Meeting in Abidjan on 29 November 2023, the Board of Directors of the African Development Bank (www.AfDB.org) approved a loan of €73 million to Kenya to support Phase III of the Competitiveness and Economic Recovery Support Programme. The financing will cover the fiscal year 2023-2024. It is intended to build resilience and support inclusive post-Covid-19 economic recovery, by improving economic governance and boosting industrial development and competitiveness. The programme will continue […]

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Wednesday approved a €101.10 million loan to Kenya to implement the third phase of the Last Mile Connectivity Project. The project will improve electricity access for households, social infrastructure and micro, small and medium enterprises. The project will also benefit from a $13.17 million (€12.12 million) loan from the Canada-African Development Bank Climate Fund (CACF), administered by the Bank, providing long-term […]

HE Mr. Nadir Larbaoui, the Prime Minister of the People's Democratic Republic of Algeria, met with HE Mr. Abdelaziz Ali Al-Naama, the Ambassador of the State of Qatar to Algeria. During the meeting, they reviewed the bilateral cooperation relations between the two countries.Distributed by APO Group on behalf of Ministry of Foreign Affairs of The State of Qatar.    

By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). It would be an understatement to say Tanzania’s Songo Songo gas field has been good for the country and its citizens. Since 2004, the project’s output has been put to work to benefit the Tanzanian economy, its domestic energy supply, energy costs, employment numbers, and the environment. With wells and a processing plant on Songo Songo Island, the public/private effort puts […]

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce the release of the French language edition of the book titled “The Islamic Development Bank and Dr. Ahmad Mohammad Ali: History of an Institution and Journey of a President”. Originally published in the Arabic language and later in the English language, the book documents the remarkable history and exceptional achievements of the Islamic Development Bank (IsDB), covering the key […]

NBA Africa (www.NBA.com) today announced that the league established a new subsidiary in Kenya, with an office located in Westlands, Nairobi.  The NBA Kenya office will support all of the league’s business and basketball development initiatives in the country and will be led by NBA Kenya Senior Director and Country Operations Lead Michael Finley.  The new office marks NBA Africa’s fifth office on the continent, joining Cairo, Egypt; Dakar, Senegal; […]

The African Development Bank (www.afdb.org/) has launched a three-year research and outreach initiative in Ghana to enhance the cereal value chain development in the country. The Grain Quality Grading and Certification Project is being implemented by the Microeconomics, Institutional and Development Impact Division of the African Development Bank, in partnership with the School of Agriculture of the University of Ghana. The project examines whether the proper grading and certification of […]

The African Development Bank (www.AfDB.org) has revised its short to medium-term macroeconomic forecast for Africa, for 2023 and 2024 downwards to 3.4% and 3.8%, from 4.0% and 4.3%. The slightly lower figures reflect the persistent long-term effects of COVID-19, geopolitical tensions and conflicts, climate shocks, a global economic slowdown, and limited fiscal space for African governments to adequately respond to shocks and sustain post-pandemic economic recovery gains. The updated data […]

The United Arab Emirates has welcomed the announcement to extend the humanitarian pause in the Gaza Strip by two days, and the continued exchange of detainees between the Palestinians and Israel, expressing hope this development leads to a permanent ceasefire. In a statement, the Ministry of Foreign Affairs (MoFA) commended the efforts of the State of Qatar, the Arab Republic of Egypt, and the United States, to extend the humanitarian […]