African Development Bank

Total 19 Posts

Rwanda Innovation Fund project secures $30 million loan

The African Development Bank Group (AfDB) has approved a loan of US $30 million to support the establishment of Rwanda Innovation Fund (RIF). The fund has been established to invest in technology-enabled Small and Medium-Sized Enterprises (SMEs) and to develop the capacity of Rwanda's entrepreneurial and innovation ecosystems. The RIF

Digital infrastructure key for Afrika to be able to compete in the 4th Industrial Revolution

In order for Afrika to compete and thrive in the world as it is today and in the future, it has to invest more in training people as well as digital infrastructure. These were the words of Akinwumi Adesina, the President of the African Development Bank, speaking at the opening

Afrika's leaders commit to support youth innovation

During the recently held Africa Science, Technology and Innovation Forum held in Cairo, Egypt, various Afrikan Ministers and heads of delegations committed to supporting youth innovation on the continent. The Forum was held from 10 to 12 February 2018. Some of the Afrikan leaders attending the Africa Science, Technology and

The Africa Science, Technology and Innovation Forum has kicked off in Egypt

The third edition of the 2018 Africa STI Forum has kicked off in Egypt on 10 February 2018. The event is co-organized by the African Development Bank (AfDB) as well as the Egyptian Government. The theme chosen for the 2018 edition is "Enhancing the competitiveness of the African private

The key role remittances play in Afrika

Despite remittances to Afrika recently declining they still constitute a major component of income to households and investments compared to other external revenue flows. This point was highlighted by Taiwo Ojapinwa, a researcher from the University of Lagos, Nigeria at the recently held 12th African Economic Conference in Addis Ababa,

20 Megawatt Utility-Scale Solar Power Project In Lesotho Receives $695,500 Grant

NEO I SPV Pty Ltd., a subsidiary of OnePower Lesotho Pty Ltd., has received a $695,000 grant from the African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) for winning the 2016 Lesotho 20 MW solar Photo Voltaic (PV) tender. The project, once underway, will be the

African Development Bank Is Set To Roll Out The β€˜Desert To Power Initiative' To 11 Countries Including Sudan

The African Development Bank (AfDB) is set to roll out the 'Desert to Power Initiative' to eleven countries in Afrika including Sudan. The Initiative is a collaboration between the AfDB and the Food and Agriculture Organisation (FAO). An AfDB project identification mission was in Sudan on the backdrop of the