economic transformation

wind turbine

Wind sector a key building block for economic recovery

The wind sector is a key building block for economic recovery from the impact of COVID-19, which will enable governments to renew critical infrastructure for a sustainable future.
The Gambia

Op-Ed: Energy poverty is the largest limiting factor to economic growth

Energy poverty is the largest limiting factor to economic growth facing the developing world today, writes Anthonie Cilliers.
revenue

Kenya’s economic update amid COVID-19 disruption

Kenya’s gross domestic product is projected to decelerate substantially in 2020 due to the negative impact of the COVID-19 pandemic.

Ramaphosa outlines a plan to stabilise the economy beyond COVID-19

President Cyril Ramaphosa announced a social relief and economic support package of R500 billion to mitigate against the blow of COVID-19 in the country.
Team Africa

Op-Ed: ‘Team Africa’ can unlock African supply chains

The current COVID-19 related economic challenges highlight the need for Team Africa to support local supply chains to boost economic activity on the continent.
COVID

Ripple effects of COVID-19 on China’s plan to link continents

A new report shows that the ripple effects of COVID-19 are affecting the nature, pace and scope of China’s Belt and Road Initiative activity in Africa.
afdb

Op-Ed: Chemical and oil companies to slash capex to preserve cash

Due to COVID-19 and collapse in crude oil prices, chemical, oil and gas, and midstream companies will all slash capex for growth projects to preserve cash.
Adesina

“Nobody eats GDP” says Adesina while gauging Africa’s economies

AfDB's President, Akinwumi Adesina, says economic "growth must be visible. Growth must be equitable. Growth must be felt in the lives of people."
renewables fund

African Economic Outlook indicates steady growth through 2021

AfDB's 2020 African Economic Outlook shows that growth remained stable in 2019 at 3.4% and is on course to pick up to 3.9% in 2020, and 4.1% in 2021.
Egypt

Loan to relieve funding constraints in the private sector in Egypt

An AfDB Senior Loan worth $22 million will help provide alternative financing through leases to address funding constraints in the private sector in Egypt.

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