Tag Archives: development

PUBlic Professor Series talk explores the building blocks of African development

African development efforts have gone through sharp turns and twists since the dawn of independence in the late 1950s. Lessons from analyzing these efforts point to the reorientation of the incentive structures for politicians, business elites and the electorates, as the critical pillar among the building blocks of Africa’s development.

On Thursday, January 24, University of Lethbridge economics professor Dr. Alexander Darku will present The Building Blocks of Africa’s Development: Resources, Politics and Economics. This is the fourth talk of the 2018/19 season for the Faculty of Arts & Science’s PUBlic Professor Series. The free event runs from 7 to 9 p.m. at the Sandman Signature Lethbridge Lodge and is open to the public.

In this presentation, Darku will critically analyze the…

Read More

African Development Bank’s Executive Directors to visit the Kingdom of Eswatini

A team of ten Executive Directors (EDs) from the African Development Bank will be on a three-day stakeholder consultation mission in the Kingdom of Eswatini (formerly Swaziland) over the period 27-30 January 2019.

The ED delegation, accompanied by Josephine Ngure, the Bank Group’s Deputy Director General for the Southern Africa Region and Country Manager for the Kingdom of Eswatini, will hold consultative meetings with the Ministers of Finance; Economic Planning and Development; Agriculture; and Natural Resources and Energy; private sector representatives, civil society organisations and various development partners, among others. The EDs will take stock of the condition and status of the country’s portfolio vis-à-vis the socio-economic climate while also assessing the quality and relevance…

Read More

African Development Bank and Rwanda Sign financing agreements worth €115 million for water projects

The African Development Bank (AfDB) has signed financing agreements worth €115 million with the Government of Rwanda to support the Rwanda Sustainable Water Supply and Sanitation Programme as additional financing. The funding, which comprises €114.27 million from the AfDB window and €0.8 million from the Rural Water Supply and Sanitation Initiative Trust Fund, augments the original financing of €104 million AfDB loan and €43 million Africa Growing Together Fund loan approved by the Bank’s Board in 2017.

The additional financing will mainly support water supply infrastructure, and provide 1.5 million more people with access to reliable and sustainable water supply services. Of these beneficiaries, 700,000 live in peri-urban/ rural areas. The funding will cover strategic cities and…

Read More

Report: Chattanooga’s development boom is pushing out its black residents

Read More

Mandate and Business Plan of the African Union Development Agency/NEPAD

Magaliesburg, South Africa, January 11, 2019 – Following the Eleventh Extraordinary Session of the Assembly of the African Union in November 2018, where the decision was taken that NEPAD shall henceforth be renamed African Union Development Agency/NEPAD (AUDA/NEPAD), the Agency’s staff convened in Magaliesburg, South Africa, between 8 – 11 January 2019, to draft its business plan.

The rationale behind the establishment of the African Union Development Agency is that it shall be a vehicle for the better execution of the African Union Agenda 2063.

In this regard, the mandate of the AUDA/NEPAD is:

(i) To coordinate and execute priority regional and continental projects to promote regional integration towards the accelerated realisation of Agenda 2063;

(ii) To strengthen capacity of…

Read More

African Development Bank approves US$14.12 million to support Nigeria’s membership in African Trade Insurance (ATI)…

The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African countries that have already signed up to ATI membership.

Once membership formalities in ATI are finalized, Nigeria could benefit from gross political and commercial risk insurance cover on total investments and trade amounting to over US$ 5 billion by 2020.  The catalytic effect of using limited financial resources in this way is undoubtedly massive.

The approved facility complements ongoing and planned interventions geared at…

Read More