The COMESA Secretariat & African Development Bank have launched phase 1 of the Africa Cloud Ecosystem Project. The project received a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, to conduct the market analysis and pre-investment study.
Rwandan Community Abroad and MTN Rwanda connect 1700 households to electricity
The Rwandan Community Abroad (RCA) and MTN Rwanda connect 1700 additional households to electricity.
Development Bank of Uganda and EU announce $16 million tourism facility
The Development Bank of Uganda and the European Union have announced the development of a second tourism facility, estimated to be valued at $16 million.
$150 Million Funding Approved for Kenya Highway Project
The African Development Bank (AfDB) has approved $150 million in new financing for the Nairobi-Nakuru-Mau Summit Highway project, under the Kenyan government’s First Mover public-private partnership (PPP) programme.
What are the top 3 benefits of public private partnerships for development in Africa?
ABiQ outlines the top 3 benefits of public private partnerships for development in Africa. A public-private partnership (PPP) is a contract between a public entity and a private organisation.
What are the top 3 benefits of public private partnerships for development in the UAE?
ABiQ outlines the top 3 benefits of public private partnerships for development in the UAE.
Enabling water security in scarcity: The African conundrum
ABiQ data shows that the African continent will face significant water shortages by 2030. Africa’s population is set to increase by 25% over the next few years, growing from 1.340 billion in 2020 to 1.617 billion in 2030.
How does Nafasi Water lead desalination projects in Namibia?
Nafasi Water desalination projects in Namibia serve a critical need. Namibia has a population of over 2.5 million people, and is grappling with a national water crisis, as a result of severe droughts.
The Economic Community of West African States (ECOWAS) Infrastructure Master Plan: An Update
The Economic Community of West African States (ECOWAS) Infrastructure Master Plan intends to significantly contribute to the satisfaction of the entire demand of the sub-region by optimally developing the available resources within the ECOWAS Member States.
World Bank Approves Grant for Ethiopia Groundwater Resilience Project
On 17 June 2022, Ethiopia’s Ministry of Finance announced that the World Bank had approved a large-scale grant for Phase 2 of Ethiopia’s Groundwater Resilience Project. The World Bank grant totals $210 million.
IMF Releases Immediate Financial Assistance to Senegal
The International Monetary Fund (IMF) has approved the immediate release of approximately US$215.78 million (SDR 161.82 million) in financial assistance to Senegal. This financial assistance is provided to support the country’s economic recovery, in the wake of the COVID-19 pandemic.
Enhancement of Governance and Enabling Environment in the ICT sector Launched
Five regional economic communities in the Eastern and Southern Africa and Indian Ocean regions (EA-SA-IO) will benefit from the Enhancement of Governance and Enabling Environment in the ICT sector (EGEE-ICT) programme.
Uganda’s Economic Outlook: Uganda’s 2022/2023 Budget
The Ugandan government has set out its 2022/2023 budget, outlining fiscal priorities for the coming year. Matia Kasaija (MP), Minister of Finance, Planning and Economic Development of the Republic of Uganda, delivered the FY 2022-2023 budget speech on 14 June 2022.
African Economic Outlook 2022 Insights
The African Development Bank (AfDB) Group has released its flagship African Economic Outlook report. The report focuses on reassessing the effects of the COVID-19 pandemic, and the war in Ukraine, on African economies, energy transition and climate change in Africa.
African Development Bank Provides Additional Financing to Morocco
The African Development Bank (AfDB) has provided additional financing to Morocco. This additional funding has been prioritized and ringfenced for the projects related to the extension and modernization of the airport of Rabat-Salé and construction of the port of Nador West Med.
Ongoing Infrastructure Investments in Africa in 2022
Ongoing infrastructure investments in Africa currently account for more than $1.15 trillion, according to the ABiQ intelligence platform. These ongoing infrastructure investments include:
Infrastructure Investments in Nigeria and South Africa
ABiQ provides a comparative overview of infrastructure investments in Nigeria and South Africa. Nigeria’s ongoing or current investment in infrastructure is approximately $138,193 million.
Upcoming Infrastructure Investments in Morocco: 2022
Morocco, situated in North Africa, is abuzz as can be seen by the upcoming infrastructure investments. ABiQ analyzed business intelligence data and uncovered that energy and power projects dominate upcoming infrastructure investments across the country in 2022.
Infrastructure Investments in Ethiopia
The African Development Bank is catching up with the World Bank Group in infrastructure financing in Ethiopia, according to data from ABiQ.
What are the key development areas in Nigeria?
Nigeria is Africa’s largest oil exporter and biggest economy. In 2021, Nigeria’s GDP amounted to 441.5 billion U.S. dollars, the highest GDP in Africa. Nigeria is number 28 in the world in terms of GDP size, and yet the country has the highest number of people living in poverty.
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