The African Development Bank has released a $1 million grant to Uganda to help the East African country tackle an outbreak of the Ebola virus.
The African Development Bank reaffirmed its full support for the Lake Chad Basin Commission (LCBC), which brings together Cameroon, Niger, Nigeria and Chad, faced with the threat of the jihadist group Boko Haram.
The African Development Fund (ADF) has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia.
The African Economic Outlook 2020 states that Africa’s economic growth has stabilized at 3.4 percent in 2019 and is expected to pick up to 3.9 percent in 2020 and 4.1 percent in 2021 but to remain below historical highs.
During the unveiling of the AfDB flagship economic report, the Bank's President said that Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens because “nobody eats GDP.''
Africa’s economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank’s (AfDB) 2020 African Economic Outlook (AEO) reveals.
The African Development Bank ((AfDB) approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company, Corplease, expand its operations in the North African country.
The United Kingdom has reaffirmed its commitment to Africa’s economic transformation.
The Board of the African Development Fund (ADF) approved a $685,000 grant to strengthen Zimbabwe’s capacity to manage disaster risks.
Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank, Akinwumi Adesina, to open markets for trading at London Stock Exchange on Wednesday 22 January.
The UK is partnering with five African countries to mobilise private sector investment in quality, environmentally-friendly infrastructure projects, International Development Secretary Alok Sharma announces.
AfDB allocates €1.2 million to train policymakers in boosting mining revenues in 8 African countries
The African Development Bank (AfDB) has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues in Africa.
The African Development Bank (AfDB), United Nations (UN) and the World Bank Group launched the Zimbabwe 2019 Joint Needs Assessment Report.
The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital and $36 million debt facilities, to support innovative, off-grid energy access companies.
The AfDB has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa.
The Economic Community of West African States has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the helm of the institution.
The Board of Directors of the African Development Bank (AfDB) approved a Partial Risk Guarantee (PRG) of $100 million to support the Sahofika hydro-power project in Madagascar.
Over three million people from Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s (AfDB) board.
The Board of Directors of the African Development Bank has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its outreach and impact to 1,000 select youth entrepreneurs.
The African Development Bank (AfDB) and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market.
Donors of the African Development Fund (ADF) agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty.
The Department of Trade and Industry (the dti), will launch the Specialised Industrial Facility (SIF) at the Ekurhuleni East Technical Vocational Education and Training (TVET) College, in Springs, Gauteng on Friday, 6 December 2019.
AfDB approves €48,82 million for Desert to Power Yeleen programme to increase solar generation in Burkina Faso
The African Development Bank (AfDB) has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.
The African Development Bank and technology firm Microsoft have launched an online tool to provide digital skills to African youth, wherever they are across the continent.
The Board of Directors of the African Development Bank Group has approved a $210 million financing package to the Federal Republic of Nigeria for the Nigeria Transmission Expansion Project.
COMESA, EAC and ECOWAS launched a digital platform specifically designed to address the information needs of women in business and connect them via a custom-built social networking tool in Kigali, Rwanda.
The African Development Bank and partners officially launched the Affirmative Finance Action for Women in Africa (AFAWA) Risk Sharing Facility at a press conference held during the 2019 Global Gender Summit in Kigali, Rwanda.
The African Development Bank (AfDB) has approved a long-term Senior Loan of $ 400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility in Mozambique.
The Green Climate Fund (GCF) and the African Development Bank (AfDB) are working together to support a USD 154.0 million renewable energy financing framework in Zambia.
[South Africa] Absa looks to promote intra-regional trade and investment through $250 million trade finance deal
Absa and the AfDB have signed a US$ 250-million Risk Participation Agreement (RPA) which, when fully utilised, is estimated to mobilise over US$ 2 billion worth of trade business over three years.
The African Development Bank launched the "Investia Enterprise" program to strengthen the dynamics of financial inclusion for Tunisian small and medium enterprises (SMEs).
Africa has grasped the Fourth Industrial Revolution, needs to improve access to finance, skills and inclusive growth, AfDb report
A report compiled by the African Development Bank reveals a continent that is embracing the brave new world of the Fourth Industrial Revolution but needs to improve access to finance, skills and inclusive growth.
The African Development Bank will officially launch its Electricity Regulatory Index (ERI) 2019 at this year’s Africa Investment Forum, Africa’s premier investment marketplace, currently underway in Johannesburg, South Africa.
Horn of Africa countries launch regional initiative to forge closer economic ties, strengthen political climate
Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region.
