Search Results for: african development bank

SALES DEVELOPMENT REPRESENTATIVE AT INFOBIP

Posted on by Gambeta News

Infobip – At Infobip we dream big. Last year, over half of the world’s population interacted with businesses through the Infobip platform. It didn’t happen by chance: through 40+ offices on 6 continents, we are truly committed to helping our 200 000 enterprise clients reach and engage mobile users. Join us in driving the continuous success of Infobip by creating products that our customers love. Sales Development Representative Why is this Role Important at Infobip…

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African Finance Corporation to fund Natural resources development across Africa

Posted on by Gambeta News

AFC have set aside US$700m for the development of Africa’s Natural resources sector. At the 9th West and Central Africa (WACA) Mining Conference and Exhibitions, Begna Gebreyes , the Vice President, Investment, of African Finance Corporation (AFC) said, AFC will be making available about US$700 million for the development of the natural resources sector of the continent. In his statement he buttressed that for the socio-economic development of African countries, more infrastructure will be needed by resource extraction firms….

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ZENITH BANK EXPANSION PLAN

Posted on by Gambeta News

Zenith bank chairman, jim ovia discusses the expansion plan of the bank, also had a talk on Nigeria and Africa  economy. Zenith bank is in the UK and several African countries, including The Gambia, Sierra Leone, and so on. The bank  stocks are traded on the London Stock Exchange.  This shows the bank is rapidly expending worldwide. According to the chairman, ”Our UK subsidiary recently opened a branch in Dubai as part of our expansion…

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SECTORS IN GHANA WILL BE REORGANISED WITH THE NEW BANKING REGULATION

Posted on by Gambeta News

 Ghana’s central bank is tightening bank’s capital requirements because of banking crisis in the country. On 14th August, a deal was approved by the country’s central bank called the Bank of Ghana(BOG) to allow Ghana Commercial Bank (GCB)  to take over the deposits and some of the assets of UT Bank and Capital Bank. Because of “severe impairment” of capital, BOG announced that it had revoked the licences of the banks. Losing their licence  was a shock for all …

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South African software developers are in high demand

Posted on by Gambeta News

South African software developers that service the financial sector are in high demand locally and internationally as they capitalize on expertise gleaned from operating in one of the most sophisticated banking and advanced mobile tech environments in the world. The country’s highly progressive banking system, good technical skills, mobile know-how and competitive pricing are making it an important destination for international fin-tech software development. South Africa has a developed banking system, and her mobile technology…

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CHINESE FIRM TO EMBARKED ON SEWERAGE SYSTEM PROJECT IN RWANDA

Posted on by Gambeta News

The Kigali Centralised Sewerage System project, undertaken by China Railway Construction Engineering Group (CRCEG), is a significant initiative set to enhance sanitation services in Kigali City. Dominique Murekezi, the Ag. Managing Director at WASAC Development Ltd, highlighted that the project aims to establish a comprehensive sewerage network covering 89 kilometers across Kigali and includes the construction of a wastewater treatment plant with a capacity of 12,000 cubic meters. Commencing in August 2023 with preliminary studies…

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AfDB OPENS NEW ULTRAMODERN BUILDING IN CAMEROON

Posted on by Gambeta News

AfDB has officially unveils its plans with the opening of an ultra modern regional office building in Yaounde, Cameroon that reaffirms its commitment to Central Africa’s development course. The building which is situated in the Golf district, will have six-storey regional office building that is equipped with 130 workstations, several meeting rooms, and a clinic. Also the Central Africa regional office is expected to operate as one of six Bank globally, including one in Asia….

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ADB TO REINFORCED INFRASTRUCTURAL PARTNERSHIP WITH MOZAMBIQUE

Posted on by Gambeta News

The African Development Bank and Mozambique reinforced their partnership during a visit by Mr. Solomon Quaynor, the Bank’s Vice President for Private Sector, Infrastructure and Industrialization. This visit, held from March 12th to 15th, 2024, underscores the Bank’s commitment to supporting Mozambique’s economic growth trajectory, particularly following the third review of the country’s Extended Credit Facility with the International Monetary Fund and the Bank’s recent Economic Acceleration Package and Budget Support Mission. Accompanied by the Bank’s…

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HOW SENEGAL DRINKING WATER TREATMENT PLANT IS HELPING IMPROVING WATER SUPPLY

Posted on by Gambeta News

The Project relating to the construction of a third drinking water treatment plant in Keur Momar Sarr (KMS3), launched in 2017 in the Louga department, is a major drinking water facility supplied by Senegal’s Lac de Guiers.  The plant produces an additional 200,000 m3 of drinking water per day.  Water is distributed it over the newly-built 920 kilometre-long network and through a 216-km-long pipeline to 85 household connections. The plant, which was opened in 2021 by Senegalese President Macky…

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TOGO PRESIDENT DISCUSSED RN1 UNITY HIGHWAY FUNDING PLANS WITH AfDB BOSS

Posted on by Gambeta News

The President of Togo, Faure Gnassingbé, and the President of the African Development Bank (AfDB), Akinwumi Adesina, met on February 27, 2024. The meeting focused on mobilizing funds to implement the RN1 Unity Highway (Lomé-Cinkassé) project. The RN1 Unity Highway project requires a $2.9 billion investment. The AfDB and its partners will provide the funds.  Gnassingbé and Adesina explored strategies to attract investors to the project. The project should bolster Togo’s position as a logistics hub…

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TOGO AND NIGER SIGNED GAS OIL SUPPLY DEAL

