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Tag African Development Bank (AfDB)

Achieving Universal Access to Energy; Africa Caught Between a Rock and a Hard Place

LUSAKA – “It is unacceptable that 138 years after Thomas Edison developed the light bulb, hundreds of millions of people cannot have access to electricity to simply light up the bulb in Africa,” says Africa Development Bank (AfDB) Group President, Akinwumi Adesina, mourning the gloomy statistics showing that over 645 million people in Africa lack access to electricity, while over 700 million are without clean energy for cooking.

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Africa’s rising middle class: Time to sort out fact from fiction

It takes quite some fantasy to imagine how, based on the living costs in Africa’s urban centres, a $2-a-day threshold catapults someone from the $1.99 margin as criteria for poor into a middle-class existence. And then into playing a pioneering role in the continent’s future transformation.

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Interview with Laura Frigenti, Director of the new Italian Agency for Development Cooperation

Brussels – A generation. That’s how long Laura Frigenti had waited for the Italian Development Cooperation Agency to be launched. In 1987, Italy passed a law on international cooperation that remained in force for 27 years. An eternity, during which time Frigenti left Italy and had a highly successful international career spent mostly at the World Bank. January 1st, 2016 marks her return to her birthplace where she has been appointed to lead the new Italian Development Cooperation Agency, officially established by the Italian parliament with the approval of a new bill on development cooperation in August 2014 (law125/2014).

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Africa needs to rethink strategy and tactics for industrialisation

African policy makers must rethink both their strategy and tactics. The evidence and data show at least five areas in which the structure of the economies can be changed.

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Africa eyes M-Pesa model as mobile phone use goes up

The number of people owning mobile phones in Africa has grown to 735 million, setting the stage for mass adoption of Kenya’s money transfer model by countries keen to enhance access to financial services. A policy brief from the office of the African Development Bank’s (AfDB) chief economist Mthuli Ncube relies on the annual average growth of 30 per cent in mobile telephone use on the continent since 2000 to arrive at the figure.

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