Tag: African Development Bank Group

Here’s what’s behind Tanzania’s positive growth outlook amidst COVID-19

Earlier this month Tanzania attained lower-middle income status from low income, five years early. Since then, the African Development Bank Group has predicted the country will be registering the highest economic growth in the region for 2020, while some countries are projected to decline into recession due to the crisis. CNBC Africa spoke to Ivan Tarimo, Partner at Bankable Tanzania on the main attributions to Tanzania’s promising outlook.

AfDB announces $10bn war chest to fight COVID-19

The African Development Bank Group has announced the creation of the COVID-19 Response Facility to assist regional member countries fight the pandemic. The facility provides up to $10 billion to governments and the private sector. Khaled Sherif, Vice President for Regional Development, Integration and Business Delivery at the African Development Bank joins CNBC Africa for more.

AU Summit 2020: “This is the year of dealing with root causes of conflicts in Africa” – One Africa’s Edwin Ikhuoria

The Interim Director of One Africa, Edwin Ikhuoria, says to silence the guns of conflict in Africa, the continent’s leaders must first deal with the root cause which is unemployment. Ikhuoria argues that if youths are employed, they will not be available to be radicalised. He discussed this and more with CNBC Africa’s Godfrey Mutizwa on the side-lines of the concluded 33rd African Union Summit.

AU Summit 2020: AFCFTA: How prepared is Africa for July 1st?

The Commissioner for Trade and Industry at the African Union, Albert Muchanga, says the union is ready for the commencement of trade under the African Continental Free Trade Agreement on the first of July this year. While speaking to CNBC Africa’s Godfrey Mutizwa, Muchanga added that the union is almost done with its work on the rules of origin. They discussed this and more on the sidelines of the 33rd African Union Summit.

AU Summit 2020: Chileshe Kapwepwe brekas down COMESA’s 3 pillars of development

The Community for Eastern and Southern African States (COMESA) sees the creation of the Africa Continental Free Trade Area as further enhancement of its work and a bigger opportunity for business from the region rather than as a threat. CNBC Africa caught up with the COMESA Secretary General, Chileshe Kapwepwe on the side-lines of the AU summit.

AU Summit 2020: UNECA on the role of women in promoting development & security in Africa

Silencing the guns is a slogan at this year’s AU summit as part of this the continental body held discussions on the role of women in this initiative. CNBC Africa spoke to UNECA's Executive Director, Vera Songwe for more.

AU Summit 2020: Africa’s youth are our greatest asset & we have to invest in them – Adesina

The African Development Bank (AfDB) has warned that a failure to end conflicts on the continent will undermine plans to accelerate economic integration on the continent. AfDB President Akinwumi Adesina spoke to CNBC Africa on the side-lines of the on-going African Union Summit.

AU Summit 2020: Afreximbank President Oramah: Political will remains key to African free trade

The President of African Export-Import Bank, Benedict Oramah says there is political will and support towards initiatives and tasks set out by the bank across Africa. He spoke to CNBC Africa’s Godfrey Mutizwa on the sidelines of the 33rd African Union Summit to share his thought on political support on the continent.
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