Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s…
Denis Kakembo has solidified his standing as a notable legal practitioner and thought leader in energy, oil and gas and tax matters, serving as a trusted professional advisor to major…
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A leaked memo from the Office of the Prime Minister reveals that the government of Uganda plans to review and possibly approve borrowing proposals amounting to over USD 1.6 billion (UGX 5.8 trillion) during a cabinet-level meeting scheduled for Wednesday, March 26, 2025. The meeting, convened by the Prime Minister, is expected to consider 12 separate loan requests from various ministries and government agencies, targeting key sectors such as roads, energy, water, health, agriculture, and financial services. Loan proposals listed in the memo: €186.97 million and an additional €19.46 million from the African Development Bank for the Busega–Mpigi Expressway. €198.6…
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The African Tax Administration Forum (ATAF) and the African Development Bank (AfDB) have marked ten years of collaboration dedicated to advancing Africa’s development through enhanced Domestic Resource mobilisation (DRM). ATAF with over 20 member states including Uganda, Burkina Faso, Burundi, Cameroon among others has registered progress over the years. This long-term partnership underlines a shared commitment to strengthening tax policy, tax administration, and public financial management across the continent, which are essential for African countries to fund their national development plans and achieve the Sustainable Development Goals (SDGs). Rather than introducing new taxes or increasing existing rates, the partnership emphasises…
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Rwandan President Paul Kagame has tapped Jean-Guy Afrika, a fellow Rwandan seasoned economist who spent over a decade at the African Development Bank, to lead the Rwanda Development Board (RDB) as the new Chief Executive Officer. RDB is a government institution, under the supervision of the Office of the President, mandated to accelerate Rwanda’s economic development by enabling private sector growth. Before his appointment as new CEO of RDB, Jean-Guy worked as the Director of the Regional Integration Coordination Office at the African Development Bank Group, with a special advisory role to the senior management on regional integration and resource…
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The board of directors of the African Development Bank Group has approved a loan of $252.83 million to Uganda, to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The board made the approval in a meeting in Abidjan, Ivory Coast on December 1. The financial support consists of two loans: $179.68 million from the African Development Bank and $73.15 million from the African Development Fund, the Bank Group’s concessional loan window. “The Laropi-Moyo-Afoji/Katuna-Muko-Kamuganguzi road project is intended to improve rural transport connectivity and facilitate regional integration in the districts of Kabale, Rubanda, and Moyo, in Uganda. It will boost…
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The African Development Bank returns as a top-tier partner of the African Green Revolution Forum (AGRF) – Africa’s largest agriculture conference – taking place in Kigali, Rwanda, from 6-9 September 2022. On Monday, the Bank kicked off its AGRF 2022 activities by co-organizing a pre-forum side event focused on the African Emergency Food Production Facility at the Kigali Convention Center. The Bank’s $1.5 billion Facility is an unprecedented, comprehensive initiative to support smallholder farmers filling a food shortfall of at least 30 million metric tons of food – especially wheat, maize, and soybeans imported from Russia and Ukraine. Bank Vice President for Agriculture,…
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The African Development Bank has appointed Dr. Alex Mubiru as Director General in the Cabinet Office of the Bank Group’s President, with effect from 16 August 2022.Dr. Mubiru, a Ugandan national, brings close to 25 years of experience to the position, with a proven track record in the various positions he has held at the African Development Bank, and elsewhere.Mubiru has been Acting Director General in the Cabinet Office of the President since December 2021 and Director of Strategy and Delivery, in the same office.Mubiru joined the Bank as Principal Research Economist in 2009 and has since served in various…
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African Development Bank President Dr. Akinwumi A. Adesina has declined calls to stand for Nigerian President saying he remains fully engaged to the mission of developing Africa. He, in a statement, however, a acknowledges the goodwill, kindness and confidence from well wishers who would have wanted him to contest of Nigeria’s highest office. Below is the full statement: I have been extremely humbled by several calls from Nigerians at home and abroad that I should consider running for the office of the President of the Federal Republic of Nigeria.I am very touched by all who have gone to great extent,…
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