Interpersonal comparisons of well-being have preoccupied economists, social scientists, and philosophers for centuries. They are also central to theoretical debates about how to improve the lives of the people in Africa. Various problems must be addressed to elaborate intellectual and policy...

Utilisant un panel de 52 pays africains et trois spécifications du modèle de gravité (le modèle standard ; le modèle augmenté de l’indicateur de gouvernance et du développement des infrastructures ; et le modèle augmenté de l’effet de proximité culturelle et du désenclavement du pays hôte), l’étude...

Despite efforts to increase integration within Africa, product markets remain segmented between countries. This paper examines the magnitude of price gaps, known as the border-effect, between Lesotho and South Africa using retail price data for 49 products in 35 cities over the period 2006–2009....

The annual African Economic Outlook (AEO) monitors the continent’s state of affairs using a collaborative approach. The AEO assesses the recent economic and social situation in Africa, projects likely developments for the near future and explores a special theme on the structure of...

In 2016 the Bank continued its long standing support for the development of transport and ICT infrastructure in Africa. By supporting industrialization with seamless movements along value chains, promoting the integration of Africa’s markets, and playing a catalytic role in unlocking Africa’s...

The Financial Report contains the full set of audited financial statements of the Bank and the special purpose financial statements of the Fund, together with the approved administrative budget for 2017 and the review of financial management and financial results.

In accordance with Article 32 of the Agreement establishing the African Development Bank and Articles 8, 11, and 12 of the General Regulations adopted thereunder, and pursuant to Article 26 of the Agreement establishing the African Development Fund and Articles 8, 11, and 12 of the General...

This Annual Development Effectiveness Review (ADER) presents the contribution of the African Development Bank (AfDB, or the Bank) to Africa’s development. It outlines recent economic and social trends across the continent, particularly those relating to the Bank’s “High 5” priority areas. It...

Zimbabwe is a landlocked country in Southern Africa with an area of 390,580 square kilometres and a population of about 12 973 808 million. The country is bordered on all sides by other countries. Zambia lies to the northwest with the Zambezi River and Victoria Falls forming the border. Mozambique...