Uganda Launches Stocktake of Updated Nationally Determined Contribution
The Government of Uganda, with support from the African Development Bank, has launched the stocktake of its updated Nationally Determined Contribution (NDC) and initiated the development process for NDC 3.0. The launch, which took place during an inception workshop at the Sheraton Hotel in Kampala, marks a significant milestone in
Uganda, Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms
Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI) demonstrating exceptional progress in power sector governance and regulatory outcomes. The comprehensive assessment, officially unveiled today at the Africa Energy Forum in Cape Town, evaluates regulatory frameworks across 43 African countries. Uganda,
UDB’s Ojangole named Africa Banker of the Year
Dr. Patricia Ojangole, Managing Director of Uganda Development Bank (UDB)has been named Banker of the Year at the prestigious African Banker Awards. Dr. Ojangole was announced at the 19th African Banker Awards ceremony, held Wednesday at Sofitel Hotel in Abidjan, Côte d’Ivoire, during the African Development Bank Annual Meetings. The
UDB, MD Ojangole listed for African Banker Awards 2025
African Banker magazine has announced the shortlist of nominees for this year’s edition of its annual African Banker Awards with Uganda Development Bank [UDB] and its Managing, Director Patricia Ojangole being nominated in the categories of African Banker of the Year and ‘SME Bank of the Year, respectively. The Cooperative Bank of Kenya
COP30: Africa champions new approach to incentivize climate action
African leaders are advocating for a new approach to measuring the continent’s green wealth, emphasizing that current gross domestic product measures in most African countries are outdated and underestimate their true wealth. They spoke at an event hosted by the African Union Commission and the African Development Bank Group at
Nigeria’s Agro-Revolution: Construction of Special Agro-Industrial Processing Zones begins
Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank , and the State government of Kaduna kickstart the construction of Phase 1 of the Special Agro-industrial Processing Zones (SAPZ) program. The groundbreaking ceremony starts in Kaduna where
African Development Bank and Bank of Africa Tanzania sign $7.5 million facility to boost trade finance
The African Development Bank and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost trade finance activities of the Bank of Africa in Tanzania. Under this facility, the African Development Bank will provide a guarantee of up to 100% to confirming banks
Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport
The African Development Bank and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project. The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate regional
