The Rwandan Community Abroad (RCA) and MTN Rwanda connect 1700 additional households to electricity.
Rwandan Community Abroad and MTN Rwanda connect 1700 households to electricity
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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.
World Bank Approves $300 Million Grant For Mozambique
The World Bank has approved a $300 million grant to Mozambique. This grant is intended to help the country promote good governance, sustainable development and improve the ease of doing business in the country.
Uganda Gold Discovery To Unlock New Economic Opportunities
The Ugandan government has announced the discovery of significant gold reserves that could unlock exceptional new economic opportunities.
African Development Bank Extends Funding for Kenya’s Economic Recovery
The African Development Bank (AfDB) has approved an additional €89 million in financing to support Kenya’s economic recovery and improve the environment for infrastructure development.
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.
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.
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.
Top 5 Projects in Africa
What are the top 5 projects in Africa? Africa is growing at a rapid pace. Much needed infrastructure and other construction projects are needed to meet the needs of a rapidly growing population. Africa has more than USD $2.4 Trillion worth of active projects.
Sub-Saharan Africa’s growth to slow to 3.8 per cent in 2022, IMF says
On 28 April 2022, the IMF published its Sub-Saharan Africa Regional Economic Outlook for 2022, entitled “A New Shock and Little Room to Manoeuvre”
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