Eskom crippled by poor management, not lack of investment - AfDB chief

2019-09-29 15:56

Eskom, struggling under the weight of about $30bn in debt, has been hurt by poor management, not lack of investment, says AfDB president Akinwumi Adesina.

Top Africa stories: Mnangagwa and the Mugabes, Chamisa's inauguration

2018-09-11 05:53

Zimbabwean President Emmerson Mnangagwa reportedly spent more than half a million US dollars 'to mend fences with the Mugabes', and Zimbabwe's MDC leader says he will be inaugurated this week.

A year after Jammeh's exit, Gambia emerges from the shadows

2018-01-19 19:23

A year after Jammeh's exit, Gambia emerges from the shadows; 'Time to rebuild a country'.

Recession-hit Nigeria details economic recovery plan

2017-03-09 19:32

Nigeria's government this week launched a master plan to lift it out of recession, hoping to hit 7.0% growth by 2020, but economists believe the programme sets the bar too high.

Power crunch to curb SA growth - AfDB

2016-05-25 05:00

Electricity shortages, low commodity prices and low consumer and business confidence will continue to restrain economic growth, says the African Development Bank.

AfDB to help Zim clear arrears

2015-09-16 10:51

The African Development Bank is set to help Zimbabwe settle its arrears to the bank, the International Monetary Fund and the World Bank.

Zim gets $108m for electricity

2014-12-10 17:30

Zimbabwe has received a $108m grant from the African Development Bank to improve electricity and water supplies.

South Sudan cities to get electricity

2013-12-18 18:05

Three cities in South Sudan will get access to an electricity grid after the African Development Bank approved a $26m grant.

'Africa's economy will grow steadily'

2013-05-31 13:52

The annual Economic Outlook programme predicts that Africa's economy will grow by 4.8% this year and accelerate to 5.3% in 2014.


Zimbabwe post-Mugabe economy to grow by 6%

2018-10-01 19:51

Zimbabwe's economy will grow by 6.3% this year driven mainly by agriculture and mining, the finance minister has said, as the government seeks to boost growth after the fall of Robert Mugabe.

Zimbabwe seeks return to dollar as new govt sworn in

2018-09-10 16:51

Zimbabwe's newly sworn-in finance minister says he plans to reintroduce the Zimbabwe dollar and accelerate plans to repay the country's debt, in a bid to revive the battered economy.

'Massive' infrastructure spending needed in Africa, says report

2018-01-18 17:38

Economic growth in Africa picked up steam last year and is set to accelerate strongly in 2018, but "massive investments" are needed in infrastructure, the African Development Bank (ADB) has said.

Africa won't fall back into 1990s-style debt trap - AfDB

2016-05-30 19:29

Africa is unlikely to fall into the type of unsustainable debt trap seen in the 1990s despite a spike in borrowing and widening budget deficits, says the AfDB.

Africa growth stays strong even as China slumps - AfDB head

2016-02-03 20:00

Strong investment flows to Africa will sustain high economic growth on the continent even amid low oil prices and a slowdown in China, the African Development Bank head says.

Zim needs business-friendly mindset, says AfDB

2015-06-18 11:45

Zimbabwe should fix its business environment and make the economy conducive for investment to unlock its growth potential, says the African Development Bank.

African middle class on the rise

2014-10-28 18:16

More than one in three Africans have entered the middle class in the past decade, with numbers set to increase thanks to rapid economic growth, a study shows.

SA's growth sinks - AfDB poll

2013-08-08 10:43

An African Development Bank survey has placed South Africa among the ten slowest-growing countries in Africa this year, according to a report.

Africa to notch up higher growth

2010-11-19 11:41

The African Development Bank president says the continent is recovering well from the global crisis and should attain 6% growth in 2011.

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