November 15, 2024
Africa: African Development Bank, Soff Sign Letter of Intent to Support Africa's Low-Income Countries to Achieve Effective Multi-Hazard Early Warning Systems
The African Development Bank Group and the Systematic Observations Financing Facility (SOFF), a United Nations Multi-Partner Trust Fund, today signed a letter of intent to… Read more »
November 07, 2024
Cote d'Ivoire: Côte d'Ivoire - African Development Bank Grants Loan of Over €24 Million to Improve Fisheries and Aquaculture Sectors, Benefitting Some 700,000 People
The Board of Directors of the African Development Bank Group approved a loan of €24.63 million to Côte d'Ivoire to boost the development of fisheries and aquaculture… Read more »
October 28, 2024
East Africa: East Africa - The Ethiopia-Kenya Electricity Highway Is Shaping Regional Connectivity With the Support of the African Development Bank
The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more than 10 years of planning and construction, is redefining energy connectivity in East… Read more »
October 22, 2024
Nigeria: African Development Bank's $100 Million for Nigeria's Young Entrepreneurs, As Adesina Warns Country Is Losing Its Talent
The African Development Bank Group President and Chairman of the Boards of Directors Dr Akinwumi Adesina has warned that young Nigerians were voting with their feet and leaving the… Read more »
October 17, 2024
Senegal: Senegal - Local Rice Production, Supported By the African Development Fund, Is a Source of National Pride That Contributes to Food Self-Sufficiency
A frail but dynamic figure busies herself around a cooking pot. Read more »
October 16, 2024
Zimbabwe: African Development Fund Awards Grant of Over $3.5 Million to Zimbabwe to Boost Youth and Female Employability
The Board of Directors of the African Development Fund approved a grant of $3.57 million to the government of Zimbabwe to increase the resilience, skills and entrepreneurial… Read more »
October 18, 2024
Africa: Japan - African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund
The African Development Bank Group has celebrated the 30th anniversary of the Policy and Human Resource Development Grant (PHRDG), a bilateral trust fund created by Japan in… Read more »
October 19, 2024
Nigeria: Nigeria - African Development Bank Approves $100 Million to Support Youth and Women-Led Msmes
The African Development Bank has approved a $100 million loan to increase access to finance for youth and women-led small and medium enterprises, under the Nigeria Youth… Read more »
September 26, 2024
South Sudan: South Sudan - African Development Bank Grants Over $5 Million to Support Micro-Enterprises Run By Young People and Women
The Board of Directors of the African Development Bank Group has approved a grant of $5.28 million to South Sudan to help create much-needed jobs for young people and women. The… Read more »
September 28, 2024
Lesotho: Lesotho's King Letsie III, African Development Bank Group and Global Philanthropies Forge Strategic Partnership to End School-Age Hunger
The African Development Bank Group and The Children's Investment Fund Foundation (CIFF) today signed a Letter of Intent formalizing a commitment to establish the End School-Age… Read more »
September 23, 2024
Tanzania: Tanzania - African Development Bank Grants $129 Million Loan to Agricultural Project Generating Decent Jobs for Young People
The Board of Directors of the African Development Bank Group on 20 September 2024 approved a $129.71 million loan to Tanzania for the implementation of a youth-focused agribusiness… Read more »
September 13, 2024
Senegal: African Development Bank Provides U.S.$ 102.79 Million to Support Farmers Through Climate Resilient Special Agro-Industrial Processing Zones Infrastructure in Guinea, Senegal, and Togo
The Board of Directors of the African Development Bank Group ("ADB") approved $102.79 million for the Multinational (Guinea, Senegal and Togo) Promotion of Sustainable Agricultural… Read more »
September 02, 2024
Africa: African Development Bank President Praises Saudi Arabia for Billions of Dollars of Investment in Africa
Dr Akinwumi Adesina, the president of the African Development Bank Group, has praised Saudi Arabia for its generous "support, dedication and friendliness" to Africa where it is… Read more »
August 05, 2024
Benin: African Development Fund Grants $60 Million Loan to Benin to Strengthen Its Economic Governance and Private Sector Development
The Board of Directors of the African Development Fund, the African Development Bank Group's concessional window, approved on Thursday a loan of $60 million to the Republic of… Read more »
Comoros: African Development Fund Grants the Union of the Comoros $135 Million to Develop Its Ports and Facilitate Regional Trade
The Board of Directors of the African Development Bank Group has approved a $135 million package to the Union of the Comoros - its largest ever to the Indian Ocean archipelago - to… Read more »
July 16, 2024
Africa: African Development Bank's Sovereign Portfolio Retains Top Spot in 2024 Aid Transparency Index
Publish What You Fund, the global campaign for aid and development transparency, has once again named the African Development Bank's sovereign portfolio as the most transparent.… Read more »
July 12, 2024
South Sudan: African Development Bank Group Approves $46 Million Grant Funding for Agricultural Productivity, Food Security and Resilience
The Board of Directors of the African Development Bank Group has approved a $46.2 million grant to support the first phase of the Climate Resilient Agri-Food System Transformation… Read more »
June 25, 2024
Africa: African Development Bank Expands Urban Support Program to Six New Cities
The African Development Bank's Urban and Municipal Development Fund (UMDF) has expanded its African Cities Program to cover six new cities across the continent. The expansion,… Read more »
June 26, 2024
Africa: African Development Bank Seeks Japan's Support for Climate Action and Infrastructure Projects
An African Development Bank delegation in Tokyo on Monday 17 June held meetings at the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), with Mr. Takashi Koyari,… Read more »
June 14, 2024
Africa: G-7 Leaders Reaffirm Support for Billion-Dollar Infrastructure Programme for Africa - Pledges More Support to African Development Bank-Backed Initiatives
G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent's economic… Read more »
June 12, 2024
Africa: African Development Bank Group Approves $8.6 Million Grant to Boost Non-Oil Revenue Mobilization in South Sudan
The Board of Directors of the African Development Bank Group has approved a grant funding of $8.6 million to South Sudan to advance the second phase of the Non-Oil Revenue… Read more »
June 07, 2024
Benin: Benin - Solid Support From the African Development Fund Dissuades Emigration in the Countryside
"Thanks to the African Development Fund project, we have decided not to try our luck in Europe or anywhere else." Read more »
June 04, 2024
Africa: African Development Bank, African Union, United States Government, International Fund for Agricultural Development, Cgiar Advance Ties to Boost Africa's Food Production
Top development organisations have pledged to forge partnerships to expand the Vision for Adapted Crops and Soils (VACS), an initiative aimed at building resilient African food… Read more »
May 22, 2024
Sudan: African Development Bank Reaffirms Support for Sudan Amid Civil Conflict
The African Development Bank has reassured Sudan of its continued support in providing humanitarian and economic assistance, while addressing other priority needs amid the… Read more »
April 25, 2024
Sudan: African Development Bank Executive Director and Sudanese Envoy Discuss Crucial Support Amid Ongoing Conflict
Ambassador El Gayly Mohamed Abdelhamid, Sudanese Chargé d'Affaires to Cote d'Ivoire, recently paid a courtesy visit to Mr. Rufus N. Darkortey, Executive Director for Sudan… Read more »
