Africa’s financial landscape is to undergo a significant transformation as the continent’s major pension funds prepare to converge in Kampala, Uganda, for the inaugural “$700 Billion in 1 Room” All Africa Pensions Summit. This pivotal meeting, announced today during a…
The African Development Bank (AfDB) Group is reinforcing its long-standing partnership with Kenya, committing to a future of sustained economic growth despite global headwinds. This renewed commitment was the central theme of a high-level meeting between AfDB’s Regional Director, Alex…
Africa’s contribution to global trade stands at a modest 3%, a number that falls too short of the continent’s immense potential. However, a closer look at intra-African trade reveals a more concerning trend: a decline from 14.5% in 2021 to…
The African Development Bank (AfDB) is in advanced talks with Uganda’s Ministry of Works and Transport to fund a transformative project aimed at upgrading regional aerodromes, with a primary focus on converting Arua Airfield into a full-fledged international airport. The…
The government of Uganda has announced plans to secure a new USD 400 million (over Shs1.4 trillion) loan from a consortium of lenders, including the African Development Bank (AfDB), the International Fund for Agricultural Development(IFAD), the Islamic Development Bank and UniCredit…
As the world grapples with unprecedented global shocks, escalating trade disruptions, climate impacts, and geopolitical tensions, a call to action has resonated from the heart of Africa. At the 28th Annual Conference on Global Economic Analysis in Kigali, Rwanda, Dr.…
Dr. Akinwumi Adesina, the African Development Bank President, has warned of economic shockwaves from the new US tariffs, which could have far-reaching consequences for African countries. Speaking to CNN’s Christiane Amanpour, Dr. Adesina revealed that 47 of Africa’s 54 countries…
Uganda has been named among the fastest-growing economies in Africa by the African Development Bank Group (AfDB). According to the latest statistics from AfDB, with a growth rate of 7.2%, Uganda is ranked third on the continent, driven by the…
This strategic appointment aims to drive development across the Southern African region, leveraging Dr. Mbekeani’s extensive experience in development finance, trade, regional integration, and infrastructure development. Dr. Mbekeani’s Expertise and Experience As a Malawian national with over 25 years of…
The African Development Bank Group has appointed Ugandan national, Dr. Alex Mubiru, as Director General for East Africa, a strategic move aimed at achieving market expansion in the region. With over 25 years of experience in international development, Dr. Mubiru…
The African Union Commission, United Nations Economic Commission for Africa, and the African Development Bank are hosting the 6th Africa Climate Talks in Kampala, Uganda, on April 7-8, 2025. This critical event brings together government representatives, experts, and stakeholders to…
The African Development Bank (ADB), under the leadership of its outgoing President Akinwumi Adesina, is playing a pivotal role in driving economic growth in various African countries, including Uganda. In recognition of his efforts to transform African economies, Kenyan President…
The African Development Bank (AfDB) has been instrumental in fueling socio-economic development in Uganda through its strategic partnerships with local financial institutions, such as the Uganda Development Bank (UDB). The UDB has been at the forefront of driving socio-economic transformation…
In a move aimed at boosting economic development in South Sudan, the African Development Fund (ADF) has approved a grant of USD 153.66 million (over Shs562 billion) for the Uganda-South Sudan power interconnection project. The project, which is part of…
The World Bank and the African Development Bank (AfDB) have launched “Mission 300,” a joint initiative aimed at providing electricity access to nearly 300 million Africans over the next five years through a $50 billion investment. The ambitious pledge was…