FAO and the African Union Commission launch a guide to help countries enter Africa's new single market
The Food and Agriculture Organization of the United Nations (FAO) and the African Union Commission's Department of Agriculture, Rural Development, Blue Economy and Sustainable Development (AUC-DARBE) have launched a guide to boosting intra-African agricultural trade under the new African Continental Free Trade Area (AfCFTA) agreement.
The African Development Bank (AfDB), approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP).
The success of the African Continental Free Trade Area (AfCFTA) hinges on the ability of African firms to understand and capitalize on the trade related opportunities offered by the AfCFTA
AfDB launches second phase of West African Capital Markets Integration Project backed by $850,000 grant
The African Development Bank (AfDB) launched the second phase of the West African Capital Markets Integration (WACMI) Project to establish a common securities listing and trading platform across West African bourses.
The Government of Canada and the African Development Bank (AfDB) signed an agreement formalizing the Canada - African Development Bank Climate Fund (CACF).
The African Development Bank and Equity Group signed a $100 million loan facility to support the commercial bank’s expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises as it grows.
The Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects.
The African Development Bank has appointed Achraf TARSIM as Country Manager designated for Morocco. Achraf, a Tunisian citizen, joined the Bank in 2009, as an economist in the Governance and Economic and Financial Reforms Department.
The African Development Bank has launched and priced a $2.5 billion 5-year Global Benchmark bond due 23 March 2026, its first $ benchmark of the year.
The African Development Bank and the Government of Uganda has signed a $229.5 million financing agreement for the first phase of the Kampala-Jinja Expressway Project, which will cut travel time and boost trade along an important artery linking Uganda with its neighbors.
The African Development Bank (AfDB) has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola.
The African Development Bank (AfDB), announced it issued a sanction decision against Mitsubishi Heavy Industries (MHI), for sanctionable practice.
The Board of Directors of the African Development Bank approved, a donation of 150,000 US dollars to support internally displaced persons (IDPs) in Bamako
AfDB provides $1 million for AI-based national customer management systems in Ghana, Rwanda and Zambia
The grant resources are from the special fund of the Africa Digital Financial Inclusion Facility (ADFI), a financing vehicle to accelerate digital financial inclusion across Africa.
The African Development Bank (AfDB) has finalized the purchase of 26 modular steel bridges to replace infrastructure that was destroyed in weather disasters in Mozambique.
African Development Bank received an award by global finance which represents clear support to the operational strategy that the African Development Bank has been pursuing under the able leadership of its President, Dr. Akinwumi A. Adesina
AfDB provides $400,000 grant for Securities and Exchange Commission of Nigeria to support capital markets development
The African Development Bank (AfDB) signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments.
Africa Digital Inclusion Facility approves $1.3m grants for research efforts to enhance women’s digital access to loans and micro-insurance
The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance.
Women farmers in Tanzania have harnessed solar technology to reduce post-harvest losses, enhancing food security.
The African Development Bank approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile.
[Africa Tech Review] Duncan Mochama: Fintech is driving and reshaping the financial sector in Africa
As a key driver of growth in the region, fintech has become a viable alternative to traditional banking in both urban and rural areas.
The Japan International Cooperation Agency (JICA) and the African Development Fund (ADF), the concessional arm of the African Development Bank Group, have signed a loan agreement of 73.6 billion Japanese yen, approximately $668.1 million, to support the 15th replenishment of the African Development Fund.
The African Development Bank (AfDB), appointed Ifedayo Orimoloye as the Group Chief Risk Officer, effective 1 April 2021.
AfDB, Mozambique LNG Area 1 Project win Multilateral Deal of the Year Award for $24 billion global syndicated finance
The Mozambique Liquefied Natural Gas (LNG) Area 1 Project and the African Development Bank have jointly received the prestigious Global Multilateral Deal of the Year 2020 award by the print and online publication Project Finance International.
African Development Bank assists West African countries to deliver carbon emission reductions and meet their Paris Agreement commitments
The African Development Bank (AfDB) has extended financial support to a project that will strengthen the efforts of West African countries to meet their Nationally Determined Contributions (NDCs) targets under the Paris climate accord.
The African Development Bank (AfDB) is financing the construction of the second phase of the Public Health Emergency Operations Center (PHEOC) in Juba, South Sudan.
AfDB, FAO and South Sudan government ink protocols for $14 million grant to boost agricultural markets
The African Development Bank has signed protocols to disburse a $14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN's Food and Agriculture Organization.
The implementation of the Support Project for Internal Resource Mobilization and the Improvement of Economic and Financial Governance, supported by the African Development Bank, has contributed to strengthening Niger's economic resilience.
AfDB, partners launch sanitation and wastewater management tool to boost health and economic growth in Africa
The African Development Bank, the UNEP and GRID-Arendal have released the inaugural Sanitation and Wastewater Atlas of Africa, a tool to benchmark and propel Africa’s progress towards SDGs on safe sanitation and wastewater management.
Ratings agency S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook.
