Africa
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African leaders express support for the outcome of the African Development Bank Food Summit and call for swift implementation | African Development Bank
Diplomat.Today The African Development Bank 2023-02-20 00:00:00 ——————————————- African heads of state and government have endorsed the results of the recent Dakar 2 Summit on Food Sovereignty and Resilience, hosted in January by the African Development Bank Group and the Government of Senegal, and called for global support for its immediate implementation. In a resolution read Sunday at the conclusion…
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African Development Bank Group and Japan Sign Exchange of Notes for $350M Private Sector Loan to Fund Bank’s Private Sector Activities | African Development Bank
Diplomat.Today The African Development Bank 2023-02-20 00:00:00 ——————————————- African Development Bank Group and Japan Sign Exchange of Notes for $350M Private Sector Loan to Fund Bank’s Private Sector Activities | African Development Bank – Building a better Africa tomorrow today //–> ——————————————- Source www.afdb.org
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Maintain a minimum growth rate of 7-10% of GDP to achieve inclusive growth and sustainable development in Africa, say experts at AU Summit | African Development Bank
Diplomat.Today The African Development Bank 2023-02-19 00:00:00 ——————————————- Experts examining an ongoing study on Friday into key factors driving development in Africa stressed the need for the continent to maintain annual growth rates of at least 7-10 percent over the next 40 years if Agenda 2063 is to be met . The session, organized by the African Union Commission and…
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Africa’s macroeconomic performance and outlook for 2023: Leaders vow urgent action to support recovery and build resilience | African Development Bank
Diplomat.Today The African Development Bank 2023-02-18 00:00:00 ——————————————- African leaders have pledged to take immediate action to integrate the recommendations of the recently released reports Africa’s macroeconomic performance and outlook report in their national development plans. Zambian President Hakainde Hichilema said the study, conducted by the African Development Bank Group, was an incentive for the continent’s leaders to press ahead…
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In Angola, the African Development Bank supports the renewable energy sector | African Development Bank
Diplomat.Today The African Development Bank 2023-02-17 00:00:00 ——————————————- The Angola Renewable Energy Program (AREP), implemented in Angola between 2019 and 2022, has helped establish a viable and sustainable procurement framework that encourages investment by Independent Power Producers (IPPs) in the Angolan renewable energy sector, particularly in solar energy and hydropower. By the end of 2021, Angola had made progress by…
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AfricaGoGreen Fund Closes $47M in New Equity Investments to Increase Climate Resilience in Africa | African Development Bank
Diplomat.Today The African Development Bank 2023-02-17 00:00:00 ——————————————- The AfricaGoGreen Fund (AGGF) made headlines today with the announcement of the successful second fundraising close, raising $47 million in combined investments from leading financial organizations including the International Finance Corporation (IFC), the African Development Bank (AfDB ), the Nordic Development Fund (NDF) and the Sustainable Energy Fund for Africa (SEFA). The…
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Public procurement in Mauritius showing progress, but room for improvement – African Development Bank assessment | African Development Bank
Diplomat.Today The African Development Bank 2023-02-17 00:00:00 ——————————————- Mauritius has made crucial progress in its public procurement system, but additional reforms are needed, according to an assessment report released to the government by the African Development Bank on Tuesday. Frank Mvula, director of Fiduciary Services and Inspection at the African Development Bank, said the next step after the presentation of…
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Dakar Financing Summit: African Development Bank is financial leader of PIDA infrastructure projects | African Development Bank
Diplomat.Today The African Development Bank 2023-02-17 00:00:00 ——————————————- The African Development Bank has provided more than 50% of funding secured by infrastructure projects under the Africa Infrastructure Development Program (PIDA), placing it in the financial lead of this strategic pan-African initiative. More than 17 flagship infrastructure projects were presented at the Dakar Financing Summit 2 (DFS2), which concluded on February…
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AfDB and IsDB join forces to strengthen Africa’s health protection systems through the pharmaceutical industry | African Development Bank
Diplomat.Today The African Development Bank 2023-02-17 00:00:00 ——————————————- The African Development Bank Group and the Islamic Development Bank have signed a joint action plan for the development of the pharmaceutical industry in their African member states. The plan provides a new framework for enhanced cooperation and mutual development priorities, with a strong emphasis on strengthening the continent’s health protection systems.…
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The African Development Bank injects $10.5 million into the Tide Africa Fund to develop startups in Africa | African Development Bank
Diplomat.Today The African Development Bank 2023-02-16 00:00:00 ——————————————- Capital investment in the TIDE Africa fund will support the venture capital finance value chain, especially pre-seed and seed stage startups financing Date of approval : January 25, 2023 Project Name: TLCOM’s Tide Africa II fund Quantity : Equity investment of US$10.5 million from the African Development Bank Goals Support the venture…
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