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Africa To Become World’s Manufacturing Hub Through Industrial Cooperation With China:...

AFRICANGLOBE - The chief of the African Development Bank (AfDB) Donald Kaberuka says time has come for Africa to become the world's manufacturing hub and this can be done through industrial cooperation with China as the Asian giant phrases out labor-intensive industries.

Pushing Africa To Invest In Its Infrastructure

Given Africa’s huge infrastructure requirements, he asked, why did African countries not find a way of putting those reserves towards Africa’s development – something that would then inevitably have the multiplier effect of ratcheting up the continent’s economy, rather than supporting a foreign power.

Nigeria’s Biggest Challenge

AFRICANGLOBE - Nigerians can be very touchy when it comes to the performance of their economy. In its effort to project an image of Nigeria as the leading heavyweight on the continent, despite its huge and seemingly growing insecurity problems, the Nigerian government is not taking any negative statements about its economic growth lying down.

Equatorial Guinea Emerges As Macroeconomic Success Story?

AFRICANGLOBE - Equatorial Guinea is showing up on lists of African success stories, its oil and gas-fuelled GDP producing graphs showing sustained growth, and propelling it to the rank of middle-income country.

Africa’s Infrastructure Development: Who’s ‘Offering Plate’?

AFRICANGLOBE - There is so much outflow of capital from this continent’s shores and yet through these resources we have some of the highest growth rates globally. So exactly what is it we are doing right that we seek to maintain? Africa needs deeper discussions around the practicality of the Africa50 Fund.

Africa’s Economy ‘Seeing Fastest Growth’

AFRICANGLOBE - Africa's economy is growing faster than any other continent, according to the African Development Bank (AfDB). A new report from the AfDB said one-third of Africa's countries have GDP growth rates of more than 6%.

AfDB Allocates $3bn to Africa’s Power Sector

AFRICANGLOBE - The African Development Bank (AfDB) on Tuesday said it has earmarked up to $3 billion for Africa’s power sector over the next 5 years. AfDB President, Donald Kaberuka, speaking from Dar Es Salaam, said the bank’s interventions will include investment loans, reforms, advisory and guarantees in the energy sector.

Resource Companies Are Ripping Off Africa – AfDB Chief

AFRICANGLOBE - President of the African Development Bank Group (AfDB), Donald Kaberuka has said Governments should increase taxes on foreign mining and energy companies operating on the continent.

Nigeria and South Africa – Africa’s Largest Investors

AFRICANGLOBE - Nigeria and South Africa accounted for 95 per cent of total portfolio investment of $20.15 billion (N3.204 trillion) recorded in the African continent in 2012, according to the African Development Bank, AfDB.

World Bank, AFDB to Fund $1.26 Billion Ethiopia-Kenya Power Line

AFRICANGLOBE - The World Bank and African Development Bank will provide 80 percent of the funds needed for a $1.26 billion line that will take power to Kenya from Ethiopia.

African Development Bank Approves $232.5m For Key Tanzania-Kenya Road Project

AFRICANGLOBE - The African Development Bank has confirmed the approval of two loans totalling $232.5 million for a road project between Tanzania and Kenya.

US-Africa Trade Up More Than 500 Percent But Many African Countries...

AFRICANGLOBE - Africa's trade with the United States grew by more than 500 per cent between 2001 and 2011, but many African countries missed out on that five-fold growth, a leading Washington expert told African Development Bank (AfDB) staff recently.

AfDB $1.03b Loan to Increase Electric Power in Ethiopia,Kenya

The African Development Bank (AfDB) on Thursday approved a $348 million loan for Ethiopia and Kenya to finance a cross-border power line, the second...

AfDB To Support Kenya’s $10bn Konza Technology City Project

Kenya’s planned multi-billion dollar ICT park, Konza Technology City, has received a major boost from the African Development Bank (AfDB) which has pledged to help...

AfDB Calls for Economic Diversification Across Africa

There is need to diversity African economies in order to cushion the continent from external shocks, a top AfDB official said. The private sector employs...

Experts to Discuss Africa’s Changing Role in the World

Africa's changing role in the world as her economies continue to grow faster than the rest, will be the focus of discussion at the...