Economic development
The African Development Bank (AfDB) has announced a significant investment in Zimbabwe's rural communities, approving a US$10 million grant from its African Development Fund to boost sustainable agricultural production and strengthen resilience in areas prone to drought. The initiative aligns with the government's programs, such
Economic development
Tanzanian President Samia Suluhu Hassan has hailed the African Development Bank (AfDB) as a vital partner in advancing her country's development agenda. During a visit to the capital city Dodoma, President Samia acknowledged the Bank's significant contributions, particularly under the leadership of Dr Akinwumi Adesina, which
Economic development
President Samia Suluhu Hassan recently inspected several African Development Bank (AfDB)-funded projects in Tanzania, highlighting their strategic importance in bolstering the country's economic transformation, regional connectivity, and administrative capital development. The projects, including the Sh330 billion Msalato International Airport, are expected to ease congestion and meet the
Economic development
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania El-Mashat, announced that the country has secured $15.6 billion in concessional financing for its private sector between 2020 and May 2025. This financing was provided through over 30 bilateral and multilateral development partners, with banks and financial
Economic development
The African Development Bank Group has approved up to $184.1 million in financing for the Obelisk solar power project in Egypt, set to become the largest solar installation on the continent. The ambitious project will feature a 1-gigawatt solar photovoltaic facility and a 200-megawatt-hour battery energy storage system, significantly
Economic development
As cities across the African continent grow at unprecedented rates, they face mounting climate risks and grapple with aging infrastructure, significantly contributing to greenhouse gas emissions. In an effort to highlight the urgent need to bring nature into the heart of Africa's urban planning and development agenda, a
Economic development
Governor Khyber Pakhtunkhwa Faisal Karim Kundi expressed admiration for the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for its significant role in promoting economic growth in the country. Speaking at an event in Islamabad, the Governor highlighted FPCCI's contributions to public-private partnerships and its influence on
Economic development
Egypt has been chosen as one of seven countries to benefit from the Climate Investment Funds' (CIF) $1 billion Industrial Decarbonisation Programme, underscoring international confidence in the country's climate action strategies. The announcement was made by Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, who
Economic development
The Southern African Development Community (SADC) is stepping up efforts to operationalize the SADC Regional Development Fund (RDF), a critical mechanism to bridge financing gaps and reduce dependence on external funding. The RDF is set to transform the region's economic landscape and bolster regional integration in the face
Economic development
A public-private partnership between Provalus, a leading IT outsourcing company, and state and local governments is working to connect rural residents with sustainable IT jobs and drive digital transformations in rural towns. Since its founding in 2017, Provalus has opened offices in eight locations across five states, supporting about 1,
Economic development
Researchers from the College of Business in Qatar's University Doha Science and Technology have made significant findings in the area of trade and economic development, specifically regarding the impact of foreign direct investment (FDI) on China's economic landscape. According to their study, published in The Journal
Economic development
The Indian government has decided to retain Special Purpose Vehicles (SPVs) and Integrated Command and Control Centres (ICCCs) set up under the Smart Cities Mission (SCM), which concluded on March 31, 2025. The Ministry of Housing and Urban Affairs (MoHUA) has issued Advisory No. 27, outlining a two-fold strategy to
