The Board of Directors of the African Development Fund (ADF) on 3 July approved a grant of $165.08 million to support Ethiopia’s response to the health and economic impacts of the COVID-19 pandemic, including helping to ease fiscal pressures on the economy.
Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate well, according to updated forecasts from the African Development Bank, released on Tuesday.
In a comprehensive socio-economic assessment of the pandemic’s impact, the Bank said growth was now projected to rebound to 3% in 2021 from -3.4% in the worst-case scenario for 2020.
An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results, according to a report released by the project team. The project, rolled out in the country between 2012 and 2017 increased the incomes of rural producers and traders threefold.
Helder Andrade est ingénieur mécanique, spécialisé dans l'énergie éolienne. Il a fait ses études supérieures loin du Cap-Vert mais a décidé ensuite de mettre son savoir-faire au service de l’archipel. Son projet, financé par la Banque africaine de développement, vise à renforcer l'autonomie énergétique du Cap-Vert en développant ses capacités.