Governors of the AfDB representing shareholders from 80 countries approved a landmark $115 billion increase in capital.
The African Development Bank and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans.
[Tunisia] African Development Bank grants STEG €138 million for electricity and renewable energy project
The Board of Directors of the AfDB has approved a total funding of 138 million euros for the Tunisian Electricity and Gas Company (STEG) to implement the project development and equipment of the electricity transmission network.
Malawi receives $13.2 million for sustainable fisheries, aquaculture development and watershed management project
The African Development Bank Group has approved a $13.2 million financing package for a fisheries and aquaculture development project in Malawi.
The African Development Bank, in partnership with the Government of Madagascar and the African Risk Capacity, has launched the Africa Disaster Risks Financing Programme in Madagascar.
The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets.
Africa50, Colas, Jovena and SN Power have signed a shareholders’ agreement to develop the Volobe hydropower plant in Madagascar.
African Development Bank announces new accountability index to measure institutional lending to women
The African Development Bank president said that a new tool to track the level of lending to women across the continent will be important for ensuring women get the critical financial help they need.
The Board of Directors of the African Development Bank Group has approved loans of around €209 million to fund the expansion of a highway that links major economic hubs in Kenya.
The Director-General of the OPEC Fund for International Development (the OPEC Fund) Dr Abdulhamid Alkhalifa has signed a US$20 million loan agreement to support water and sanitation infrastructure in Rwanda.
African Development Bank President Akinwumi Adesina has pledged to boost funding commitments by $12.5bn to help countries adapt to the effects of climate change between 2020 and 2025.
The Board of the African Development Bank has approved a proposal for $17.7 million to finance the first social sector project in South Sudan since the Bank’s engagement in the country in 2012.
The African Development Bank (AfDB) country office in Zambia and the UN Nutrition Network have agreed to lead multi-agency commitments aimed at effective implementation of the country’s national food and nutrition agenda.
The African Development Bank and the African Fertilizer and Agribusiness Partnership have signed two grant agreements to implement trade credit guarantees worth $5.4 million to support fertilizer value chains in Nigeria and Tanzania.
The African Development Bank is to part-finance the construction of a 563 km power transmission line in Mozambique, after signing the agreement on 28 August to start the Temane transmission project.
The Clean Technology Fund (CTF) approved $20 million for the Facility for Energy Inclusion, a facility sponsored by the AfDB to provide sustainable financing for small-scale renewables in Africa.
The African Development Bank Group has signed a US$4.8m institutional support grant to the African Union for implementation of the African Continental Free Trade Area agreement (AfCFTA).
African Development Bank and Ethiopia sign agreement for first phase of Ethiopia–Djibouti transport corridor
The government of Ethiopia and the African Development Bank Group have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia–Djibouti Road Transport Corridor Project.
Africa's key development partners formalize their commitment to address food and nutrition security in the continent
In partnership with the African Union, leaders of four multilateral agencies, AfDB, FAO, IFAD and the World Bank, called for a high-level meeting with development partners in Kigali, Rwanda at the first Africa Food Security Leadership Dialogue.
The President of Namibia officially launched the refurbished harbour on 2 August 2019, together with the Chairperson of the Board the Namibian Port Authority and the Operations Manager of the Southern Africa office of the AfDB.
The African Development Bank has extended a $3 million grant from the Transition Support Facility (TSF) to the Republic of The Gambia for sustainable urban development of the greater Banjul Area.
Guinean Head of State Alpha Condé and President of the African Development Bank Group Dr. Akinwumi A. Adesina have officially opened the new Country Office for Guinea.
The Board of Directors of the African Development Bank Group has approved a $8 million-targeted financing to Kenya's Credit Bank for lending exclusively to small and medium enterprises.
The African Development Bank and the African Institute for Mathematical Sciences signed a Memorandum of Understanding on Monday to strengthen education, training and research in mathematical sciences in Africa.
AfDB, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development
The African Development Bank and the governments of Cabo Verde and Portugal have signed a country specific memorandum of understanding for the implementation of the Lusophone Compact.
Established to provide concessional buffer to needy economies on the continent, ADF is not only facilitating rapid roll-out of development projects, but its investments continue to transform and sustain lives, beneficiaries say.
The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states.
The Board of Directors of the African Development Bank (AfDB) approved a loan of EUR 26.5436 million to the Republic of Equatorial Guinea to finance the project to support the Modernization of Public Finance (PAMFP).
The African Development Bank Group has announced the debarment of Qualitrends Global Solutions Nigeria Limited, a construction company registered in Nigeria, for a period of 36 months.
