AfDB

In a significant step forward for infrastructure and economic development in Ethiopia, a memorandum of understanding was signed for the ambitious Bishoftu International Airport Development Project. This collaboration marks a new chapter, not just for Ethiopian connectivity but for the entire African aviation landscape. The ceremony was graced by the presence of Mr. Mesfin Tasew, the visionary CEO of Ethiopian Airlines Group, and the insightful Mrs. Nnenna Nwabufo, Vice President for Regional Development,…

A quiet Tuesday afternoon turned significant when the African Development Bank (AfDB) broke the news that the list of candidates for the presidency had been finalized. The esteemed Steering Committee, after an arduous evaluation process, has endorsed a select group, ushering them closer to the coveted position. Is the race more about continuity or change? The contenders themselves reflect a tapestry of aspirations, visions waiting to be realized. It's a poignant moment for the AfDB. As the sun begins to set on the tenure of…

The African Development Bank Group (AfDB) has greenlit a $6.6 million grant to assist Somalia’s Federal Government (FGS) in bolstering state capacity, aiming to construct a robust financial framework to foster inclusive and fair growth. The Somalia Financial Sector Development Project is set to hone the capabilities of financial entities, such as the Central Bank of Somalia, the Somalia Development and Reconstruction Bank, and the Financial Reporting Center (FRC). The project focuses on efficient credit delivery,…