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Alliance for Green Revolution in Africa to Help Boost Agricultural Production in Central Mozambique
The Alliance for Green Revolution in Africa (AGRA) has said it will invest a total of $25 million in the next five years to support at least 200,000 households in Mozambique’s central region along the Beira Corridor to produce food to feed about one...
African Development Bank Approves $67m Grant for Burundi Road Project
The Boards of Directors of the African Development Bank (AfDB) Group has approved a grant of $67.23 million (Units of Account 42 million) in funding for Phase II of the Gitega-Nyangungu-Ngozi road project in Burundi.
International Monetary Fund Lowers South Africa’s Economic Growth Projections for 2011, 2012
The South African economy is projected to grow by 3.4 percent in 2011, down by 0.1 percent from previous projections, the International Monetary Fund (IMF) said on Tuesday. How People Arrived Here: ECONOMIC GROWTH IN SOUTH AFRICA 2011
World Bank, International Monetary Fund to Fast Track Formation of African Central Bank
Nigerian Finance Minister, Mansur Muhtar, has said a team from the World Bank and the International Monetary Fund (IMF) would meet in April next year to fast track the actualization of the proposed African Central Bank. Muhtar told journalists that, “Nigeria...
African Development Bank to Support Establishment of Nigerian Micro Finance Bank
The Resident Representative of the African Development Bank (AfDB) Country Office, Mr Herve Assan, says the bank will offer a $1 million grant to establish the AB Micro Finance Bank of Nigeria (ABN). Assan told journalists on Wednesday in Abuja that the...
African Climate Policy Center Receives $8.5m From Sweden
Sweden and the UN Economic Commission for Africa (UNECA) have signed an $8.5 million agreement to support UNECA’s African Climate Policy Centre (ACPC). The donation is in support of ECA’s African Climate Policy Centre (ACPC), established in the framework...
African Development Bank Resumes Operations in Somalia
Somalia has resumed ties with the African Development Bank (AfDB) with the signing of an agreement to donate $2 million for financial assistance and technical management of public finances. The support to the Transitional Federal Government of Somalia,...
Rwanda And the African Development Bank Sign $7m Deal
The government of Rwanda and the African Development Bank (AfDB) have signed a grant worth over $7 million towards small and medium scale enterprises development. The permanent secretary of the Ministry of Finance and Economic Planning, John Rwangombwa,...
