Banker Sidi Ould Tah eyes reforms, stronger partnerships as he takes charge at AfDB
New AfDB President Ould Tah has set out a four-point agenda including, listening intently; fast-tracking reforms; deepening partnerships and accelerating real solutions as his core priorities. Mauritanian, Dr. Ould Tah, was elected on 29 May 2025 with over 76% of shareholder votes—the highest margin for...
AfDB lead arranger in $10Bn financing for new Ethiopian Airlines’ mega airport
Ethiopian Airlines: “With forecasts projecting up to 60 million passengers annually by 2040, expanding Bole International Airport further is not feasible, making a new mega-hub airport essential.” Groundworks for Ethiopian Airlines new address, Bishoftu International Airport, are expected to start late 2025, with phase one...
Sierra Leone blueprint on tackling Africa’s $90 billion illicit financial flows
Sierra Leone proposes establishing national communities of practice, implementing institutional reforms, and enhancing transparency in resource-backed lending. Experts agree that RBLs, often used to leverage natural resources for loans, should be a last resort, employed only with maximum transparency and tied to investments that bolster...
US tariffs hurting growth and development — African leaders
US tariffs take center stage at U.S.-Africa Business Summit. AfDB president and others call on US to rethink tariffs. US tariffs, travel restrictions hurt US-Africa relations. US tariffs are again center stage of African news with African leaders calling for ‘an urgent review of U.S....
AfDB paves the way for rollout of $100M cable car project in Kigali
Rwanda is rolling out Kigali Urban Cable Car Project, a 5.5 km mobility initiative valued at $100 million. Venture is poised to ease the city’s traffic congestion, cut greenhouse gas emissions, and connect underserved communities to jobs and essential services. Construction is expected to begin...
Egypt’s Obelisk: AfDB funds Africa’s largest solar power plant
Egypt gets AfDB funding to build Africa’s largest solar power plant. Egypt’s Obelisk to produce 1 gigawatt solar photovoltaic. Obelisk to cost more than $590 million. The AfDB has announced plans to fund construction of the Obelisk in Egypt, a 1 gigawatt solar photovoltaic project...
AfDB President Dr. Adesina on visit to Tanzania
AfDB President Dr. Adesina to hold talks with Tanzania President Samia Dr. Adesina’s visit to ease future Bank financing to Tanzania AfDB private sector operations in Tanzania are valued at US$ 159 million AfDB: The president of the African Development Bank Group, Dr. Akinwumi Adesina...
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