African Development Bank’s adaptation benefits mechanism helps to climate-proof Ivorian smallholder farmers
A new project by the African Development Bank and the International Agroforestry Agency (ICRAF) to bring relief to Ivorian smallholder cocoa farmers’ communities in Soubre and Vavoua currently grappling with declining yields.
AfDB launches programme to mobilize $25 billion for climate change adaptation initiatives across Africa
African Development Bank President Akinwumi A. Adesina has announced the launch of the Africa Adaptation Acceleration Program (AAAP) to mobilize $25 billion to scale up and accelerate climate change adaptation actions across Africa.
AfDB, European Investment Bank sign joint partnership action plan to fast-track development in Africa
The African Development Bank, AfDB, and the European Investment Bank (EIB) have signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in Africa.
The African Development Bank (AfDB) approved an emergency aid of $686,000 to Madagascar intended to cope with the combined effects of the drought and the Covid-19 pandemic in the far south of the island.
The African Development Bank announced the addition of Mauritius and Morocco to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the Bank’s efforts to deepen the continent’s local currency bond market.
The African Development Bank (AfDB) appointed Paula Santos Da Costa as Acting Director, Office of Integrity and Anticorruption, effective 14 January 2021.
The African Development Bank (AfDB) approved a grant of $11.26 million to the Government of Chad to finance the Girls' Education and Women's Literacy Project - the first Bank grant exclusively targeting women and girls.
The African Development Bank Group, AfDB, has announced the appointment of Directors General for the East, Central and Southern Africa regions
The 2021 Borrowing Program of the African Development Bank has been approved by the Board of Directors for up to $10.4 billion to be raised from capital markets.
The African Development Bank (AfDB) approved a loan of $42.9 million to finance the second phase of a major power transmission and interconnection project in Madagascar.
The African Development Bank (AfDB) announced $90 million in new donor commitments for the Sustainable Energy Fund for Africa (SEFA).
The African Development Bank (AfDB) approved financing for $14.96 million project to help women in Sudan access finance and grow their businesses.
The African Development Bank Group has appointed Gauthier Boulard as Director and Special Advisor in the Office of the President, effective 1 January 2021.
The Nordic Development Fund (NDF) approved $8.8 million in grant funding to the African Water Facility (AWF) to bolster investments in COVID-19 recovery and preparation for investment of water supply.
The African Development Bank has joined a group of 11 multilateral development banks (MDBs) and the International Monetary Fund (IMF) on Thursday in launching a first-ever joint report on financing the Sustainable Development Goals.
The African Development Fund (ADF) approved a loan of $71.5 million to pave sections of two roads in southwestern Uganda, a project expected to boost livelihoods, school attendance and rural connectivity.
AfDB grants additional $3.5m to Central African Republic for electricity interconnection project with DRC
The African Development Bank (AfDB), granted an additional donation of $3.52 million to the Central African Republic to help the country to complete the first phase of an electricity interconnection project with the Democratic Republic of the Congo (DRC).
The African Development Bank approved $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio.
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
AfDB's investments are transforming the continent, unlocking economic potential and spurring development, report
From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank (AfDB) are paving the way to unlock Africa’s economic potential, according to the 2020 ADER.
Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a stable outlook.
AfDB and Uganda government have signed a $500,000 grant agreement for financing MSMEs to boost business linkages on the East African Crude Oil Pipeline Technical Assistance project.
The African Development Bank has signed a grant agreement with the Ministry of ICT and Innovation in Rwanda to support the Rwanda Coding Academy, set up to develop top technology talent to drive a booming, innovation-driven digital economy.
The African Development Bank (AfDB) has appointed Lamin Barrow as Acting Senior Director, Nigeria Country Office, effective 1 November 2020.
Africa Fertilizer Financing Mechanism, OCP Africa team up to increase access to fertilizers in Côte d’Ivoire and Ghana
The African Development Bank has approved the participation of the Africa Fertilizer Financing Mechanism in a $4 million partial trade credit guarantee with OCP Africa, a subsidiary of the OCP Group.
[Column] Wambui Gichuri: Why COVID-19-impacted World Food Day 2020 is the time to prioritize investments in food systems
World Food Day 2020 marked the 75th anniversary of the founding of the Food and Agriculture Organization, but celebrations this 16 October are muted due to the coronavirus.
Dr. Akinwumi A. Adesina has been re-elected to serve a second fiveyear term as President of the African Development Bank Group by the Board of Governors of the Bank.
The African Development Bank (AfDB) announced a 24-month debarment of Sangtech International Services, Sangar & Associates (Nigeria), Mashad Integrated and Investment Co. and Medniza Global Merchants.
[Column] Charles Lufumpa: Rebuilding Africa and strengthening its resilience against future economic shocks
After demonstrating its resilience during the Ebola outbreak and the global financial crisis, Africa is once again facing a severe test of its strength and agility because of the coronavirus pandemic.
The COVID-19 pandemic and its health and economic impacts has forced a global rethink of the current multilateral framework and what it means for the future.
The Green Cluster of SMEs in Côte d'Ivoire has awarded the African Development Bank a prize for the best technical and financial partner committed to promoting the green economy.
Climate financing by seven of the world’s largest multilateral development banks (MDBs) totaled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies.
