Africa
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African Development Bank and World Bank Launch Electricity Regulatory Index Reports for Africa and the World | African Development Bank
Diplomat.Today The African Development Bank 2022-12-09 00:00:00 ——————————————- The African Development Bank and the World Bank have issued reports documenting the state of regulation of the energy sector in Africa and in developing countries. The institutions held a virtual launch event on Thursday, December 8, attended by 240 government officials, regulators, development finance institutions and stakeholders from the African and…
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Ethiopia: Sustainable Energy Fund for Africa Provides $10 Million Grant to Support Tulu Moye Geothermal Resource Development | African Development Bank
Diplomat.Today The African Development Bank 2022-12-08 00:00:00 ——————————————- The African Development Bank Group board of directors has approved a $10 million repayable grant from the Sustainable Energy Fund for Africa (SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s electricity system . The Tulu Moye Geothermal Operations PLC (TMGO) project involves the…
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The African Development Bank and the Korea-Africa Economic Cooperation Fund are working together to strengthen customs services in five Sahel countries | African Development Bank
Diplomat.Today The African Development Bank 2022-12-08 00:00:00 ——————————————- The African Development Bank, with the support of the Korean-Africa Fund for Economic Cooperation (KOAFEC), brought together 40 customs officials from Burkina Faso, Mali, Niger and Chad for training to strengthen customs capacity. The training aims to modernize and reform the sector. Countries in the African Sahel and other inland regions face…
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African Development Bank, African Securities Exchange Association launch AELP E-Platform connecting seven African capital markets with market cap of $1.5 trillion. | African Development Bank
Diplomat.Today The African Development Bank 2022-12-08 00:00:00 ——————————————- The African Exchanges Linkage Project (AELP) has launched an e-platform (The AELP Trading Link), enabling seamless cross-border securities trading between seven African exchanges representing 2,000 companies with a market capitalization of approximately $1.5 trillion. The AELP Link Trading Platform includes exchange integration, an order routing system and sharing of market and order…
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Statement from Dr. Akinwumi Adesina President of the African Development Bank Group – 16 Days of Activism 2022 Against Gender Based Violence | African Development Bank
Diplomat.Today The African Development Bank 2022-12-07 00:00:00 ——————————————- Africa can only achieve its full development potential with its women. I have always insisted that no bird can fly or soar with one wing. Similarly, Africa can only fly on the wings of men and women. For generations, agriculture has been a crucial part of the African economy. Most of the…
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Democratic Republic of Congo: African Development Fund provides $12 million grant to develop financial market and drive financial inclusion | African Development Bank
Diplomat.Today The African Development Bank 2022-12-07 00:00:00 ——————————————- The Board of Directors of the African Development Fund, the concessional lender of the African Development Bank Group, has approved a $12 million grant to the Democratic Republic of the Congo (DRC) to support the country’s Financial Sector Development and Inclusion Support Project. to feed. The funding will support the country’s financial…
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Mano River Union Launches Plan to Build Inclusive Business Ecosystems | African Development Bank
Diplomat.Today The African Development Bank 2022-12-07 00:00:00 ——————————————- On October 21, 2022, the African Development Bank and the Mano River Union Secretariat hosted an event to launch the Project to Build Inclusive Business Ecosystems for Stabilization and Transformation in the Mano River Union (BI-BEST) in Freetown, Sierra Leone. Launching the $4.25 million project, Sierra Leone’s Gender and Children’s Minister Manty…
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Botswana: African Development Bank Group pledges $180 million to bolster post-Covid-19 economic recovery | African Development Bank
Diplomat.Today The African Development Bank 2022-12-07 00:00:00 ——————————————- The Board of Directors of the African Development Bank has approved a $179.66 million loan to support government reforms to restore fiscal stability and economic recovery after the pandemic. Funding for Phase II of the program will build on the successes of the first phase by supporting policies designed to boost economic…
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African Development Bank and Global Center on Adaptation work with partners to increase capacity to access finance for climate adaptation | African Development Bank
Diplomat.Today The African Development Bank 2022-12-06 00:00:00 ——————————————- The African Development Bank and the Global Center on Adaptation today launched a new initiative under the Technical Assistant Program of the Africa Adaptation Acceleration Program to help African countries access more finance for climate adaptation. A climate rationale is the scientific basis of a project and describes the climate scenario, outlining…
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African Development Fund mobilizes $8.9 billion for Africa’s low-income countries, highest in its 50-year history | African Development Bank
Diplomat.Today The African Development Bank 2022-12-06 00:00:00 ——————————————- After a year of intense negotiations and a difficult global economic outlook, the African Development Fund (ADF) development partners have agreed to allocate a total package of $8.9 billion to the 2023 to 2025 funding cycle. It is the largest addition to the Fund’s history. ADF is the African Development Bank Group’s…
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