Soaring food and fuel prices dominated the African Development
Bank's Annual Meeting in Maputo on 14-15 May, in contrast to last
year's optimistic, Asia-oriented summit in Shanghai. With oil
at US$120 a barrel and the world credit crunch filtering thro...
High oil prices are slowing down Sierra Leone's electrification
plans, says President Ernest Bai Koroma. Many countries
face the same problem. Rising costs at oil-fired power stations
reinforce the need for hydroelectric projects and the African
Devel...
The African Development Bank should become the foremost development institution on the continent and it should invest in big cross-border infrastructure projects, promote African enterprises, develop skills and knowledge and help build capable states.
As economies grow and rival institutions falter, Africa's
bank has a rare chance to establish a critical role on the continent
Much of the credit for the African Development Bank's Shanghai
summit goes to the new management team under President Donald
Kaberuka. He has assiduously built up personal ties with the
key Chinese officials on Africa, such as the Chairman of Exim
Ban...
The African Development Bank's new, big idea is a sharp focus
on infrastructure funding - roads, ports, power generation and
distribution, and water - as well as a fast-growing seed fund
for African businesses. There is no question about Africa's stagg...
Dancers, presidents and tough talking marked Kaberuka's first annual meeting
Since Donald Kaberuka took over as President of the African Development Bank last September he has changed all but one of his top management team and included two women VPs for the first time.
A deadlocked election for the Bank's new leader is holding
back international money
The race to choose a new president for the African Development
Bank is becoming increasingly bitter and political ahead of its
annual meeting, due in Abuja, Nigeria, on 17-19 May. With
the African Union now negotiating peace treaties and running peacek...
|