The African Development Bank has approved a €100 million partial credit guarantee to the structured finance company, African Agriculture Impact Investments Ltd (Mauritius), to develop commercial agriculture in Africa.
The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa program.
Ivorian Minister of Tourism Siandou Fofana has presented a strategy document aimed at making Côte d'Ivoire Africa's fifth biggest tourism destination from 2025 to the African Development Bank.
AfDB extends $80 million line of credit to boost Botswana's industrialization and regional integration projects
African Development Bank Group has approved an $80 million line of credit to the Botswana Development Corporation Ltd, BDC, to help the country’s industrialization and regional integration.
The Agriculture Fast Track Fund (AFT), hosted by the African Development Bank, has announced $ 3,390,000 funding for 17 new small and medium enterprises in the agriculture sector in Africa.
Since 2016, the AfDB has supported up to 1.7 million US dollars, the project of support to the employ-ability and insertion of young people in the growth sectors of Togo, which has created 35,000 jobs in SMEs in agriculture.
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company to support infrastructure financing in Nigeria.
The Board of the African Development Bank has approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement.
Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive.
One hundred and sixty young women have begun a month-long coding class on two Nigerian campuses under a new programme to give African youth digital skills for the work force.
The refurbishment of the old Saint Louis power station by the African Development Bank (AfDB) has brought a breath of fresh air to those working at and living in the north west of Mauritius.
The AfDB Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema.
AfDB has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises in Francophone West Africa.
The Adaptation Benefits Mechanism (ABM) is an innovative mechanism for mobilising new and additional public and private sector finance.
The Italian Government has signed an agreement for an additional €1 million contribution to the AfDB Multi-Partner Somalia Infrastructure Fund.
The African Development Bank and the governments of Mozambique and Portugal have signed a Mozambique-specific Memorandum of Understanding for the implementation of the Lusophone Compact.
Inhabitants of Kenya,Tanzania, Uganda and Ethiopia will enjoy uninterrupted supply of electricity with the upcoming commissioning of a power transmission line to interconnect Kenya and Ethiopia, powered by the AfDB.
Africa's general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020.
The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency.
The African Development Bank has invested €40 million to modernize the Owendo International Port.
The African Development Bank’s Board has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion from capital markets.
The African Development Bank is keeping higher education, science and technology at the top of its development agenda as it backs a proposed African Education Fund.
The Board of Directors of the African Development Bank has approved a $7.5 million equity investment in Africa Tech Ventures (ATV) to boost operations of highly scalable companies.
The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project
The African Development Bank Group has approved a $18.17 million senior loan to the 40 MWac Kopere Solar Power Project owned by Voltalia.
The African Development Bank rated has successfully priced a dual-tranche $500 million 3-year and $100 million 2-year SOFR-linked Green bond, becoming the first issuer to bring to the market a SOFR-linked Green Bond transaction.
The Board of Directors at the African Development Bank (AfDB) have agreed to a first rank loan of 51.26 million euros to finance the construction of a power plant in Malicounda, Senegal.
The African Development Bank (AfDB) has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of the country.
In 2016 and 2017, the African Development Bank granted two budget support to Gabon , to support the country's reforms.
The African Development Bank (AfDB), as part of its African Women's Access to Finance Initiative (AFAWA), is partnering with Entreprenarium to build the capacity of 1,000 women entrepreneurs on the continent.
The Board of Directors of the African Development Bank has approved its third equity investment of $40m in Africa Infrastructure Investment Fund (AIIF3).
The African Development Bank has unveiled the Africa Energy Portal, AEP, a platform that will consolidate, validate, and disseminate energy data and insights across Africa’s energy value chain.
With its vast agricultural potential, Africa’s agribusiness sector is predicted to reach US$1 trillion by 2030. Agribusiness will become the ‘new oil” on the continent.
The African Development Bank alongside Islamic Corporation for the Insurance of Investment and Export Credit, African Trade Insurance Agency and GuarantCo, on Wednesday entered into a Memorandum of Understanding for a Co-Guarantee Platform.
The AfDB launched its Room2Run initiative last month which effectively freed up $700m off the bank’s balance sheet. We spoke to Raza Hasnani from Africa50 fund who helped structure the deal.
The African Development Bank Group has approved a US$15 million grant from the African Development Fund for a water supply and sanitation project in Malawi, expected to provide jobs and boost the livelihoods of nearly 300,000 people.
The African Development Bank and African Trade Insurance Agency have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa.