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A service for global professionals · Saturday, July 5, 2025 · 828,711,768 Articles · 3+ Million Readers
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African Development Bank News Monitoring

  • Published on Jul 4, 2025

    'Zimbabwe losing billions in tax revenue to informal sector'

    Zimbabwe is losing between US$7.5 billion and US$8 billion in potential tax revenue every year due to the dominance of its informal sector, according to new estimates by the African Development Bank (AfDB). The bank is now urging the government to urgently …

    Source: Bulawayo 24 News - Neutral
  • Published on Jul 4, 2025

    RBZ to launch diaspora-backed securities

    The Reserve Bank of Zimbabwe (RBZ) is preparing to introduce securitised financial instruments backed by diaspora remittances, a bold move aimed at unlocking over US$1 billion in annual inflows from Zimbabweans abroad and channelling them into the country…

    Source: Bulawayo 24 News - Neutral
  • Published on Jul 4, 2025

    AfDB official laments Nigeria losing experts trained with public funds

    Senior Special Adviser to the African Development Bank President on Industrialisation, Prof. Banji Oyelaran-Oyeyinka, has lamented the mass exodus of highly trained Nigerian professionals, warning that the country is losing thousands of engineers and …

    Source: Punch - Indeterminate
  • Published on Jul 4, 2025

    Somalia Pays Tribute to Ugandan Peacekeepers Killed in Helicopter Crash  

    Puntland Funds AfDB Project Blocked by Villa Somalia Xarfo, Puntland – The President of Puntland, H.E. Said Abdullahi Deni, on Wednesday laid the foundation stone for a new road linking Xarfo town with the city of Galkayo. The project is part of a broader …

    Source: Garowe Online - Pending
  • Published on Jul 4, 2025

    AfDB in value addition talks with Asian batteries giants

    The African Development Bank is in talks with Asian companies to create partnerships to increase the amount of critical minerals processed in African countries before being exported, an official told Semafor. Solomon Quaynor, an AfDB vice president, said …

    Source: Semafor - Neutral
  • Published on Jul 4, 2025

    Burundi: Hydropower plants to supply 25% of country’s electricity

    Burundi has officially inaugurated the Jiji Hydropower Plant, a flagship renewable energy project that is set to transform the country’s energy landscape and accelerate its path toward energy self-sufficiency.  The launch ceremony, held in Bururi Province …

    Source: ESI Africa - Neutral
  • Published on Jul 4, 2025

    US firm to build $1.5bn Angola to DRC power line

    Angola’s government has tapped Hydro-Link, a firm owned by US-based Symbion Power, to lead the construction of a new $1.5bn power transmission line that will supply electricity to neighbouring Democratic Republic of Congo (DRC). The privately owned 1,150km …

    Source: African Business - Neutral
  • Published on Jul 4, 2025

    R17.6m green economy grant to boost SA youth job creation

    SA’s National Business Initiative has received a R17 million grant to support youth-driven green skills development. The African Development Bank (AfDB), through the Fund for African Private Sector Assistance (FAPA), has awarded a $1 million (R17.6 million …

    Source: ITWeb - Pending
  • Published on Jul 4, 2025

    Blog: Reflections on the hunger crisis in northern Nigeria

    A participant in a WFP training programme poses with a cat fish at a WFP-supported catfish farm in Maiduguri, Borno State in 2023. Photo: WFP/Arete/Karel Prinsloo Humanitarian agencies are in a race against time to save lives in contexts where …

    Source: World Food Programme - Gov't Institution
  • Published on Jul 4, 2025

    Tunisia and South Africa hold seminar on water management

    Flow: Water experts in South Africa and Tunisia, diplomats, ambassadors, academics and civil society representatives attended the seminar on science diplomacy and knowledge sharing for water management. A seminar on water management in Tunisia and South …

    Source: Mail & Guardian - Left-wing
  • Published on Jul 4, 2025

    ZESA Executive Chairman Gata dies

    By Staff Reporter The Executive Chairman of ZESA Holdings, Sydney Gata, has died aged 79. Gata died at a local private hospital after a short illness. “It is with heavy hearts and profound sadness that we share the news of the untimely passing of Dr. …

    Source: New Zimbabwe - Neutral
  • Published on Jul 4, 2025

    AfDB, UN-Habitat boost drive for sustainable urbanisation in Africa

    The African Development Bank Group (AfDB) and the United Nations Human Settlements Programme (UN-Habitat) have signed a Memorandum of Understanding (MoU) to enhance collaboration and accelerate action on sustainable urban transformation across the …

    Source: Blueprint Newspapers Limited - Indeterminate
  • Published on Jul 4, 2025

    CBEX Crypto Scam: Africa’s AI-Hyped Ponzi Nightmare and the Urgent Call for Real Regulation

    Beneath the glittering promises of the cryptocurrency world, where AI hype shines brightest, lies a sinister truth: CryptoBridge Exchange (CBEX). This AI-powered Ponzi scheme has shattered and embittered countless African investors. Edwin, a Kenyan …

    Source: IOL - Indeterminate
  • Published on Jul 4, 2025

    RBZ prepares for diaspora-backed securities to revive capital markets

    Reserve Bank of Zimbabwe The Reserve Bank of Zimbabwe (RBZ) is preparing to roll out securitised financial instruments backed by diaspora remittances, in a bold attempt to unlock billions of dollars sent home annually and funnel the funds into capital …

    Source: Southern Eye - Indeterminate
  • Published on Jul 4, 2025

    Liberia Among Top Performers in AfDB’s 2024 Electricity Regulatory Index for Africa

    Caption: Atty. Kla-Edward Toomey, II, Acting Chairman of the Board of Commissioners of Liberia Electricity Regulatory Commission (LERC). Monrovia – Liberia has been ranked among the top performers in the African Development Bank’s 2024 Electricity …

    Source: Front Page Africa - Neutral
  • Published on Jul 4, 2025

    How foreign investors can tap into Nigeria’s $7b cassava prospect

    Despite its clear advantages as a global powerhouse in cassava production, the industry faces hurdles that need to be strategically addressed by investors. The most critical challenges include low industrial utilisation rates—currently under 10 per cent — …

    Source: The Guardian (Nigeria) - Neutral
  • Published on Jul 4, 2025

    Constituency Projects: Matters Arising

    Constituency projects for lawmakers were initially meant to be avenues through which they could reach out to their constituents. Because of their perceived relevance, these projects are statutorily provided for in the budget of the National Assembly. But …

    Source: Leadership - Neutral
  • Published on Jul 4, 2025

    Capital projects got only 20% of N25tn 2024 spending

    The Federal Government has spent just N4.99tn – only 20 per cent of its total N24.91tn budget – on capital projects in 2024, leaving the country’s infrastructure needs largely underfunded. Despite a significant rise in government spending, the lion’s share …

    Source: Punch - Indeterminate
  • Published on Jul 3, 2025

    AfDB says Kenya's tax regime lenient to the wealthy

    African Development Bank report states that Kenya’s tax system suffers from significant governance challenges that limit revenue mobilisation. [Courtesy] Less taxes levied on high-net-worth individuals (HNWI) and an underdeveloped property tax regime are …

    Source: The Standard - Indeterminate

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