The corridor is strategically significant given that Zambia, Angola and the DRC are home to some of the world’s most significant deposits of critical minerals
Zambia and Zimbabwe have each committed US$220 million to restarting the long-delayed $4.2 billion Batoka Gorge Hydropower Station near Victoria Falls
Lesotho villagers allege unsafe conditions and no accountability in the scheme to supply Gauteng
Public banks – Development Bank of Southern Africa, African Development Bank and the New Development Bank – and the Lesotho Highlands Development Authority render women invisible in a process that professes to be inclusive
Transforming the world’s monetary policies would benefit African cities and the continent’s public development banks have a key role to play
The bank’s shareholders, African and non-African alike, must decide whether the mandate will expand to crowd in private finance, derisk green investment and underwriter regional public goods, or whether it will retreat to classical project lending
The AfDB has been led by men since it was founded in 1964.
Endowed with a third of the world’s supply of them, the continent must push for actions that have the most benefits for its people
The continent must use energy minerals for its development rather than feeding them to industrialised countries
The continent’s problems require more than traditional development banking and aid, they need a complete reimagining of how development finance works
Proponents claim that gender bonds represent a powerful tool for addressing gender inequality and unlocking Africa’s economic potential
But the financing models, which blend loans with private investments, could deepen African countries’ debt crisis
Shari’ah financing can help Africa achieve important development goals
This investment, used as a facilitator of local production, can also help develop regional value chains and access upstream global value chains
Heads of state met at the African Development Bank’s gathering this week, where they mulled an overhaul of the world’s financial architecture
The Big Three ratings agencies, Moody’s, S&P Global and Fitch, have extensive influence over how creditors assess Africa’s risk profile
South Africa, the region’s economic powerhouse, looks to record improved, albeit tepid, growth this year and next
The African Development Bank’s economic outlook report notes that 20 countries were in debt distress or at high risk of debt distress, hamstringing their ability to achieve social development goals