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The African Development Bank Group has commended Rwanda for making significant progress in the growth of its road network, education needs and energy access which has proved to have last mile impact on its citizens over the last five years. Rwanda is a beneficiary of the African Development Fund – the Bank Group’s concessional funding window – secured in November 2021, and is focused on two priority areas. The first priority area is strengthening physical infrastructure to increase productive resources and reduce the cost of doing business, and the second is developing skills and financial capacity to boost the private…
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This April, Rwandans in Rwanda and the world over commemorate 30 years (Kwibuka30) after the ghastly genocide in which more than 1,000,000 Tutsi, were killed. But like the Rwandan President Paul Kagame, remarked at the Kwibuka30, this year’s commemoration is a mix of both “grief and gratitude in equal measure”. “We remember our dead and are also grateful for what Rwanda has become,” Kagame told friends of Rwanda at the ceremony held at the Kigali Genocide Memorial, in Kigali, Rwanda, on Sunday, April 7, 2024. The genocide began on April 7th 1994. The East African nation, under the leadership…
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The African Development Bank Group is providing $301 million to overhaul the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project will bolster rail services and lower transportation costs in a region endowed with agricultural land, minerals and petroleum production and manufacturing. The financing approved Wednesday by the Group’s Board of Directors consists of loans and grants from the Africa Development Bank and its concessional lending window, the African Development Fund. The…
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The infrastructural deficit remains one of the greatest impediments to Africa’s development and industrialization. According to the African Development Bank, the continent has an annual infrastructural financing gap in the range of $68–$108 billion. To bridge this gap, the African Development Bank Group and Africa50, in partnership with the African Union Commission and the African Union Development Agency (AUDA-NEPAD) have launched a new initiative, the Alliance for Green Infrastructure (AGIA) at the sidelines of COP27, to fast track Africa’s transition to green infrastructure. Africa contributes to a meager 3% of the global emissions yet suffers the hardest brunt of climate…
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The African Development Bank Group Board of Directors has approved financing of $150 million to Kenya to support a major highway development project under the government’s First Mover Public-Private Partnership (PPP) programme.The project will see the development of the A8 and A8 South highways. The existing 175km A8 road from Rironi to Mau Summit will be transformed into a four-lane carriageway and the 57.8 km two-lane A8 South, from Rironi to Naivasha will be strengthened and maintained over a period of 30 years.Both roads are major routes stretching across the most densely populated parts of the country, beginning in Nairobi,…
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The Board of Directors of the African Development Bank Group has approved a grant of $8.1 million to South Sudan to fund its Emergency Food Production Programme.Allocated through the Transition Support Facility, the grant constitutes additional financing to the ongoing Agricultural Markets, Value Addition and Trade Development Project (AMVAT). AMVAT seeks to contribute to reduced food insecurity, poverty reduction, economic growth and building of community and household resilience and social cohesion.Exacerbated by climate hazards, the threat of a food crisis has long loomed over South Sudan, which has not been food self-sufficient since 2009. Some 8.9 million people, more than 70%…
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The African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers. “Women’s business associations, incubators, accelerators, and cooperatives that advance women’s entrepreneurship, can apply for funding for innovative projects or programs to bolster the skills of small and medium enterprises (SMEs) owned and run by women across Africa, the Bank announced,” the bank says in a press release. “Entrepreneurship enablers, which include business associations and civil society organizations, play an important role in empowering women to establish bankable SMEs and other businesses. However, the enablers themselves often face challenges,…
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The African Development Bank Group, on 20 April 2020, announced the debarment of Sinotec Company Limited, an energy solutions company registered in China. Pursuant to a decision by the Bank’s Sanctions Appeals Board, the company will be debarred for a period of 36 months (3 years) for engaging in fraudulent practices. A press statement by the Bank says: “An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Sinotec Company Limited misrepresented its experience, the value and dates of its reference contracts and its relationship with other bidders while participating in three Bank-financed tenders under the Regional…
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The African Development Bank has appointed Dr Alex Mubiru, a Ugandan, as Director (Strategy and Delivery) in the Office of the President. “The African Development Bank Group is pleased to announce the appointment of Dr. Alex Mubiru as Director (Strategy and Delivery) in the Office of the President, effective 1st November 2020,” the Group said on its twitter handle. Dr. Alex Mubiru is currently the African Development Bank Group’s Country Manager for Tanzania. Commenting on his appointment, Alex said: “I am delighted to work directly with President Adesina to support his vision and strategy for the Bank and to ensure…
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