United Nations chief Ban Ki-moon warned on Wednesday that failure was not an option in addressing the global food price crisis, and said an extra -billion to -billion per year…
Mozambique’s power utility Cahora Bassa Hydro Electric (HCB) plans to boost power output from the Cahora Bassa Dam by up to 1 000 megawatts in order to meet local and regional…
The African Development Bank (ADB) has lent -million to fund Eskom’s multibillion-dollar expansion project, and to help the power-starved country achieve 6% economic growth from…
Africa’s economy will grow by 6% this year and next, an acceleration from 2007, owing to high oil prices and demand for commodities, research from the African Development Bank…
Zimbabwe has paid back 000 in arrears to the African Development Bank (ADB), despite vast economic problems at home, as part of efforts to meet commitments to donors, the bank…
The African Development Bank (AfDB), the only multilateral development body specifically devoted to Africa, will add -billion to its portfolio of agricultural loans to help…
The Asian Development Bank called on Saturday for immediate action from global governments to combat soaring food prices and pledged fresh financial aid to help feed the Asia…
African Development Bank pledged -billion more for food aid on Friday as soaring commodity prices raise fears of famine, and it urged grain-exporting countries not to restrict…
Police battled demonstrators in Istanbul as tens of thousands of workers rallied on World Labour Day on Thursday while soaring food prices brought large crowds on to the streets…
The Asian Development Bank (ADB) is taking large risks by investing more in private equity firms than it is allowed to and internal controls of such investments show ”serious…
The provinces of Mpumalanga in South Africa and Maputo in Mozambique provinces signed a cooperation agreement on Thursday relating to economy, health and agriculture, the office…
A ”silent tsunami” unleashed by costlier food threatens 100-million people, the United Nations said on Tuesday, but views differed as to how to stop it. The Asian Development…
The head of the International Monetary Fund (IMF) gave a gloomy report on Saturday on prospects for the world economy to a dozen leaders debating how to respond to global…
United States President George Bush will spend most of his time during a five-nation tour of Africa later this month in Tanzania, to spotlight development gains in the East…
Africa could attract more than -billion in investment to plug big infrastructure gaps provided individual states cede more sovereignty to strengthen regional economies, an…
Kenya’s opposition on Wednesday called off mass rallies scheduled for Thursday to protest disputed presidential polls. This was at the request of former United Nations chief Kofi…
The World Bank and African Development Bank, acting over the turmoil in Kenya, said on Tuesday they may have to adjust lending programmes if unrest persists following a disputed…
Cambodia suffered its worst-ever outbreak of dengue fever last year and it killed 407 people, most of them children, the highest toll in nearly a decade. Dengue, which causes…
Microcredit, tiny loans to the world’s poorest, is booming and now benefits more than half a billion people but Africa and Latin America lag behind Asia and unscrupulous lenders…
International lenders have signed up a -million loan for the construction of a pan-African submarine cable to slash communication costs in the region. Five lenders, including…
