AfDB’s Regional Integration Strategy – African Leaders Gather in Abidjan

“Integrate Africa”, the fourth of the African Development Bank (AfDB’s) five strategic development priorities, the High 5s, was the central theme of discussions with regional stakeholders in Abidjan. Welcoming over 50 participants at the meeting, AfDB President, Akinwumi Adesina set the tone of the deliberations, saying that integrating Africa would help achieve the High 5 objectives in a coherent way. “Today, we …

US$300 million loan agreement for Nacala Corridor project signed

The African Development Bank and other participating co-lenders have signed agreements for the financing of the Nacala Corridor project. The Nacala Corridor is an integrated and transformative infrastructure project which consists of a 912 km railway and a port meant to unlock the Western region of Mozambique and landlocked Malawi. The total project cost is estimated at $5 billion. The …

ZTK power interconnector making steady progress

https://www.esi-africa.com/news/ztk-power-interconnector/ Reflecting on progress on the Zambia, Tanzania and Kenya (ZTK) power interconnector project since 2014, Kenya demonstrates readiness so far. According to the East African Business, the Kenya section is fully financed and already under construction, while Zambia requires $160 million for the uncommitted parts. The 2,300km ZTK power interconnector seeks to interconnect the three countries and create a …