Month: June 2025

  Permanent office strengthens Bank’s partnership with Zambia. African Development Bank has financed and facilitated major projects at country and continent level to support regional integration - Finance Minister Musokotwane  The African Development Bank Group (www.AfDB.org) commenced construction of its permanent country office in Lusaka on Friday, marking a transformative milestone in the institution's 54-year partnership with Zambia. Since establishing its temporary country office in 2007 with just four staff […]

 At the launch of Burundi’s National Energy Compact during the Mission 300 (M300) Private Sector Consultation in London, Anzana Electric Group and the African Development Bank (www.AfDB.org) announced a $600,000 project development grant from the Sustainable Energy Fund for Africa (SEFA). The grant will support Weza Power, a public-private partnership (PPP)-backed private utility aiming to rapidly expand electrification and connect nine million people across Burundi. The grant is part of SEFA’s […]

 Bank One (www.BankOne.mu) has extended a USD 5 million facility to ESATF, an African trade fund managed by the ESATAL fund management company, a TDB Group subsidiary, to support trade finance on the continent. The facility is designed to support the Fund’s growing loan book. The financing will be deployed to meet the rising demand for trade finance across Africa, a key growth market for both institutions. TDB Group and […]

 President Cyril Ramaphosa has expressed his sadness at the loss of multiple lives in incidents in the Eastern Cape that have been linked to severe weather conditions. Six bodies were recovered near Mthatha and another near Tsolo in the Eastern Cape in incidents arising from flooding. In the aftermath of another incident, three children have been rescued while a number of their fellow learners are missing after the vehicle in […]

 The UAE has condemned in the strongest terms the terrorist attack that targeted a military site in Chad, which resulted in the deaths of a number of soldiers. In a statement, the Ministry of Foreign Affairs (MoFA) stressed that the UAE expresses its strong condemnation of these criminal and terrorist acts and its permanent rejection of all forms of extremism and terrorism aimed at undermining security and stability. The Ministry […]

 Africa’s mature oilfields are experiencing a renaissance and artificial intelligence (AI) is at the heart of this transformation. In an era defined by innovation and sustainability, enhanced oil recovery (EOR) technologies - powered by AI - are breathing new life into declining reservoirs. From predictive analytics to machine learning algorithms, AI is not just a tool; it is a catalyst for maximizing output, extending field life and improving operational efficiency. […]

 In a visit to the neglected crisis raging in the north of Mozambique, Egeland described it as at a “critical tipping point,” sounding the alarm over skyrocketing violence, the devastation from multiple cyclones, and the near collapse of aid lifelines due to global funding cuts.   “In a region suffering from daily atrocities and monthly disasters, I have seen the human toll caused by the global retreat of solidarity and funding. […]

 President Yoweri Kaguta Museveni and the First Lady also Minister of Education and Sports, Maama Janet Museveni have this afternoon participated in the ongoing mass registration and renewal exercise of the National Identity cards at State Lodge, Nakasero. The project is being implemented by the National Identification and Registration Authority (NIRA) and the renewal exercise was efficiently conducted by a team from the authority, led by the Executive Director, Ms. […]