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Serbia and Montenegro African Development Bank Newswire

  • Published on Jun 27, 2025

    US council honours AfDB’s Adesina with Distinguished Economic Leader Award

    The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has been honoured with the 2025 Distinguished Economic Leader Award by the Corporate Council on Africa (CCA) in recognition of his exceptional decade-long leadership that has …

    Source: Tribune Online - Center-right
  • Published on Jun 27, 2025

    Alarm as 92% of South Sudanese living below poverty lines-AfDB

    According to the continental Bank’s report, the country’s economy has declined significantly due to a combination of factors, including declining oil exports and persistent insecurity. By The City Review A recent report by the African Development Bank has …

    Source: The City Review - Neutral
  • Published on Jun 27, 2025

    KCCA Deputy Executive Director Urges Contractors to Prioritize Safety and Orderliness at Construction Sites

    Kampala Capital City Authority (KCCA) Deputy Executive Director, Benon Kigenyi, has issued a firm warning to contractors working on road projects, urging them to give top priority to safety, cleanliness, and proper utility coordination at construction …

    Source: UBC - Uganda Broadcasting Corporation - Pro-Government
  • Published on Jun 27, 2025

    Equity Bank appoints new directors, their careers and profiles

    Equity Group Holdings has formally appointed six new independent non-executive directors to replace those who retired The new members of the bank's Board of Directors were approved by shareholders during the lender's 21st annual AGM The appointees …

    Source: TUKO - Neutral
  • Published on Jun 27, 2025

    Nigeria faces $31.5bn development financing gap – AfDB warns

    The African Development Bank (AfDB) has restated the urgent need for Nigeria to close its annual development financing gap of $31.5 billion. According to Dr. Abdul Kamara, AfDB’s Director-General for Nigeria, this is a crucial finding from the Bank’s 2025 …

    Source: National Accord Newspaper - Neutral
  • Published on Jun 27, 2025

    Rwanda: Cable car network to help green public transport system

    A feasibility study to set up a cable car transport network in Kigali, Rwanda has been given the go-ahead as the country is looking to develop a cleaner public transport system. The Kigali Urban Cable Car Project is a 5.5km mobility initiative valued at $ …

    Source: ESI Africa - Neutral
  • Published on Jun 27, 2025

    MPs approve AFC deal in push for longterm financing solutions

    DODOMA: THE National Assembly has ratified the Agreement for the Establishment of the Africa Finance Corporation (AFC), paving the way for Tanzania to access long-term investment financing aimed at boosting infrastructure, industrial growth and economic …

    Source: Daily News Tanzania - Pro-Government
  • Published on Jun 27, 2025

    Less for more: How erratic supply shortchanges Band A households, industries

    Since the introduction of the new electricity service band based on the assured minimum daily electricity supply, policy contradictions, systemic inefficiencies, crumbling substations, and a dilapidated transmission system have contributed to a regime of …

    Source: The Guardian (Nigeria) - Neutral
  • Published on Jun 27, 2025

    African cities need fiscal power to survive rapid urbanisation

    In terms of urbanisation, what works in London or Washington cannot be transplanted to African cities like Maputo or Lusaka. Africa is urbanising rapidly. According to Africa’s Urbanisation Dynamics 2025 – an Organisation for Economic Co-operation and …

    Source: The Citizen (South Africa) - Center-right
  • Published on Jun 27, 2025

    AFDB cuts Nigeria’s growth projection to 3.2% on uncertainty

    Peter Enogb, principal country economist, African Development Bank (AFDB), has said that the rise in global uncertainty, emanating from increases in global trade tariffs, has slowed Nigeria’s projected growth to 3.2 percent in 2025. “Without this level of …

    Source: Business Day - Neutral
  • Published on Jun 27, 2025

    From billions to trillions to traps: Rethinking development finance from the periphery

    As preparations intensify for the next Financing for Development (FfD) summit in Seville, Spain, starting on the last day of this month, the development community is once again reflecting on the promises and pitfalls of global finance.  Since the first FfD …

    Source: LINKS - Pending
  • Published on Jun 27, 2025

    WTO urges Africa to invest in trade amid aid, tariff pressures

    WTO Director-General Ngozi Okonjo-Iweala’s cabinet chief Bright Okogu warned over rising defence budgets [Getty] Africa must take charge of its development through trade and investment, a senior World Trade Organisation official said Thursday, warning that …

    Source: The New Arab - Indeterminate
  • Published on Jun 27, 2025

    Africa's trade finance gap requires systemic overhaul, says ex-RBZ Governor

    FORMER Reserve Bank of Zimbabwe (RBZ) governor John Mangudya FORMER Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said that closing Africa's US$100 billion trade finance gap requires systemic reforms, not piecemeal solutions.   Speaking at …

    Source: Southern Eye - Indeterminate
  • Published on Jun 26, 2025

    World Bank and IAEA backing new nuclear for development

    Thursday, 26 June 2025 The World Bank has taken its first step since ending its ban on funding nuclear energy projects by partnering with the International Atomic Energy Agency to support countries that choose to include nuclear energy in their development …

    Source: World Nuclear News - Neutral
  • Published on Jun 26, 2025

    Afreximbank ready to start construction

    The Afrixembank is ready for the start of construction of its US$180 million state-of-the-art trade centre in Barbados. Okechukwu Ihejirika, acting chief operating officer at the Caribbean Office of the African Export-Import Bank (Afreximbank) located in …

    Source: The Nation Barbados - Neutral
  • Published on Jun 26, 2025

    Governance failures hinder Nigeria's development finance goals — AfDB report

    Persistent governance failures are frustrating Nigeria’s efforts to mobilise development finance despite recent economic reforms, according to the 2025 Nigeria Country Focus Report, newly released by the African Development Bank. The report, launched in …

    Source: Punch - Indeterminate
  • Published on Jun 26, 2025

    Burundi commissions Jiji hydroelectric power plant

    The Republic of Burundi has inaugurated the Jiji hydroelectric power plant in the country’s Bururi province. Jiji is the first of two hydroelectric plants being developed in the region, with the second, Mulembwe, set to become operational in the next few …

    Source: Power Technology - Neutral
  • Published on Jun 26, 2025

    AfDB Pegs Nigeria’s GDP Growth At 3.2% In 2025 – Report

    The African Development Bank (AfDB) has projected Nigeria’s real GDP growth at 3.2% in 2025 and 3.1% in 2026—slightly down from the estimated 3.4%—according to its newly released 2025 Nigeria Country Focus Report (CFR). Despite persistent global and …

    Source: New Telegraph - Pending
  • Published on Jun 26, 2025

    Fiscal Prospects of Sub-Saharan African States with Debt Vulnerability

    8   By Archbold Macheka, Senior Economist, Thandeka Nyathi, Economist, Robert Matthee, Economics and Country Risk Economist, Theo Acheampong, Senior Analyst and Ronel Oberholzer, Head of Sub-Saharan Africa Economics, S&P Global Market Intelligence     …

    Source: International Banker - Neutral

02 days 20:41:04

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  • Published on June 26, 2025 - 10:20 GMT

    Carbon Credit Market Size Worth 16,379.53 Bn by 2034

    Ottawa, June 26, 2025 (GLOBE NEWSWIRE) -- In 2024, the carbon credit market size stood at USD 669.37 billion and is expected to rise from USD 933.23 billion in 2025 to USD 16,379.53 billion by 2034. The market is poised to grow at a double-digit CAGR of 37 …

    Distribution channels: Consumer Goods ...
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