Posted on by Gambeta News

Niger could soon supply diesel to Togo. Talks in this framework were recently held, according to a press release from the Nigerien Ministry in charge of Energy. The release referenced a meeting that took place on February 17, 2023, between the Ministers of Energy of Togo, Burkina Faso, Mali, and Niger.  Quoting the release, the Agence Nigerienne de Presse (ANP) reported that the meeting aimed to “bolster the cooperation between the various countries in the field…

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AVIATION CENTRE LAUNCHED IN RWANDA

Posted on by Gambeta News

Rwanda, on February 14, launched a Centre of Excellence for Aviation Skills (CEAS) aimed at building local capacity and empowering the labour force in the aviation industry in the region and beyond. The five-year project will be implemented in collaboration with the African Development Bank at an investment worth $26.6 million (approx. Rwf34.1 billion) to build a skilled workforce to meet national and international aviation training standards and industry demand. The centre of excellence will…

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HOW AfDB US$40M MOZA FACILITY WILL BENEFIT ZIMBABWE GOVT.

Posted on by Gambeta News

The African Development Bank’s (AfDB) US$40 million loan to Mozambique’s State-owned rail and port authority, Portos e Caminhos de Ferro de Moçambique EP (CFM), will help neighbouring countries, including Zimbabwe, the regional bank has said. The commitment by the AfDB is a corporate loan that will enable CFM to finance the purchase of rolling stock (locomotives, wagons and tank containers) for its main corridor, the Ressano Garcia railway line. This line generates more than 90%…

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BOSTWANA & ZAMBIA GOVT IN A POWER STRUGGLE OVER KAZUNGULA BRIDGE AUTHORITY

Posted on by Gambeta News

Almost three years after the completion of the Kazungula Bridge, the governments of Botswana and Zambia are reportedly entangled in a silent power struggle over the establishment of the Kazungula Bridge Authority. The project, designed to connect the SADC region from Durban to Kinshasa, has hit a roadblock, leading to potential collapse due to differences between the two countries. Investigations by The Voice reveal that the joint project has strained relations between Botswana and Zambia,…

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AfDB APPROVED US$302M FOR MAURITANIA-MALI 225KV ELECTRICITY PROJECT

Posted on by Gambeta News

The Board of Directors of the African Development Fund, the concessional window of the African Development Bank Group, has approved a $302.9 million loan co-financing for a multinational power project that will connect 100,000 households across Mauritania and Mali. The Mauritania-Mali 225kV Electricity Interconnection and Solar Power Plant Development Project form part of the Desert to Power Initiative. The funds comprise $269.6 million for Mauritania and $33.3 million for Mali. Other partners, including climate funds,…

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ECOWAS LAUNCHES REGIONAL OFF-GRID ELECTRICITY IN THE GAMBIA

Posted on by Gambeta News

The opening ceremony of the 8th ECOWAS Sustainable Energy Forum (ESEF 2023), organised on Thursday 12 October 2023 in Praia, Cabo Verde by the ECOWAS Regional Centre for Renewable Energy and Energy Efficiency (ECREEE), was also the occasion for the launch of the Regional Off-Grid Electricity Access Project (ROGEAP). These 2 activities were launched by H.E Ulisses Correia E. Silva, Prime Minister of Cabo Verde and H.E. Dr Omar Alieu Touray, President of the ECOWAS…

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EU AVAIL US$120M FOR REHABILITATION OF KARIBA DAM IN ZIMBABWE

Posted on by Gambeta News

The European Union (EU) has availed €113 million (about US$120 million) towards the rehabilitation of Kariba Dam as part of its Global Gateway initiative to improve the country’s electricity generation capacity. This was disclosed yesterday during a tour of the project site by EU ambassadors to Zimbabwe and Zambia Jobst von Kirtman and Karolina Stasiak respectively, Energy minister Edgar Moyo and his Zambian counterpart Peter Chibwe Kapala, among other delegates. Zimbabwe and Zambia jointly own…

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AfDB ANNOUNCED PLANS FOR CONSTRUCTION OF ABIDJAN TO LAGOS HIGHWAY

Posted on by Gambeta News

African Development Bank (AfDB) Group has reiterated its commitment to funding the construction of the Abidjan to Lagos highway. The bank, in a statement on its website, said it was playing a leading role in mobilizing funding for the project. It said that Heads of State in the Economic Community of West African States (ECOWAS) had decided to speed up the construction of the highway. “The bank has already contributed 25 million dollars to fund…

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RWANDA GOVT. APPROVED US$52MILLION FOR EXPANSION OF KARENGE TREATMENT PLANT

Posted on by Gambeta News

Lawmakers are set to convene in an extraordinary sitting on Tuesday afternoon to approve financing agreements including $52 million (about Rwf62.8 billion) for the expansion of Karenge water treatment plant capacity, according to information from Rwanda Parliament. The loan agreement between the Government of Rwanda and the Hungarian Export-Import Bank is meant to increase the capacity of the Karenge water treatment plant. The agreement was signed between the Government and the bank representatives on July…

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UNLEASHING AFRICA’S ENGINEERING POTENTIAL: CHARTING A COURSE FOR INCLUSIVE GROWTH AND PROSPERITY

Posted on by Gambeta News

By Kazawadi Papias Dedeki (Pr. Eng, ACIArb, MIPM, CIPM, Accredited Mediator, Arbitrator and Certified Circular Economy Expert) – President of the Federation of African Engineering Organizations (FAEO) and Chairman of WFEO Committee on Anti-Corruption Africa’s engineering capacity for economic development varies across nations, with countries like South Africa and Nigeria making notable progress. However, challenges such as the skills gaps, inadequate infrastructure, and political instability persist. The sufficiency of engineering capacity in Africa to drive economic…

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