The African Development Bank Group (AfDB) has secured a $350 million loan from the Japan International Cooperation Agency (JICA) to enhance its support for private sector operations in Africa.
The facility will provide the necessary financial resources to support the growth and development of private sector operations in Africa, which will, in turn, create more jobs, increase productivity, and foster inclusive economic growth. The loan will support various private sector operations, including infrastructure development, agribusiness, energy, and manufacturing. It will also provide financing for small and medium-sized enterprises (SMEs) in Africa, which is critical to job creation and economic growth.
Eastgate Shopping Centre is set to become the proud owner of Africa’s largest registered rooftop solar installation. The final phase of the project is expected to be completed by the end of the year.
Kenya is poised to become a leader in responsible AI development in Africa, with the government partnering with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to launch a project for a National Artificial Intelligence (AI) Strategy.
Kenyan tech startup MPost has announced the launch of their innovative electronic P.O. Box system in Rwanda.
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