Around 1,600 people from all over Africa and Japan gathered over six days to explore closer business ties at the Third Japan-Africa Business Forum, which this year attracted the highest number of participants since its launch.
The Fund for African Private Sector Assistance launched its Africa Franchise Accelerator Project in Tanzania. The project will promote and model franchising as part of a national enterprise development strategy to stimulate economic integration, job creation, skills transfer and wealth creation.
FAPA, a multi-donor trust fund that finances technical assistance to advance the African Development Bank’s private sector development strategy, provided a $799,800 grant for the project.
In 2017, the Kenyan government, supported by the African Development Bank, launched the "Last Mile Connectivity Project." Its objectif? To connect the 47% of the population remaining in the darkness to the national electricity grid. Low-income populations are particularly targeted. Without electricity, future prospects are limited, and that’s why this project seeks to limit poverty and improve the living conditions of everyone, such as Peter Muthoka, a farmer, and Joel Nzuki Kanga, a barber.
The African Development Bank Group and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti.
The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program, expected to help drive the island nation’s macroeconomic stability and recovery from Covid-19 in the medium-term.