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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

African Development Bank

20 Results / Page 2 of 3

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Africa

Climate change could cost Africa billions by 2030

Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, African Development Bank President Akinwumi Adesina tells the Zero podcast, that number could reach $50 billion by 2030. That’s why Adesina is focusing the bank’s efforts on financing climate adaptation, which he describes as the “forgotten cousin” of climate mitigation.

todayMay 2, 2024 49

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Africa

Africa‘s most populous countries eye private investors to tackle housing challenge

    By Conrad Onyango, bird story agency   A wave of government housing policies is set to change the urban landscape across the continent, in line with a report from the African Development Bank (AfDB). “The public sector is recognizing the link between housing and economic growth, and that not only can good housing contribute to the twin goals of economic growth and poverty alleviation, but that the opposite […]

todayApril 9, 2024 16

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Africa

Africa is fueling India’s economic ambitions

  By Bonface Orucho, bird story agency   India is growing its investment and nurturing diplomatic alliances with a range of countries in Africa, recognizing the continent as a key component in its pursuit of superpower status. In the latest move, Ethiopia’s ambassador to India disclosed to The Print, an Indian news outlet recently, that the two countries are “in the final stages of clinching defence cooperation.” This is just […]

todayMarch 20, 2024 18

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Africa

Nigerian workers plan cost-of-living strike

Nigerian labour unions will embark on a two-day strike on Tuesday against the spiralling cost of living. According to the BBC, inflation in Africa's largest economy is at almost 30% whilst the local currency, the naira, is rapidly depreciating. Electricity shortages are compounding the hardship. The African Development Bank has warned that conditions are ripe for social unrest.

todayFebruary 27, 2024 6

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Africa

COP28: Africa could lose $25 billion per year as new EU carbon tax comes into effect, warns African Development Bank’s Adesina

African Development Bank Group President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalizing value-added exports including steel, cement, iron, aluminium and fertilizers. Adesina said, “With Africa’s energy deficit and reliance mainly on fossil fuels, especially diesel, the implication is that Africa will be forced to export raw commodities again into Europe, which will further cause de-industrialisation of […]

todayDecember 7, 2023 8

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Africa

Global leaders call for increased resources to provide 1 billion people with clean cooking solutions in Africa

“Every woman, every mother must be able to turn on the gas cooker and cook a decent meal like anywhere else in the world”—Adesina African Development Bank to scale up contribution to clean cooking solutions “Lack of access to clean cooking is a stain on humanity”—Birol Africa requires $4 billion in annual investment,to provide  250 million with clean cooking energy,  says the Executive Director of the International Energy Agency (IEA) Fatih […]

todayDecember 7, 2023 6

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Environment

COP28 Finance Day unlocks innovative financial mechanisms to support vulnerable countries fight climate change

COP28 Finance Day unlocked significant progress on international financial architecture reform to support low-income and vulnerable countries fight climate change. Major international financial institutions and countries made new commitments to offer climate-resilient debt clauses (CRDCs) in their lending. These clauses allow debt service to be paused to provide breathing space when countries are hit by climate catastrophes. The UK, France, World Bank, Inter-American Development Bank (IDB), European Investment Bank (EIB), […]

todayDecember 5, 2023 4

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Namibia

Swapo Party Youth League central committee’s meeting to tackle unemployment and drought

Swapo Party Youth League central committee members gathered at the Sam Nujoma Multi-purpose Centre in the Oshana Region on Friday for the second central committee meeting to discuss bread and butter issues faced by Namibians. Party Vice-President, Netumbo Nandi-Ndaitwah, said the discussions come at the right time, however, the youth should remain united if they are to achieve their intended purpose. Nandi-Ndaitwah made the remarks during the official opening of […]

todayNovember 17, 2023 21

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