Akinwumi A. Adesina Archives

African Development Bank Group commits $301 million to renovate Uganda’s meter gauge railway and bolster regional trade

Edna KyokunzireNews & AnalysisDecember 3, 2022December 3, 2022

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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Africa is the world’s next business frontier, says AfDB’s Akinwumi Adesina

CEO ReporterBanking & Financial ServicesJanuary 21, 2021January 21, 2021

African Development Bank President Akinwumi A. Adesina has said that Africa remained fertile ground for investment, but much hinged on the continent’s ability to boost its healthcare sector.Adesina was speaking Wednesday during the Africa Investment Conference, a virtual one-day event organized by the UK Department for International Trade, which brought together UK and African business and government leaders to discuss investment and partnership opportunities. Four sectors were under the spotlight: sustainable infrastructure, renewable energy, financial and professional services, and agriculture and agri-tech.As part of the conference, Emma Wade-Smith, UK Trade Commissioner for Africa, joined Adesina in a fireside chat on…

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