in 2022, according to Organisation for Economic Co-operation and Development (OECD) estimates. Access to international capital markets remains constrained and...

It is one of the few successful operations organized by Mali since the beginning of this year, which has been tough for WAEMU countries raising funds on the regional capital market. This performance confirms the positive trend observed since the beginning of April 2023.  Mali raised CFAF30 billion ($50.2 million) by auctioning public securities on the West African Economic and Monetary...

In 2021, five of the 39 beneficiaries accounted for 82% of non-oil exports to the US under the AGOA. That year, textiles and apparel made up the largest share of the beneficiaries’ exports under that scheme.  The preferential trade program AGOA has had positive impacts on only a handful of the beneficiary countries, according to a report released by the U.S. International Trade Commission...

The president of the African Development Bank Group, Dr. Akinwumi Adesina, has called for a significant increase in Japanese investment in Africa, saying the continent is the world’s best investment destination now and in the future. Dr. Adesina is leading a Bank delegation on a five-day visit to Japan during which he will meet senior government officials, large Japanese companies, development...

The African Development Bank Country Office in Sao Tome and Principe held its maiden Open Day on 23 March 2023 to discuss its country strategy and portfolio, opportunities, and interventions for the island nation’s sustainable and inclusive development. Some 31 representatives of civil society organizations (CSOs) joined the discussions, particularly on issues relating to youth employment,...

The African Development Bank and ILX Management B.V. (ILX) today signed a partnership agreement to scale up investments and spur institutional investor capital mobilization for Sustainable Development Goals and climate-focussed private sector projects in the Bank Group’s regional member countries. The signing ceremony took place at the offices of ILX Management in the Netherlands capital...

The African Development Bank recently hosted a workshop for stakeholders in Kenya’s energy sector to discuss the new Public-Private Partnership Act 2021 and how it can advance the country’s power industry. The 23 March to 24 March event was organized together with the Kenya Electricity Transmission Company (KETRACO), the country’s power transmission agency. Participants looked at the...

Tanzania aims to connect at least 75% of its population to broadband internet. To achieve that goal, the executive is increasing investments to strengthen the national telecom infrastructure.  Last Monday, incumbent telecom operator Tanzania Telecommunications Company Limited (TTCL) signed a partnership agreement with the local subsidiary of Chinese technology company Huawei. The agreement...

The brewing giant, which recently bought South African spirits producer Distell, plans to build a new brewery and malting plant. Brewing group Heineken announces it will invest ZAR15.5 billion (about $852 million) in South Africa over the next five years. The investments, which were announced at the 5th South Africa Investment Conference (SAIC), include the construction of a new brewery...

The Congolese banking institution has signed a $10.9 million facility with Afreximbank to strengthen the factoring services it offers local SMEs. The African Export-Import Bank (Afreximbank) announced, Tuesday,  a financing agreement with the Postal Bank of Congo (BPC). Under that agreement, it will provide a €10 million ( $10.9 million) factoring facility to allow the...