Africa
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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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Save the Date: Register to attend the 2022 African Economic Conference | African Development Bank
Diplomat.Today The African Development Bank 2022-12-06 00:00:00 ——————————————- The island of Mauritius will host the 2022 African Economic Conference (AEC) from December 9 to 11. The African Economic Conference is Africa’s leading forum for discussing the continent’s emerging challenges and opportunities. It is jointly organized by the African Development Bank, the Economic Commission for Africa and the United Nations Development…
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Africa Climate Change Fund Launches Project for Women and Youth Entrepreneurship | African Development Bank
Diplomat.Today The African Development Bank 2022-12-05 00:00:00 ——————————————- The Secretariat of the Africa Climate Change Fund (ACCF) has launched a scheme to support climate adaptation financing mechanisms for women entrepreneurs and youth. The program, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with the Nationally…
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Ethiopia: the African Development Bank’s new 2023-2027 strategy to drive economic transformation | African Development Bank
Diplomat.Today The African Development Bank 2022-12-05 00:00:00 ——————————————- On November 17, 2022, the Board of Directors of the African Development Bank Group approved the Country Strategy Paper 2023-2027 for Ethiopia. The main objective of the strategy is to support Ethiopia in expanding inclusive and sustainable growth through agro-industrialization, improved connectivity and competitiveness, and reduced vulnerability to shocks. The blueprint focuses…
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Crucial replenishment meeting for the African Development Fund as it marks 50 years of support for the continent’s low-income countries | African Development Bank
Diplomat.Today The African Development Bank 2022-12-04 00:00:00 ——————————————- African Development Fund members gather in Morocco for the fourth and final pledging session on the Fund’s sixteenth replenishment. The crucial meeting will culminate in a funding package for the Fund’s next cycle, which will span 2023-2025. The meeting will be attended by representatives of the Fund’s donor countries and the senior…
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World Circular Economy Forum 2022 | African Development Bank
Diplomat.Today The African Development Bank 2022-12-02 00:00:00 ——————————————- What: Global Circular Economy Forum 2022 Who: Sitra, African Circular Economy Network, Alliance for African Circular Economy; and the Government of Rwanda When: December 5 (pre-event press briefing); December 6-8, 2022 (Forum) Where: Kigali, Rwanda and online The 6th World Forum on Circular Economy, WCEF2022 will take place December 6-8 in Kigali,…
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Diaspora remittances, investments and expertise vital to Africa’s future growth, African Development Bank Forum participants say | African Development Bank
Diplomat.Today The African Development Bank 2022-12-02 00:00:00 ——————————————- Hundreds of academics and leaders from international institutions from around the world gathered for an African Development Bank Forum on ways to harness the skills, wealth and dynamism of Africa’s 160 million diaspora for its growth and development. The hybrid event took place against the difficult geopolitical backdrop of major global economic…
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Uganda: African Development Bank Group pledges $301 million to renovate the country’s meter gauge railway and bolster regional trade | African Development Bank
Diplomat.Today The African Development Bank 2022-12-02 00:00:00 ——————————————- The African Development Bank Group is making $301 million available for the overhaul of the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway is part of the Northern East African Community Corridor that connects the capital city of Kampala to the Kenyan coastal city of Mombasa. The East African Community Railway…
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African leaders call for faster industrialization at African Union summit | African Development Bank
Diplomat.Today The African Development Bank 2022-12-01 00:00:00 ——————————————- African leaders discussed the continent’s progress in industrialization, economic diversification and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change and security concerns. Twenty Heads of State and Government and their representatives attended the Extraordinary African Union Summit on Industrialisation, Economic Diversification and the…
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African Development Bank’s Sustainable Energy Africa Fund for Africa approves a $1 million repayable grant to develop bioenergy plants in Ghana and Sierra Leone | African Development Bank
Diplomat.Today The African Development Bank 2022-12-01 00:00:00 ——————————————- The Sustainable Energy Fund for Africa (SEFA) has approved a $1 million repayable grant to NewAfrica Impact Ltd for the preparation of two bioenergy plants in Sierra Leone and Ghana that will each produce 5 megawatts of electricity and 11 megawatts of heat. The repayable grant will strengthen the project’s financeability by…
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