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22 results for "african development bank"
Morocco's economy is on track for steady growth through 2027, powered by strong consumer spending, infrastructure investment, and thriving tourism and agriculture sectors. The African Development Bank projects the North African nation will maintain growth above 4% despite global challenges.
Nigerian airlines struggling to acquire planes just got a major breakthrough. The government and African Development Bank are launching a new leasing company to help local carriers access aircraft financing more easily.
Africa's economies are set to grow 4.2% in 2026, staying strong despite global tensions and supply chain disruptions. Twenty-two countries are growing above 5%, making the continent one of the world's fastest-growing regions.
Africa Finance Corporation is betting big on the continent's tech future, launching a $100 million fund to support venture capital firms just as international funding drops 87%. The move could trigger a fresh wave of investment when African startups need it most.
Morocco just earned a "very satisfactory" rating from the African Development Bank after executing reforms that doubled expected government revenues and attracted record foreign investment. The North African nation is proving that steady progress beats bold promises.
The African Development Bank just gave Morocco its highest rating for climate action as the nation powers past its clean energy targets years ahead of schedule. The country now generates nearly half its electricity from renewable sources while building a massive desalination network to secure its water future.
The African Development Bank just launched a major funding program to accelerate clean hydrogen projects across the continent. Meanwhile, Europe registered 265 new hydrogen supply projects, signaling a global shift toward cleaner energy.
The Gambian government and African Development Bank just signed contracts for six ambulances and seven health outreach vehicles that will bring emergency care and medical services to underserved areas. No more donkey carts rushing pregnant women to hospitals at night.
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.
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.
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.
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.
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