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28 results for "african development"
Former African Development Bank President Dr. Akinwumi Adesina received Africa's Lifetime Achievement Award, declaring the continent is no longer potential but "investable reality." During his decade of leadership, he grew the bank from $93 billion to $318 billion, benefiting 565 million people.
The African Development Bank just launched a new financing platform to jumpstart green hydrogen projects across the continent. With Africa holding over 60% of the world's solar potential, this move could position the region as a global clean energy powerhouse.
Nigeria just secured $200 million from the African Development Bank to build a massive fiber network connecting every corner of the country to high-speed internet. It's part of a bold $2 billion plan to close the digital divide and unlock opportunity for millions.
The African Development Bank just approved $200 million to help bring high-speed internet to every corner of Nigeria, a move that could create 2.8 million jobs. The project will quadruple the country's digital backbone and connect schools, hospitals, and rural areas across all 774 local government regions.
Ghana just secured over $10 million to strengthen how it manages public money, building on impressive economic wins that dropped inflation to 3.3% and cut debt by a quarter. The funding will help ensure future growth reaches everyone, not just the wealthy.
Ethiopia is setting an ambitious agricultural goal to plant 21.8 million hectares of land with crops this farming season, part of a national push toward food sovereignty. The country's wheat production has already skyrocketed from 100,000 quintals to 175 million quintals in recent years.
The Dangote Refinery, Africa's biggest oil processing facility, just locked in $4 billion to strengthen its operations and help the continent become more energy independent. African financial institutions led the deal, betting big on homegrown solutions to reduce Africa's reliance on imported fuel.
In rural Mauritania, new solar-powered water systems are giving women and girls back hours once spent hauling water, opening doors to education and income. The African Development Bank's investment brought 50 boreholes and 22 water systems to three poverty-stricken regions.
Ethiopia's partnership with the African Development Bank just hit a major milestone with 24 active projects worth $1.21 billion bringing real change to communities. The investment spans energy, infrastructure, agriculture, and private business development across the country.
Ethiopia and the African Development Bank are deepening their partnership to transform infrastructure, boost green energy, and strengthen agriculture across the nation. The collaboration signals growing confidence in Ethiopia's economic reforms and climate leadership as it prepares to host a major UN climate conference.
The African Development Bank is investing €6.5 million to power tech innovation across French-speaking Africa, opening doors for 20 early-stage startups. The fund targets regions where tech investment has lagged behind, creating new opportunities for digital entrepreneurs.
Ethiopia is building Africa's largest airport and hydroelectric dam in a $17.5 billion bet that could make it East Africa's biggest economy within years. The country is now growing faster than any major African nation at 7.1 percent annually.
A groundbreaking partnership between the African Development Bank and UN is mobilizing $10 billion to make Africa a global AI hub while creating 40 million jobs over the next decade. The initiative will invest in everything from tech training to data infrastructure across the continent.
Ethiopia's economic liberalization in banking and telecommunications is creating a vibrant private sector boom, according to the UN Global Compact CEO. The country's welcoming business environment is driving growth across real estate, restaurants, and small businesses led by young people and women.
African diplomats are celebrating Ethiopia's rapid development as a model for the continent, highlighting massive renewable energy projects and infrastructure growth. The nation's Grand Ethiopian Renaissance Dam is being called a game-changer for regional cooperation.
Africa has hundreds of agricultural innovations ready to deploy, but a new report reveals the real challenge isn't invention—it's getting these technologies working together. Strategic coordination could transform food security for millions across the continent.
Three East African countries just secured $214 million to build a massive transport corridor connecting landlocked Ethiopia and South Sudan to the coast. The project will transform life for 1.5 million people and slash trade costs across the Horn of Africa.
Ethiopia just secured nearly $72 million from the African Development Bank to strengthen climate resilience and protect food sources for vulnerable communities. The deal marks a major step toward safeguarding livelihoods against environmental threats.
Ghana is on track to complete its IMF bailout program more than a year ahead of many expectations, signaling a major economic turnaround. President Mahama announced the milestone as inflation eases and investor confidence returns.
Ethiopia just finished building Africa's largest hydroelectric dam using only its own resources and citizens' contributions. The Grand Ethiopian Renaissance Dam proves the nation can execute world-class infrastructure independently.
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