South Africa has secured a R7 billion loan (US$398 million) from the New Development Bank (NDB) to support the modernisation of key national road corridors, as part of broader efforts to strengthen the country’s transport infrastructure and economic connectivity. This is reported by MENA, a partner of TV BRICS. The funds will primarily be allocated… Continue reading South Africa Secures US$398 Million Loan From NDB for Road Infrastructure Development
Tag: African Development Bank (AfDB)
How the China-aided Africa CDC Became a Game-changer for Public Health
In the heart of Addis Ababa, where tradition meets modern ambition, a gleaming structure of steel and glass is quietly reshaping Africa’s future. The new Africa Centres for Disease Control and Prevention (Africa CDC) Headquarters is more than just a building – it’s a bold statement of partnership, progress, and a shared commitment to advancing… Continue reading How the China-aided Africa CDC Became a Game-changer for Public Health
Africa’s Agenda 2030: A Race Against Time Amidst Triumphs, Setbacks, and Global Headwinds
As the world crosses the midpoint of the United Nations’ Sustainable Development Goals (SDGs) timeline, Africa stands at a pivotal moment. With just five years left to hit the ambitious targets of Agenda 2030, the continent faces a stark reality: progress is real but uneven, and the clock is ticking. Are Africa’s 54 nations on… Continue reading Africa’s Agenda 2030: A Race Against Time Amidst Triumphs, Setbacks, and Global Headwinds
The 2025 AU Summit Should Place Poverty Alleviation, Infrastructure, and Economic Development at the Top of its Agenda
African leaders will gather again in Addis Ababa, the Ethiopian capital, for the 2025 African Union (AU) Summit on 17-18 February. This time it’s different, though. The meeting is taking place amid a different geopolitical context, and challenging socio-economic and security conditions on the continent. Africa remains the poorest continent globally, with extreme poverty rates… Continue reading The 2025 AU Summit Should Place Poverty Alleviation, Infrastructure, and Economic Development at the Top of its Agenda
Africa Faces a Bright Economic Outlook Despite Internal and External Challenges
It’s that time of the year again when we find ourselves reflecting on the year that was and the year ahead. On the African continent, many countries are still recovering from the aftershocks of the COVID-19 pandemic and are doing so amid a fraught geopolitical environment. These tensions have, to some extent, created hurdles in… Continue reading Africa Faces a Bright Economic Outlook Despite Internal and External Challenges
Forum Urges the African Continent to Reinvent its Approach to Public Debt
In the heart of Abuja’s evolving financial district, an extraordinary gathering of Africa’s leading policymakers, business magnates, and international development partners took place in mid-December. The Debt Management Forum for Africa (DeMFA), convened on 16-17 December 2024, may well be remembered as a watershed in the continent’s ongoing struggle to tame the complexities of public… Continue reading Forum Urges the African Continent to Reinvent its Approach to Public Debt
IDCZ Should Prioritise Funding SMEs — ZNCC
The Industrial Development Corporation of Zimbabwe (IDCZ) should prioritise credit to small and medium enterprises (SMEs), particularly focussing on value-adding industries, one of Zimbabwe’s influential business lobby group said. SMEs now constitute more than 60 percent of private enterprises in Zimbabwe but suffer from the acute lack of affordable long-term financing, business management skills, collateral… Continue reading IDCZ Should Prioritise Funding SMEs — ZNCC
Ethiopia’s Finance Ministry Appreciates African Development Bank’s Contribution Towards Reforms And Development Projects
Ethiopia’s Finance Minister Ahmed Shide held a consultative meeting with Jonathan Nzayikorera, Executive Director of the African Development Bank (AfDB) in Addis Ababa. This is reported by ENA. The minister commended the bank for its contribution to the socio-economic development of the country. The minister also highlighted the large-scale investment operations currently underway as well as… Continue reading Ethiopia’s Finance Ministry Appreciates African Development Bank’s Contribution Towards Reforms And Development Projects