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.
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.
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.
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.
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.
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.
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 currently account for more than $1.15 trillion, according to the ABiQ intelligence platform. These ongoing infrastructure investments include:
A recent World Bank report has highlighted that global economic growth is slowing. This slump in global economic growth has been attributed to the COVID-19 pandemic, war in Ukraine, and the resulting effects on food, fertilizer, oil prices, and more.
A June 2022 African Development Bank (AfDB) press release has revealed that the African Fertilizer Financing Mechanism (AFFM) is providing a partial trade credit guarantee of $2 million to ETG Inputs Ghana Limited.