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              Ghana, AfDB ink landmark deal for Volta Economic Corridor

              Ghana, AfDB ink landmark deal for Volta Economic Corridor

              Rwanda PM, Ngirente advocates nuclear energy for Africa’s future

              Rwanda PM, Ngirente advocates nuclear energy for Africa’s future

              NNPC boosts Nigeria’s energy transition with 35 CNG bus donation

              NNPC boosts Nigeria’s energy transition with 35 CNG bus donation

              Tanzania, Hungary sign air services deal to aid connectivity, trade

              Tanzania, Hungary sign air services deal to aid connectivity, trade

              Rwanda, Nigeria enhance ties in trade, aviation, ICT

              Rwanda, Nigeria enhance ties in trade, aviation, ICT

              Namibia flags off first AfCFTA export, boosts continental trade

              Namibia flags off first AfCFTA export, boosts continental trade

              Nigeria:Tinubu urges global governance overhaul at BRICS summit

              Nigeria:Tinubu urges global governance overhaul at BRICS summit

              Trending Tags

              • FEATURES
                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet the newly appointed executives steering NNPC Limited

                Meet the newly appointed executives steering NNPC Limited

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Nigeria’s Newly Nominated Ministers

                Meet Nigeria’s Newly Nominated Ministers

                Nigeria’s $5 billion FLNG project gets Presidential endorsement

                FULL TEXT: President of Nigeria 2024 Independence Day speech

                Trending Tags

                • DIGITAL ECONOMY
                  Tanzania signs deal with Cuban firm to enlarge TBPL

                  Tanzania signs deal with Cuban firm to enlarge TBPL

                  Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                  Namibia: President Nandi-Ndaitwah unveils new cabinet

                  Kenya: Ministry of Health outlines SHA compliance measures

                  Kenya: Ministry of Health outlines SHA compliance measures

                  South Africa: Durban Port to expand vehicle terminal

                  South Africa: Durban Port to expand vehicle terminal

                  Botswana, Türkiye aim for stronger ties

                  Botswana, Türkiye aim for stronger ties

                  Nigeria to host 2025 Afreximbank annual meetings

                  Nigeria to host 2025 Afreximbank annual meetings

                  Ghana:Adjei reaffirms commitment to expanding urban water supply

                  Ghana:Adjei reaffirms commitment to expanding urban water supply

                  Mahama reaffirms commitment to economic stability

                  Mahama reaffirms commitment to economic stability

                  Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

                  Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

                  Trending Tags

                  • INTERVIEW
                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

                    White House Welcomes Kenya William Ruto for First African State Visit

                    White House Welcomes Kenya William Ruto for First African State Visit

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Ghana’s registra department: driving digitization for effecient services

                    Ghana’s registrar department: driving digitization for efficient services

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    Trending Tags

                    • EVENTS
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                    • LISTS
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                      Ghana: Vice President Bawumia launches Credit Scoring System

                      Ghana: Vice President Bawumia launches Credit Scoring System

                      FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

                      FAAN MD Olubunmi Oluwaseun Kuku has emerged as Public Sector Global CEO of the Week

                      Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

                      Sam Shivute, Commissioner General, Namibia Revenue Agency has Emerged as Public Sector Global CEO of the Week

                      Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

                      Ms. Hapiloe Sello, Chief Executive Officer, South African National Parks has Emerged as Public Sector Global CEO of the Week

                      Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

                      Dr. Douglas Letsholathebe, Minister of Education and Skills Development, Botswana has Emerged as Public Sector Global Minister of the Week

                      Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

                      Bashir Adewale Adeniyi MFR, Comptroller General, Nigeria Customs Service has Emerged as Public Sector Global CEO of the Week

                      Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

                      Ms. Latifa Mohamed Hamis, Director General, Tanzania Trade Development Authority, has Emerged as Public Sector Global CEO of the Week

                      The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

                      The Minister of Health, Morocco, Hon. Khalid Ait Taleb has Emerged as Public Sector Global Minister of the Week

                      Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

                      Esther Ngari Emerges Public Sector Global ‘CEO of the Week’

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                      Ghana, AfDB ink landmark deal for Volta Economic Corridor

                      Admin by Admin
                      July 9, 2025
                      in NEWS, West Africa
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                      Ghana, AfDB ink landmark deal for Volta Economic Corridor
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                      The African Development Bank (AfDB) and the Government of Ghana signed a groundbreaking Letter of Intent (LoI) today to advance the Volta Economic Corridor, a cornerstone of Ghana’s ambitious 24-Hour Economy and Accelerated Export Development Programme (24H+).

                      The agreement, formalized in partnership with the 24H+ Secretariat and the Ghana Infrastructure Investment Fund (GIIF), aims to transform Lake Volta into a multimodal transport hub, driving agricultural and industrial growth while boosting cross-border trade with landlocked neighbors Burkina Faso, Mali, and Niger.

                      The signing ceremony, held in Accra, follows the launch of the 24H+ Programme, a national initiative designed to enhance round-the-clock production, elevate export competitiveness, and attract private investment through strategic public-private partnerships. The Volta Economic Corridor is poised to become a flagship project under this program, leveraging Lake Volta’s strategic position to unlock economic potential across the region.

                      Under the agreement, the 24H+ Secretariat, based in the Office of the President, will oversee coordination and strategic implementation. The GIIF will act as the anchor for infrastructure development, establishing three Special Purpose Vehicles (SPVs) to spearhead investments in Inland Water Transport and Port Infrastructure, Agro-Ecological Parks and Irrigation Systems, and Lakeside Industrial Parks and Logistics Zones.

                      ALSO READ:RWANDA PM, NGIRENTE ADVOCATES NUCLEAR ENERGY FOR AFRICA’S FUTURE

                      The AfDB will explore co-financing options for critical infrastructure and work to mobilize additional funding from development partners and private lenders. Mike Salawou, AfDB’s Director for Infrastructure and Urban Development, emphasized the bank’s commitment, stating, “We are excited to collaborate with Ghana’s 24H+ Secretariat and GIIF to support the Volta Economic Corridor, a project that aligns with our goals to Feed Africa, Industrialize Africa, and Integrate Africa.”

                      Augustus Goosie Tanoh, Presidential Advisor and Head of the 24H+ Secretariat, hailed the partnership as a milestone. “This collaboration underscores Ghana’s resolve to harness transformative capital and expertise to achieve our 24-hour production vision, creating jobs and positioning Ghana as a trade hub under AfCFTA,” he said.

                      Nana Dwemoh Benneh, CEO of GIIF, highlighted the fund’s role in bridging public and private investment. “With government seed funding, GIIF is well-positioned to attract the capital needed to bring this transformative project to life,” he noted.

                      Tags: 24-Hour EconomyAfDBGhanaVolta Economic Corridor
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                      Ethiopia’s GERD nears inauguration, nailed as regional opportunity

                      Ethiopia’s GERD nears inauguration, nailed as regional opportunity

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                      Ghana, AfDB ink landmark deal for Volta Economic Corridor

                      Ghana, AfDB ink landmark deal for Volta Economic Corridor

                      July 9, 2025

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