Economic development
The Nigerian government has approved an ambitious plan to transform the Lagos aviation hub, a key component of President Bola Tinubu's Renewed Hope Infrastructure Development Fund. The overhaul, valued at $1.92 billion, aims to modernize critical infrastructure across Nigeria's airports, including the Murtala Muhammed International
Economic development
Gombe State Governor, Muhammadu Inuwa Yahaya, marked a significant milestone in the state's journey towards energy security and industrial development with the launch of a 620KW small hydropower-solar PV hybrid system. The project, funded by the European Union, the Global Environment Facility, and the Federal Government, aims to
Economic development
Subei County, a leading agricultural and rural economy hub in Gansu Province, has made significant strides in the first half of 2024, with a focus on the "2+4" agricultural development project. This comprehensive approach involves promoting the transformation and upgrading of modern agricultural industrial parks through facility
Economic development
The Philippines' official development assistance (ODA) portfolio saw a 6% growth to USD39.61 billion in 2024, driven by new loan commitments on infrastructure projects, particularly those supporting the Marcos administration's Infrastructure Flagship Projects. The Department of Economy, Planning, and Development (DEPDev) attributed the increase to partnerships
Economic development
The Port of Cape Town is a microcosm of Transnet's complex recovery efforts, marked by a mix of successes and challenges. This state-owned freight logistics company is crucial to South Africa's economic survival, yet it has faced years of underinvestment, operational decline, and management chaos. Despite
Economic development
The Federal Executive Council, under the chairmanship of President Bola Tinubu, has approved numerous contracts worth over N900 billion to revamp the aviation sector in Nigeria. The projects, funded by the Renewed Hope Infrastructure Development Fund, will upgrade international terminals, runways, and other facilities across the country. The approvals mark
Economic development
The Federal Government of Nigeria and the Oyo State Government, in partnership with the African Development Bank, are set to hold the groundbreaking ceremony for the Oyo State Special Agro-Industrial Processing Zone (SAPZ) on August 2, 2025. The ceremony will be headlined by Nigeria's Vice President, Kashim Shettima,
Economic development
Azerbaijan and the Asian Development Bank (ADB) have unveiled a forward-looking Country Partnership Strategy (CPS) for 2025-2029, reaffirming their long-standing partnership and commitment to the country's development journey. The new strategy marks a significant shift in priorities, focusing on inclusive, climate-resilient, and innovation-driven growth, as Azerbaijan transitions towards
Economic development
Pakistan's Chairman Capital Development Authority, Muhammad Ali Randhawa, and Deputy Head of Mission at the Embassy of the Netherlands in Pakistan, Hajo Provo Kluit, met to discuss areas of cooperation in sustainable infrastructure, environmental initiatives, and urban development. The meeting at CDA Headquarters focused on enhancing collaboration in
Economic development
The African Development Bank's 2025 Country Focus Report for Burkina Faso highlights the country's resilient economy despite persistent security, humanitarian, and climate-related challenges. The report, launched on July 18, 2025, in Ouagadougou, emphasizes the need for the country to harness its human, natural, and financial capital
Economic development
Asia and the Pacific has the potential to become a powerhouse in transforming raw minerals into the technologies that power digitalization and the clean energy transition, driven by the region's abundant natural resources, strong manufacturing base, and skilled labor force. The Asian Development Bank (ADB) is actively considering
Economic development
The transportation sector in Nigeria has witnessed significant achievements under President Muhammadu Buhari's administration, with investments in flagship projects and initiatives aimed at improving the country's infrastructure and reducing transportation costs. The Presidential Infrastructure Development Fund has invested over a billion dollars in three flagship projects,