From a new digital marketplace to connect Africa’s creatives with global markets, to masterclasses to help designers share and learn, and webinars to inform and inspire, AfDB's Fashionomics Africa initiative has taken great strides this year.
Marieme Esther Dassanou is the Coordinator of Affirmative Finance Action for Women in Africa (AFAWA) the African Development Bank’s flagship pan-African initiative
The African Development Bank (AfDB) has approved a loan of $288 million to the government of South Africa, as the country battles one of the largest COVID-19 caseloads in the world.
In Zambia’s Serenje district, young Zambians are being offered a ray of hope in the form of an agriculture project that is both an alternative to copper mining as a path out of poverty.
A six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted economic competitiveness and contributed to an improvement in the quality of life.
Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’, with stable outlook.
The African Development Bank has concluded its bid to co-finance the construction of Mozambique's integrated Liquefied Natural Gas (LNG) plant by signing a senior loan of $400 million for the transformational project.
Africa Investment Forum founding partners unveil unified COVID-19 response to support Africa’s private sector
Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said, expressing confidence in the continent’s potential to rebound from the ongoing health and economic crises.
AfDB approves Fourth Monitoring Report on Management Action Plan for Eskom’s Medupi Power Project in South Africa
The AfDB approved the recommendations of the Fourth Monitoring Report of the Independent Review Mechanism on the implementation of the Updated Management Action Plan for Medupi Power Project in South Africa.
The African Development Bank (AfDB) approved recommendations of the First Monitoring Report of the Independent Review Mechanism (IRM) on the Sendou Coal-Fired Power Plant Project in Senegal.
The Water Mobilisation Project to Enhance Food Security in Maradi, Tahoua and Zinder Regions implemented between 2011 and 2018 in Niger, has sustainably increased agricultural production and productivity.
The African Development Bank has made the empowerment of women and youth a priesthood in Madagascar.
Rabah Arezki appointed Chief Economist and Vice President, Economic Governance and Knowledge Management, AfDB
The African Development Bank Group (AfDB) has appointed Dr. Rabah Arezki as Chief Economist and Vice President, Economic Governance and Knowledge Management, effective 1st October 2020.
Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 percent, a rate that outstrips other African regions and is forecast to rebound to 3.7 percent in 2021, according to the AfDB.
Africa’s growth stands to rebound to 3% in 2021, provided that governments manage the COVID-19 infection rate well, African Development Bank says in African Economic Outlook 2020 Supplement.
The African Development Bank (AfDB) announces the appointment of Wambui Gichuri as Acting Vice President- Agriculture, Human and Social Development, effective 5 July 2020.
The government of Madagascar received a check of $2.13 million from the Insurance Company of the Pan African Risk Management Mutual (ARC) to cover the loss of livelihoods of its population caused by climatic disasters.
The African Development Bank Group has concluded the investment of R2 billion ($116 million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa.
The African Development Bank has joined the World Trade Organisation (WTO)and other multilateral development banks (MDBs) to reduce trade finance gaps that emerge as a result of the COVID-19 pandemic.
With funding from the African Development Bank the project provided irrigation kits, constructed boreholes, small dams and water troughs that boost farmers’ yields.
Five years into the African Development Bank’s ambitious New Deal on Energy for Africa, the Bank’s investments are set to provide electricity access to around 13 million people.
The African Development Bank (AfDB) announces the appointment of Mr. Souley Amadou as Acting General Counsel and Director of the Legal Service Department, effective 1 July 2020.
The African Development Bank approved a donation of 1.1 million US dollars to the Rwandan government for the implementation of the Project of commercial competitiveness of the value chain of the meat.
Publish What You Fund has ranked the African Development Bank fourth out of 47 global development institutions on its Aid Transparency Index.
The Board of Directors of the African Development Bank has approved a 225 million euros loan to finance Egypt's Electricity and Green Growth Support Program
Nasdaq has announced the inclusion of the African Development Bank, one of the world's largest issuers of social bonds, in the Nasdaq Sustainable Bond Network.
From Sudan to Mali, Senegal to Mozambique, and Zambia to Mauritania, women are changing the face of agriculture, adapting and innovating to tackle the challenges of climate change, and feeding the continent’s growing population.
The African Development Bank has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study into a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.
AfDB's Board of Directors has approved a $1.2 million grant to Ethiopia's government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.
The African Development Bank has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis.
The African Development Bank has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019 edition, and incorporates emerging developmental realities and opportunities.
Pursuant to a settlement agreement, the African Development Bank announced the debarment of Burmeister & Wain Scandinavian Contractor, for a period of 21 months.
The African Development Bank granted Abidjan a funding of $13.55 million to support the fight against the Covid-19 pandemic within the Economic and Monetary Community Central Africa (CEMAC) and the Democratic Republic of Congo (DRC).
The African Development Bank approved an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and Niger.
Africa Regional Integration Index underlines integration as key to building more resilient economies
The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa.
Africa Regional Integration Index calls on continent to build more resilient economies through integration
The second Africa Regional Integration Index (ARII 2019) was launched by the Economic Commission for Africa (ECA), the AfDB and the African Union Commission, with a call to action to African economies to deepen their integration.