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 …

Statement by Mr. Shem Simuyemba, African Development Bank, At the 30th West African Power Pool (WAPP), Donor Coordination Meeting

Statement by Mr. Shem Simuyemba, African Development Bank Manager, NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) At the 30th West African Power Pool (WAPP), Donor Coordination Meeting Held on 1st November, 2017 at Alisa Swiss Spirit Hotel, Northridge, Accra, Ghana Theme: Regional Electricity Market – Ensuring West African Integration The Board Chairman of the West Africa Power Pool (WAPP), Mr Mohammed Usman …

Statement by M. Shem SIMUYEMBA (AfDB) at the Harith Business Day African Infrastructure Dialogue 27th OCT, 2017

HARITH BUSINESS DAY AFRICAN INFRASTRUCTURE DIALOGUE 2017 27TH OCTOBER, 2017, CAPE TOWN, SOUTH AFRICA KEY NOTE ADDRESS PUBLIC-PRIVATE PARTNERSHIPS NEEDED TO BRIDGE AFRICA’S INFRASTRUCTURE GAP AND THE STATE OF INFRASTRUCTURE ON THE AFRICAN CONTINENT SHEM SIMUYEMBA AFRICAN DEVELOPMENT BANK H.E. Kgalema Motlanthe, Former President of South Africa; Mr. Jabu Moleketi, Chairman, Harith General Partners; Mr. Sfiso Buthelezi, Deputy Minister of …