Africa will have 760 million urban residents in 2030 and the figure is expected to multiply to 1.2 billion by 2050.
If this population explosion is not matched with growth of megacities across the continent, urbanization is certainly set to suffocate infrastructure, as well as usher in...
The closing press conference of the 49th Annual Meetings of the African Development Bank (AfDB) on Thursday, May 23 in Kigali once again gave AfDB President Donald Kaberuka an opportunity to return to the concept of the Africa50 Fund.
According to Kaberuka, "The Africa50 Fund...
Your Excellencies,
Heads of State and Government,
Governors,
Eminent Persons, Ladies and Gentlemen,
Good morning and thank you for honoring us with your presence.
A very warm welcome to Kigali, the Land of a thousand hills, and to the AGM.
This is a great day.
Thank you,...
Annual Meetings Website
22-May-2014
For a prosperous Africa in the next half a century, its growth story must go along with peace: Kabagambe
Given its remarkable growth in the past decades, Africa has been hailed as the next frontier for opportunity and a potential global growth pole. Political conflicts have declined, economic growth is robust and economic management, governance and political stability have improved. However...
22-May-2014
AfDB approvals reach UA 4.39 billion in 2013
AfDB Annual Report 2013
In 2013, the African Development Bank (AfDB) approved 317 operations representing a total of UA 4.39 billion (1 UA = USD 1.55), financed as follows: AfDB: UA 1.83 billion; African Development Fund: UA 2.27 billion; Nigeria Trust Fund: UA 31.2 million and...
"The learnings are legion and the lessons drawn abundant. So what shall we do with all this? We must act to provide the missing practical link between what we have diagnosed and what we have to do. Otherwise, Africa will still be there in fifty years' time thinking about what it has to do to...
African governments have been urged to boost the continent’s agriculture by accelerating the development of infrastructure such as roads and storage, increasing access to financial services such as credit and insurance, and dropping intra-African barriers to trade.
In spite...
Geothermal Development Company Limited (GDC), herein after referred to as the Project Proponent, is one of the key organizations entrusted with energy development in Kenya. It is tasked with accelerating development of geothermal resources to support development of at least 10,000 MW by the year...